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…
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Ramco ERP
Score 8.1 out of 10
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Ramco ERP is a comprehensive cloud ERP solution catering to the needs of fast growing enterprises. Ramco calls its ERP software "cognitive and post-modern", and says it aims to help optimize complex business processes and enable organizations to thrive digitally. Ramco ERP offers Unified solution - Power of One Flexible workflow based approach In Memory based real-time optimization engine Cognitive & self learning…
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Pricing
IFS Applications
Ramco ERP
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
IFS Applications
Ramco ERP
Free Trial
No
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
IFS Applications
Ramco ERP
Features
IFS Applications
Ramco ERP
Payroll Management
Comparison of Payroll Management features of Product A and Product B
IFS Applications
2.6
Ratings
94% below category average
Ramco ERP
8.8
Ratings
20% above category average
Pay calculation
4.00 Ratings
8.00 Ratings
Benefit plan administration
4.00 Ratings
9.00 Ratings
Direct deposit files
3.00 Ratings
10.00 Ratings
Customization
Comparison of Customization features of Product A and Product B
IFS Applications
8.5
Ratings
11% above category average
Ramco ERP
9.0
Ratings
17% above category average
API for custom integration
8.50 Ratings
9.00 Ratings
Plug-ins
8.50 Ratings
9.00 Ratings
Security
Comparison of Security features of Product A and Product B
IFS Applications
9.7
Ratings
17% above category average
Ramco ERP
8.5
Ratings
4% above category average
Single sign-on capability
10.00 Ratings
9.00 Ratings
Role-based user permissions
9.50 Ratings
8.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
IFS Applications
7.8
Ratings
8% above category average
Ramco ERP
9.0
Ratings
22% above category average
Dashboards
7.00 Ratings
10.00 Ratings
Standard reports
7.50 Ratings
8.00 Ratings
Custom reports
9.00 Ratings
9.00 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
Ramco ERP
-
Ratings
Accounts payable
9.00 Ratings
00 Ratings
Accounts receivable
9.00 Ratings
00 Ratings
Global Financial Support
9.00 Ratings
00 Ratings
Primary and Secondary Ledgers
8.50 Ratings
00 Ratings
Journals and Reconciliations
8.00 Ratings
00 Ratings
Configurable Accounting
8.50 Ratings
00 Ratings
Standardized Processes
9.00 Ratings
00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
IFS Applications
8.6
Ratings
8% above category average
Ramco ERP
8.3
Ratings
5% above category average
Inventory tracking
8.50 Ratings
8.00 Ratings
Automatic reordering
9.00 Ratings
00 Ratings
Location management
9.00 Ratings
9.00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
IFS Applications
5.4
Ratings
37% below category average
Ramco ERP
9.0
Ratings
13% above category average
Pricing
8.00 Ratings
9.00 Ratings
Order entry
8.50 Ratings
9.00 Ratings
Credit card processing
6.00 Ratings
00 Ratings
Cost of goods sold
6.50 Ratings
00 Ratings
Order Orchestration
6.50 Ratings
00 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
Ramco ERP
-
Ratings
Billing Management
6.50 Ratings
00 Ratings
Cash and Asset Management
7.50 Ratings
00 Ratings
Travel & Expense Management
7.50 Ratings
00 Ratings
Budgetary Control & Encumbrance Accounting
6.50 Ratings
00 Ratings
Period Close
8.50 Ratings
00 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
Ramco ERP
-
Ratings
Budgeting and Forecasting
3.00 Ratings
00 Ratings
Project Costing
6.00 Ratings
00 Ratings
Cost Capture
5.00 Ratings
00 Ratings
Capital Project Management
2.00 Ratings
00 Ratings
Customer Contract Compliance
2.00 Ratings
00 Ratings
Project Revenue Recognition
2.00 Ratings
00 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
Ramco ERP
-
Ratings
Project Planning and Scheduling
10.00 Ratings
00 Ratings
Task Insight for Project Managers
9.00 Ratings
00 Ratings
Project Mobile Functionality
8.00 Ratings
00 Ratings
Definable Resource Pools
8.00 Ratings
00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
IFS Applications
10.0
Ratings
29% above category average
Ramco ERP
-
Ratings
Award Lifecycle Management
10.00 Ratings
00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
IFS Applications
3.3
Ratings
71% below category average
Ramco ERP
-
Ratings
Bids Analyzed and Compared
8.00 Ratings
00 Ratings
Contract Authoring
7.00 Ratings
00 Ratings
Contract Repository
7.00 Ratings
00 Ratings
Requisitions-to-Purchase Orders Integrated
9.50 Ratings
00 Ratings
Supplier Management
9.50 Ratings
00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
IFS Applications
4.6
Ratings
35% below category average
Ramco ERP
-
Ratings
Risk Repository
8.00 Ratings
00 Ratings
Control Management
8.50 Ratings
00 Ratings
Control Efficiency Assessments
8.00 Ratings
00 Ratings
Issue Detection
6.00 Ratings
00 Ratings
Remediation and Certification
7.00 Ratings
00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
IFS Applications
6.3
Ratings
6% below category average
Ramco ERP
-
Ratings
Transportation Planning and Optimization
7.00 Ratings
00 Ratings
Transportation Execution Management
7.00 Ratings
00 Ratings
Trade and Customs Management
6.00 Ratings
00 Ratings
Fulfillment Management
5.00 Ratings
00 Ratings
Warehouse Workforce Management
8.00 Ratings
00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
IFS Applications
6.2
Ratings
18% below category average
Ramco ERP
-
Ratings
Production Process Design
8.50 Ratings
00 Ratings
Production Management
8.00 Ratings
00 Ratings
Configuration Management
7.50 Ratings
00 Ratings
Work Execution
8.50 Ratings
00 Ratings
Manufacturing Costs
9.00 Ratings
00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
IFS Applications
8.5
Ratings
18% above category average
Ramco ERP
-
Ratings
Forecasting
7.50 Ratings
00 Ratings
Inventory Planning
9.00 Ratings
00 Ratings
Performance Monitoring
9.00 Ratings
00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
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.
It provides a complete real-time solution on the go, if possible. Complete with all the features. I would definitely recommend this to other businesses to have in their ecosystem for a complete understanding of cloud-based digitization of business operations. Best choice for transforming the cloud-based organization into digital transformation.
The biggest drawback I have been facing while using the platform is that there must be no compromise on security. There is a need for a few changes in security and data control which helps businesses to trust Ramco ERP more.
Data migration is a bit of hard work along with the reports that are not giving expected results, which need improvements.
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.
I have been using this software for some time where I have changed my organization setup with the help of Ramco ERP and it leads to being the best choice, as it has all the features that are needed to be the best. All the processes are very streamlined, easy to use, and the real-time inventory stock update is amazing.
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.
The support team is best in their respective tasks. They are very supportive and responsive to the messages, listen to the problem carefully, and provide a solution on the go. If it is not possible, they will respond after time with the workable solution.
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