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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Lightspeed Retail
Score 9.1 out of 10
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Lightspeed Retail is a retail PoS system from Lightspeed headquartered in Quebec. Core retail POS features are expanded on higher service tiers with ecommerce option and payments gateway, an accounting system, and a customer loyalty program.
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Pricing
IFS Applications
Lightspeed Retail
Editions & Modules
No answers on this topic
Basic
$79.00 ($69.00)
per month (when billed annually)
Starter
$119.00 ($99.00)
per month (when billed annually)
Standard
$139.00 ($119.00)
per month (when billed annually)
Advanced
$189.00 ($169.00)
per month (when billed annually)
Pro
$259.00 ($229.00)
per month (when billed annually)
Enterprise
Contact Sales
Offerings
Pricing Offerings
IFS Applications
Lightspeed Retail
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
Lightspeed Retail
Features
IFS Applications
Lightspeed Retail
Payroll Management
Comparison of Payroll Management features of Product A and Product B
IFS Applications
4.5
3 Ratings
49% below category average
Lightspeed Retail
-
Ratings
Pay calculation
7.63 Ratings
00 Ratings
Benefit plan administration
7.03 Ratings
00 Ratings
Direct deposit files
6.03 Ratings
00 Ratings
Customization
Comparison of Customization features of Product A and Product B
IFS Applications
8.7
5 Ratings
15% above category average
Lightspeed Retail
-
Ratings
API for custom integration
8.75 Ratings
00 Ratings
Plug-ins
8.75 Ratings
00 Ratings
Security
Comparison of Security features of Product A and Product B
IFS Applications
9.9
5 Ratings
16% above category average
Lightspeed Retail
-
Ratings
Single sign-on capability
10.05 Ratings
00 Ratings
Role-based user permissions
9.75 Ratings
00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
IFS Applications
8.6
5 Ratings
15% above category average
Lightspeed Retail
-
Ratings
Dashboards
8.35 Ratings
00 Ratings
Standard reports
8.15 Ratings
00 Ratings
Custom reports
9.45 Ratings
00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
IFS Applications
7.5
5 Ratings
3% below category average
Lightspeed Retail
-
Ratings
Accounts payable
9.45 Ratings
00 Ratings
Accounts receivable
9.45 Ratings
00 Ratings
Global Financial Support
9.04 Ratings
00 Ratings
Primary and Secondary Ledgers
9.14 Ratings
00 Ratings
Journals and Reconciliations
8.84 Ratings
00 Ratings
Configurable Accounting
8.74 Ratings
00 Ratings
Standardized Processes
9.04 Ratings
00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
IFS Applications
9.0
5 Ratings
12% above category average
Lightspeed Retail
-
Ratings
Inventory tracking
9.15 Ratings
00 Ratings
Automatic reordering
9.45 Ratings
00 Ratings
Location management
9.45 Ratings
00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
IFS Applications
6.1
5 Ratings
26% below category average
Lightspeed Retail
-
Ratings
Pricing
8.85 Ratings
00 Ratings
Order entry
8.35 Ratings
00 Ratings
Credit card processing
8.44 Ratings
00 Ratings
Cost of goods sold
8.05 Ratings
00 Ratings
Order Orchestration
7.64 Ratings
00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
IFS Applications
3.8
4 Ratings
66% below category average
Lightspeed Retail
-
Ratings
Billing Management
8.04 Ratings
00 Ratings
Cash and Asset Management
8.64 Ratings
00 Ratings
Travel & Expense Management
8.64 Ratings
00 Ratings
Budgetary Control & Encumbrance Accounting
7.54 Ratings
00 Ratings
Period Close
9.14 Ratings
00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
IFS Applications
2.7
1 Ratings
95% below category average
Lightspeed Retail
-
Ratings
Budgeting and Forecasting
3.01 Ratings
00 Ratings
Project Costing
6.01 Ratings
00 Ratings
Cost Capture
5.01 Ratings
00 Ratings
Capital Project Management
2.01 Ratings
00 Ratings
Customer Contract Compliance
2.01 Ratings
00 Ratings
Project Revenue Recognition
2.01 Ratings
00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
IFS Applications
3.5
4 Ratings
67% below category average
Lightspeed Retail
-
Ratings
Project Planning and Scheduling
9.64 Ratings
00 Ratings
Task Insight for Project Managers
8.64 Ratings
00 Ratings
Project Mobile Functionality
7.64 Ratings
00 Ratings
Definable Resource Pools
8.44 Ratings
00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
IFS Applications
9.4
2 Ratings
23% above category average
Lightspeed Retail
-
Ratings
Award Lifecycle Management
9.42 Ratings
00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
IFS Applications
3.5
4 Ratings
67% below category average
Lightspeed Retail
-
Ratings
Bids Analyzed and Compared
9.23 Ratings
00 Ratings
Contract Authoring
8.23 Ratings
00 Ratings
Contract Repository
8.23 Ratings
00 Ratings
Requisitions-to-Purchase Orders Integrated
9.34 Ratings
00 Ratings
Supplier Management
9.34 Ratings
00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
IFS Applications
5.0
4 Ratings
29% below category average
Lightspeed Retail
-
Ratings
Risk Repository
8.44 Ratings
00 Ratings
Control Management
8.74 Ratings
00 Ratings
Control Efficiency Assessments
8.44 Ratings
00 Ratings
Issue Detection
7.34 Ratings
00 Ratings
Remediation and Certification
7.84 Ratings
00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
IFS Applications
7.6
4 Ratings
9% above category average
Lightspeed Retail
-
Ratings
Transportation Planning and Optimization
8.22 Ratings
00 Ratings
Transportation Execution Management
8.82 Ratings
00 Ratings
Trade and Customs Management
7.82 Ratings
00 Ratings
Fulfillment Management
7.43 Ratings
00 Ratings
Warehouse Workforce Management
8.44 Ratings
00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
IFS Applications
6.7
4 Ratings
11% below category average
Lightspeed Retail
-
Ratings
Production Process Design
9.13 Ratings
00 Ratings
Production Management
8.84 Ratings
00 Ratings
Configuration Management
8.64 Ratings
00 Ratings
Work Execution
9.14 Ratings
00 Ratings
Manufacturing Costs
9.44 Ratings
00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
IFS Applications
9.0
4 Ratings
21% above category average
Lightspeed Retail
-
Ratings
Forecasting
8.64 Ratings
00 Ratings
Inventory Planning
9.44 Ratings
00 Ratings
Performance Monitoring
9.03 Ratings
00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Order to cash processes and scenario are implemented natively in IFS. An HR module exists for career management also (objectives, comportments, training, mobility) but may be improved in terms of workflow validation (e.g. training to validate by a manager) or reporting.
It is perfect for any small business looking for inventory control, Tracking purchase history, and just an all round easy to use software for retail and beyond. I would not use it if I have only a few hundred items or was a larger company that can afford to build my own POS software.
Lightspeed Retail has great reports that are very easy to read and understand.
Lightspeed Retail is great to train new employees on because of its ease of use. There are not lots of different things that you have to learn just basics.
With a larger SKU assortment size, the software really starts to struggle with doing physical inventory after scanning in a few hundred items.
Several times throughout each year Lightspeed went down on us (not our internet connection but actually Lightspeed verified).
Special order system could use a lot of modern improvements (ability to schedule ahead of time, etc.)
Reports are very basic, and will likely require there Lightspeed Analytics to actually get reports useful for day to day operations.
Weak system for receiving purchase orders.
Does not handle items and cases for reordering very well. Have used multiple Point of Sale systems in the past 10 years that allow to set reorder points based on single items, but reorder the case automatically, Lightspeed has no support for this.
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.
I gave the rating of a 9 because ninety percent of the time when I talk to their support they're very helpful. One of the only real issues I have is there are times where the queue will be 7-9 people deep. When you have an error you don't know how to fix, sometimes this is very troubling. But overall their support is usually quick and friendly.
IFS Applications is based on Agile Technology which allows organizations to reconfigure user interface as per user requirements and make it user-friendly. Other applications are lagging on many fronts like User Interface, Online help document availability, Implementation methodology, and post-implementation expenses.
Lightspeed is faster, sleeker and more modern than our previous POS system. I can’t express enough how easy the online store portion of Lightspeed is - it just intuitive and sometimes, is TOO easy, I feel like I have to be forgetting something. Lightspeed is staying modern and current where our previous POS was not
Reporting is now centralized and managed. Previously, reports were outside the information systems and there was a risk of incoherence.
Accounting controls are now in place on the overall processes, including production, which helped the company to reduce closing periods or to produce more easily official mandatory accounting files yearly.
Interfaces between the CRM forecast tool and IFS helped to keep the tools in sync, and to decrease the processing times prior to production launch.