IFS Applications
95
Community Rating
Out of 2 Reviews

IFS Applications by IFS

As a particular kind of innovative ERP software, IFS Applications helps deliver its functionality to businesses with a lot of business process complexity and precision requirements. IFS Applications is popular in industries like manufacturing and aerospace, as well as the oil and gas industry.
IFS APPLICATIONS
Cost of Ownership

Typical cost structure for IFS Applications:

License/Subscription Cost

On-Premise:

  • Based on Perpetual License based model - License fee includes an upfront fee to own the software plus IP for a fixed term plus implementation/installation, maintenance, system upkeep overtime, customization and third-party integration costs
  • 10 to 15 percent is the typical rate of perpetual or renewal licensing for ERP systems

Cloud-Based/IaaS:

  • Based on recurring subscription based licensing model – per user per month

For both types of deployments, cost will vary based number of named users licenses the organization requires, level of access user require, number of applications, size and type of organization and level of customization required

Maintenance Cost

On-Premise:

  • Cost is over and above the upfront cost/license fee
  • Requires on-going maintenance plus on-going upgrades support
  • Users have to enter into a maintenance agreement for annual support and maintenance. The cost of which is in the range of 10 and 20 percent of the original license fee

Cloud-Based/IaaS:

  • Not included in the subscription cost
  • Additional cost for on-going maintenance and upgrades

For both types of deployment:

  • Cost will vary depending on number of users using the system
  • Upgrades fees is charged - an additional cost for upgrading the software to new releases which is essential for ERP system to be fully functional
  • Additional cost if new additions to hardware and software are made for ensuring that upgrades runs seamlessly
  • Provides wide range of support and maintenance services
  • Users can opt for varying levels of full or basic maintenance
  • Services are provided from support centers located around the world, 24X7
  • The IFS Maintenance and Support plan includes free access to new versions and product enhancements
  • Provides on-going support for smooth adoption of the new ERP system and technology plus global back-up on demand
Installation/Implementation Cost
  • For both types of deployments, cost is over and above the upfront cost/subscription cost
  • Cost will vary based on number of users, system architecture, implementation scope and complexity, company size, industry, additional applications, add-ons and third-party integrations
  • Third-party integrations involve consultation cost – charge hourly rates ranging from $75 to over $200
  • Involves human resources cost during implementation phase as users may need to spend additional time for understanding the system and additional temporary workers to replace the users who will be working on ERP project
  • Cost will vary depending on who is providing the implementation service: vendor, in-house or outsourced/third -party
  • Provides Professional Services for implementation of its product through IFS Partners Network to medium and large enterprise customers
  • A typical ERP installation for mid-sized business will range from $150,000 to $1M and for large enterprises will range from $1M to $10+M
Customization Cost For both types of deployments, cost will vary depending on applications and modules being added such as self-service, recruitment, employee development & certification, training management and expense management
Data Migration Cost/Change Management/Upfront Switching Cost
  • For both types of deployments, cost will vary depending on which legacy system is being used – older, proprietary system or disparate systems, amount of business and historical data to be migrated to the new ERP system, intensity of data migration to new system
  • Additional licenses to be purchased separately for Database Management System of ERP
  • Cost of these licenses are not included in implementation cost
Training Cost
  • For both types of deployments, IFS Applications provides access to training material via e-Learning modules, role-based training, online community, user groups for consultants, partners and customers/users
  • Provides comprehensive program of classroom and web-based training for its product to its users and partners through IFS Academy
  • Cost of the training courses will vary depending on the type of course opted for and duration of the course
  • Cost varies from $1,500/user to $2,800/user and duration ranges from 3 to 5 days
Recurring/Renewal Costs

For both types of deployments, the standard license renewal fees for an ERP is 10% to 15% of the software costs

On-Premise:

  • Annual recurring fees to be paid over and above the upfront cost for annual renewal, upgrades and on-going support and maintenance plus customization, third-party integration and training cost

Cloud-Based/SaaS:

  • Renewal cost is equivalent to the fees paid annually or monthly for the subscription based licenses based on the number of users, add-on user licenses, on-going support and maintenance, plus customization, third-party integration and training cost
Pricing Details
Product Name Description Price/Details
Pricing for IFS Applications – Full Suite ERP
  • Financial Management
  • Human Resources
  • Quality Management
  • Document Management
  • CRM
  • Logistics
  • Business Intelligence
  • Sustainability Management
  • $1,000-$4,9999 per user (one-time license)
  • IFS Applications 8.0: $300,000 to $2M for 40 to 5,000 users
Deployment Options What options are available for product deployment? Cloud-based/SaaS & On-Premise & Mobile
Pricing Model What is the pricing model?
  • License-based
  • Subscription-based
Minimum Commitment Is there a minimum monthly or yearly commitment required for purchase? Minimum commitment of one year is required
Custom Quote Is there an option of requesting custom quote? Available
Free Trial Does the vendor provide a free trial option? No
Product Limitations

Some of the product limitations include:

  • Complex implementation process
  • Solution is not user friendly
  • Does not support automatic barcodes scanning of inventory and has to be done manually
  • Users require rigorous training to learn the navigation process
Competitors

Infor ERP SyteLine: Starting at $42,000 for 10 users

Sage ERP X3: Starting at $2,600/full user license fee

Epicor ERP 10: Starting at $175/user/month

Benefits

  • Use features of IFS Applications to look at asset management and other types of enterprise administration. This ERP solution brings a lot of the power that you would expect, without being rigid or overly complex, and serves as an appealing way to direct business activities in an organized and precise way.
  • IFS Applications helps companies to adjust to changes in their industries, to improve agility, and to think outside of the box when it comes to applying best practices to manufacturing and industrial environments. Look for features related to supply chain management and more, to use this enterprise software to really direct what goes on inside a business, when certain business process standards are critical for turning out superior results.
  • Integrate IFS Applications with other elements like Customer Relationship Management software, and create a service oriented architecture that modernized a business and brings its processes firmly into the twenty-first century, for handling physical processes, as well as workplace planning and safety, in a digital age.
  • This broad-based comprehensive ERP solution is really a great asset in coordinating the kinds of work that need to go on, to help a firm to excel in demanding fields like aerospace and defense, and oil and gas drilling, where the results really make a difference.