TrustRadius

IFS Applications vs. Qvantum

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
IFS Applications
Score 8.0 out of 10
N/A
IFS Applications is presented by the vendor as an agile application suite that offers enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise project management, handling 4 core processes: Service & Asset Management Full Enterprise Asset Management (EAM), Maintenance Repair and Overhaul (MRO) and Field Service Management (FSM) Manufacturing Enterprise Resource Planning (ERP) with support for process manufacturing, discrete manufacturing…N/A
Qvantum
Score 0.0 out of 10
Enterprise companies (1,001+ employees)
QVANTUM is a cloud solution for agile, operative corporate planning. The solution provides companies with planning data - automated, cross-departmental. QVANTUM, based on automatically available planning data and figures from all company areas, can help create valid company plans. These plans are not just based on past data but data that comes directly, automatically, and from other departments, which already contain future planning data. QVANTUM replaces manual planning processes, to…N/A
Pricing
IFS ApplicationsQvantum
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
IFS ApplicationsQvantum
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeOptional
Additional Details——
More Pricing Information
Community Pulse
IFS ApplicationsQvantum
Features
IFS ApplicationsQvantum
Payroll Management
Comparison of Payroll Management features of Product A and Product B
IFS Applications
2.6
Ratings
94% below category average
Qvantum
-
Ratings
Pay calculation4.00 Ratings00 Ratings
Benefit plan administration4.00 Ratings00 Ratings
Direct deposit files3.00 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
IFS Applications
8.5
Ratings
11% above category average
Qvantum
-
Ratings
API for custom integration8.50 Ratings00 Ratings
Plug-ins8.50 Ratings00 Ratings
Security
Comparison of Security features of Product A and Product B
IFS Applications
9.7
Ratings
17% above category average
Qvantum
-
Ratings
Single sign-on capability10.00 Ratings00 Ratings
Role-based user permissions9.50 Ratings00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
IFS Applications
7.8
Ratings
8% above category average
Qvantum
-
Ratings
Dashboards7.00 Ratings00 Ratings
Standard reports7.50 Ratings00 Ratings
Custom reports9.00 Ratings00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
IFS Applications
7.4
Ratings
4% below category average
Qvantum
-
Ratings
Accounts payable9.00 Ratings00 Ratings
Accounts receivable9.00 Ratings00 Ratings
Global Financial Support9.00 Ratings00 Ratings
Primary and Secondary Ledgers8.50 Ratings00 Ratings
Journals and Reconciliations8.00 Ratings00 Ratings
Configurable Accounting8.50 Ratings00 Ratings
Standardized Processes9.00 Ratings00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
IFS Applications
8.6
Ratings
8% above category average
Qvantum
-
Ratings
Inventory tracking8.50 Ratings00 Ratings
Automatic reordering9.00 Ratings00 Ratings
Location management9.00 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
IFS Applications
5.4
Ratings
37% below category average
Qvantum
-
Ratings
Pricing8.00 Ratings00 Ratings
Order entry8.50 Ratings00 Ratings
Credit card processing6.00 Ratings00 Ratings
Cost of goods sold6.50 Ratings00 Ratings
Order Orchestration6.50 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
IFS Applications
3.4
Ratings
75% below category average
Qvantum
-
Ratings
Billing Management6.50 Ratings00 Ratings
Cash and Asset Management7.50 Ratings00 Ratings
Travel & Expense Management7.50 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting6.50 Ratings00 Ratings
Period Close8.50 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
IFS Applications
2.7
Ratings
95% below category average
Qvantum
-
Ratings
Budgeting and Forecasting3.00 Ratings00 Ratings
Project Costing6.00 Ratings00 Ratings
Cost Capture5.00 Ratings00 Ratings
Capital Project Management2.00 Ratings00 Ratings
Customer Contract Compliance2.00 Ratings00 Ratings
Project Revenue Recognition2.00 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
IFS Applications
3.6
Ratings
63% below category average
Qvantum
-
Ratings
Project Planning and Scheduling10.00 Ratings00 Ratings
Task Insight for Project Managers9.00 Ratings00 Ratings
Project Mobile Functionality8.00 Ratings00 Ratings
Definable Resource Pools8.00 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
IFS Applications
10.0
Ratings
29% above category average
Qvantum
-
Ratings
Award Lifecycle Management10.00 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
IFS Applications
3.3
Ratings
71% below category average
Qvantum
-
Ratings
Bids Analyzed and Compared8.00 Ratings00 Ratings
Contract Authoring7.00 Ratings00 Ratings
Contract Repository7.00 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated9.50 Ratings00 Ratings
Supplier Management9.50 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
IFS Applications
4.6
Ratings
35% below category average
Qvantum
-
Ratings
Risk Repository8.00 Ratings00 Ratings
Control Management8.50 Ratings00 Ratings
Control Efficiency Assessments8.00 Ratings00 Ratings
Issue Detection6.00 Ratings00 Ratings
Remediation and Certification7.00 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
IFS Applications
6.3
Ratings
6% below category average
Qvantum
-
Ratings
Transportation Planning and Optimization7.00 Ratings00 Ratings
Transportation Execution Management7.00 Ratings00 Ratings
Trade and Customs Management6.00 Ratings00 Ratings
Fulfillment Management5.00 Ratings00 Ratings
Warehouse Workforce Management8.00 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
IFS Applications
6.2
Ratings
18% below category average
Qvantum
-
Ratings
Production Process Design8.50 Ratings00 Ratings
Production Management8.00 Ratings00 Ratings
Configuration Management7.50 Ratings00 Ratings
Work Execution8.50 Ratings00 Ratings
Manufacturing Costs9.00 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
IFS Applications
8.5
Ratings
18% above category average
Qvantum
-
Ratings
Forecasting7.50 Ratings00 Ratings
Inventory Planning9.00 Ratings00 Ratings
Performance Monitoring9.00 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
IFS Applications
4.2
Ratings
52% below category average
Qvantum
-
Ratings
Proposal Management7.50 Ratings00 Ratings
Product Master Data Management7.50 Ratings00 Ratings
User Ratings
IFS ApplicationsQvantum
Likelihood to Recommend
8.0
(0 ratings)
-
(0 ratings)
Usability
8.0
(0 ratings)
-
(0 ratings)
Support Rating
1.0
(0 ratings)
-
(0 ratings)
User Testimonials
IFS ApplicationsQvantum
Likelihood to Recommend
Not every Enterprise Resource Planning (ERP) System does not cover all the industry verticals and all the functionalities and requirements for a specific industry as built-in features. Although IFS Applications does not completely cover all the requirements and all the industry verticals, it can be implemented for any industrial company with minimum configurations and customization, which is very good when implementing an ERP system. Since it supports web and mobile versions of the application as well, the users ind it easy to use.
Thushitha A. Chandrasiri | TrustRadius Reviewer
Thushitha A. Chandrasiri
Lead ERP Consultant
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No answers on this topic
Pros
  • Accounting
  • Finance
  • Complex Inventory
Verified User
Anonymous
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No answers on this topic
Cons
  • Project Budget control other than Procurement
  • Customer Advance settlement process should be Manual rather then Auto Adjustment
  • IFS GSO Support should be more proactive
Verified User
Anonymous
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No answers on this topic
Usability
In overall, the companies get many advantages, where we can forget most of the things which can be considered for room for improvement. The user interface is good. It supports mobile versions an has several mobile applications for specific areas with Android, IOS and Windows versions. It allows several deployment options such as remote hosting, IFS Cloud hosting and on-premise hosting of the servers. IFS Applications can be easily and safely integrated with other systems.
Thushitha A. Chandrasiri | TrustRadius Reviewer
Thushitha A. Chandrasiri
Lead ERP Consultant
Read full review
No answers on this topic
Support Rating
We have been unable to get answers to our questions, solutions to our problems, and they don't seem interested in working in the construction industry.
Verified User
Anonymous
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No answers on this topic
Alternatives Considered
Microsoft AX, QAD (in continuation of our previous ERP), Sage X3 was an out of the box ERP that was part of initial RFP. We have chosen IFS based on the compromise between costs & budget, functionality, technical features, and feedback from similar customers that gave their feedback. The project manager team and qualification level of technical or consultant teams were differentiating factors too. Finally IFS application was named in the Gartner’s mid-market ERP Magic Quadrant, along with SAP, and helped us to finalize our choice
Verified User
Anonymous
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No answers on this topic
Return on Investment
  • Positive impact in terms of global process alignment.
  • Positive impact in terms of a single system of truth and reporting.
Verified User
Anonymous
Read full review
No answers on this topic
ScreenShots

IFS Applications Screenshots

Screenshot of Screenshot of Screenshot of Screenshot of Screenshot of

Qvantum Screenshots

Screenshot of This overview of QVANTUM shows how to define a planning session, what data can be prepared, and deadlines.Screenshot of A form that planners can later fill. Users can access the parameters to set up for planners through this panel. Defining fields that they can input along with simple syntax to follow for effective planning.Screenshot of Planners through these forms can start planning and giving inputs about their data. The user has fields that can be edited and data inputted so that the Controller can see the overall planning of a company.Screenshot of Forms: Forms can be created and changedScreenshot of Admins can assign Teams and the roles each of these team members can perform. The user can set up access points in the planning sheet.Screenshot of The modeling tool helps import current data and also export it. By following simple instructions, the data can be imported and viewed in forms.