Enterprise resource planning (ERP) software is a complex integrated software used to manage all aspects of a business, including:
- Financial data
- Manufacturing
- Human resources
- Field service
- Service management
- Supply chain management
It’s a lot to manage, and the complexity sometimes makes it difficult to evaluate an ERP system. However, there is a solution specially designed to simplify business process management.
IFS is a leading ERP solution provider, catering primarily to medium- and large-sized companies in industries such as:
- Manufacturing
- Retail
- Mining
- Energy
- Services
- Food and beverage
- And more
To provide you with a better understanding of the IFS application capabilities, this article breaks down the various IFS modules and how they can help your business with their extensive “out-of-the-box” capabilities.
One reason for the popularity of IFS Applications among decision makers is the rich feature set that each IFS module includes.
Almost any feature you would want in an ERP system is included. This reduces the customization or third-party add-on modules needed to make the system work for your business processes.
These modules can also help bring down ERP system costs by eliminating the need for costly add-ons.
The IFS modules are grouped into nine functional areas:
Interested in learning more? Check out these blogs:
- ERP Selection: 5 Criteria to Consider
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- The Cost of ERP Software for Small Businesses
IFS Financials
This IFS module includes all things financial:
- Balance sheet
- General ledger
- Business planning
- Profit-and-loss reporting
- Fixed asset management
- Accounts payable and receivable
- And more
IFS Engineering
Design control is essential for any manufacturing business, and the IFS Engineering module easily handles this process.
Key tools include:
-
- Design collaboration
- Plant design and commissioning
- Engineering change management
- And more
IFS Human Capital Management
Human resources are a crucial aspect of any business. This is why HR tools are among the central IFS components.
IFS’s HR management tools can assist you with:
- Onboarding
- Organization charts
- Training management
- Talent acquisition assets
- Time and attendance tracking
- And more
With the right IFS module, everything you need to streamline HR management is at your fingertips.
IFS Projects
The IFS Projects module covers all aspects of project management, including:
- Planning
- Reporting
- Budgeting
- Scheduling
- Risk management
As a complement to these functions, there are also special tools that facilitate sales contracting and subcontracting.
IFS Manufacturing
Whether your business does discrete manufacturing, process manufacturing, or both, the IFS Manufacturing module has you covered with:
- Shop-floor reporting
- Production order planning
- Material and resource plans
- Special manufacturing tasks (such as made-to-order and configure-to-order)
- And more
IFS Powers Your ERP Processes
Unlock the benefits of IFS for your business with help from Corning Data’s experts.
IFS Sales and Service
All your customer-facing activities are covered by this module, including:
- Web store management
- Field service management
- Call and case management
- Customer relationship management
- And more
IFS Supply Chain
Some of the most critical IFS components are the ones that manage your supply chains. Supply-chain management functionality covers the following processes:
- Procurement
- Inventory and warehouse management
- Vendor management
- Logistics
- Sales order management
- Demand forecasting
- And more
IFS Maintenance
This module includes everything you need for enterprise asset management, including:
- Equipment tracking
- Planned maintenance scheduling and execution
- Vehicle information management
- Tools to track your assets and manage service engagements.
IFS Business Enablers
If the native functionality doesn’t quite meet your specific needs, the IFS Business Enablers module is there to fill the gaps.
This module provides tools that enable customizations, extensions and add-on functionality to tailor IFS Applications for your business needs.
Additional tools in this module enable functions that may include:
- Notifications
- Mobile device functionality
- Business-to-business (B2B) communications and transactions
Select the Right IFS Components for Your System
When choosing an ERP system for your business, it is important to ensure that it can adequately address your immediate needs.
As one of the leading ERP providers, IFS offers various modules, adaptability to numerous industries and processes, and overall versatility. These qualities make IFS a solid choice for most organizations.
With additional features such as efficient document management and industry compliance capabilities, it is no wonder why many businesses turn to IFS for their enterprise resource planning needs.
Corning Data is a longtime IFS channel partner with over 40 years of ERP deployment experience for various industries. We provide a full range of managed services for IFS solutions, including 24/7 helpdesk support, advanced technical support, and more.
For more information about how IFS Applications can streamline and manage your business, contact Corning Data today.
