Overview
ProductRatingMost Used ByProduct SummaryStarting Price
IFS Applications
Score 7.6 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
Lightspeed Retail
Score 9.1 out of 10
N/A
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.N/A
TranZact
Score 0.0 out of 10
N/A
TranZact is a cloud-based software that digitizes the business process for SMEs from customer inquiry to sales, to dispatch. The software offers users the tools to keep an eye on all their conversions and payment notifications as well as track all their purchases and stock movements from one platform. Tranzact helps its customers managing their core Business Activities like Purchase, Sales, Quotations, Inventory Management, Material Resource Planning (MRP),…
$0
Pricing
IFS ApplicationsLightspeed RetailTranZact
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
Lifetime Free
$0
Advanced
$212
per year
Ultimate
Custom
Offerings
Pricing Offerings
IFS ApplicationsLightspeed RetailTranZact
Free Trial
NoNoYes
Free/Freemium Version
NoNoYes
Premium Consulting/Integration Services
NoNoNo
Entry-level Setup FeeNo setup feeNo setup fee$63 one-time fee
Additional Details
More Pricing Information
Community Pulse
IFS ApplicationsLightspeed RetailTranZact
Features
IFS ApplicationsLightspeed RetailTranZact
Payroll Management
Comparison of Payroll Management features of Product A and Product B
IFS Applications
4.4
3 Ratings
50% below category average
Lightspeed Retail
-
Ratings
TranZact
-
Ratings
Pay calculation7.43 Ratings00 Ratings00 Ratings
Benefit plan administration6.93 Ratings00 Ratings00 Ratings
Direct deposit files5.93 Ratings00 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
IFS Applications
8.7
5 Ratings
16% above category average
Lightspeed Retail
-
Ratings
TranZact
-
Ratings
API for custom integration8.75 Ratings00 Ratings00 Ratings
Plug-ins8.75 Ratings00 Ratings00 Ratings
Security
Comparison of Security features of Product A and Product B
IFS Applications
9.8
5 Ratings
16% above category average
Lightspeed Retail
-
Ratings
TranZact
-
Ratings
Single sign-on capability10.05 Ratings00 Ratings00 Ratings
Role-based user permissions9.75 Ratings00 Ratings00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
IFS Applications
8.6
5 Ratings
16% above category average
Lightspeed Retail
-
Ratings
TranZact
-
Ratings
Dashboards8.25 Ratings00 Ratings00 Ratings
Standard reports8.15 Ratings00 Ratings00 Ratings
Custom reports9.45 Ratings00 Ratings00 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
2% below category average
Lightspeed Retail
-
Ratings
TranZact
-
Ratings
Accounts payable9.45 Ratings00 Ratings00 Ratings
Accounts receivable9.45 Ratings00 Ratings00 Ratings
Global Financial Support9.04 Ratings00 Ratings00 Ratings
Primary and Secondary Ledgers9.14 Ratings00 Ratings00 Ratings
Journals and Reconciliations8.84 Ratings00 Ratings00 Ratings
Configurable Accounting8.74 Ratings00 Ratings00 Ratings
Standardized Processes9.04 Ratings00 Ratings00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
IFS Applications
9.0
5 Ratings
13% above category average
Lightspeed Retail
-
Ratings
TranZact
-
Ratings
Inventory tracking9.15 Ratings00 Ratings00 Ratings
Automatic reordering9.45 Ratings00 Ratings00 Ratings
Location management9.45 Ratings00 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
IFS Applications
6.1
5 Ratings
25% below category average
Lightspeed Retail
-
Ratings
TranZact
-
Ratings
Pricing8.85 Ratings00 Ratings00 Ratings
Order entry8.35 Ratings00 Ratings00 Ratings
Credit card processing8.34 Ratings00 Ratings00 Ratings
Cost of goods sold7.95 Ratings00 Ratings00 Ratings
Order Orchestration7.54 Ratings00 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
IFS Applications
3.8
4 Ratings
65% below category average
Lightspeed Retail
-
Ratings
TranZact
-
Ratings
Billing Management7.94 Ratings00 Ratings00 Ratings
Cash and Asset Management8.54 Ratings00 Ratings00 Ratings
Travel & Expense Management8.54 Ratings00 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting7.54 Ratings00 Ratings00 Ratings
Period Close9.14 Ratings00 Ratings00 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
TranZact
-
Ratings
Budgeting and Forecasting3.01 Ratings00 Ratings00 Ratings
Project Costing6.01 Ratings00 Ratings00 Ratings
Cost Capture5.01 Ratings00 Ratings00 Ratings
Capital Project Management2.01 Ratings00 Ratings00 Ratings
Customer Contract Compliance2.01 Ratings00 Ratings00 Ratings
Project Revenue Recognition2.01 Ratings00 Ratings00 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
TranZact
-
Ratings
Project Planning and Scheduling9.64 Ratings00 Ratings00 Ratings
Task Insight for Project Managers8.64 Ratings00 Ratings00 Ratings
Project Mobile Functionality7.64 Ratings00 Ratings00 Ratings
Definable Resource Pools8.44 Ratings00 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
IFS Applications
9.4
2 Ratings
24% above category average
Lightspeed Retail
-
Ratings
TranZact
-
Ratings
Award Lifecycle Management9.42 Ratings00 Ratings00 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
TranZact
-
Ratings
Bids Analyzed and Compared9.13 Ratings00 Ratings00 Ratings
Contract Authoring8.13 Ratings00 Ratings00 Ratings
Contract Repository8.13 Ratings00 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated9.34 Ratings00 Ratings00 Ratings
Supplier Management9.34 Ratings00 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
IFS Applications
4.9
4 Ratings
30% below category average
Lightspeed Retail
-
Ratings
TranZact
-
Ratings
Risk Repository8.44 Ratings00 Ratings00 Ratings
Control Management8.74 Ratings00 Ratings00 Ratings
Control Efficiency Assessments8.44 Ratings00 Ratings00 Ratings
Issue Detection7.24 Ratings00 Ratings00 Ratings
Remediation and Certification7.84 Ratings00 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
IFS Applications
7.5
4 Ratings
9% above category average
Lightspeed Retail
-
Ratings
TranZact
-
Ratings
Transportation Planning and Optimization8.12 Ratings00 Ratings00 Ratings
Transportation Execution Management8.72 Ratings00 Ratings00 Ratings
Trade and Customs Management7.72 Ratings00 Ratings00 Ratings
Fulfillment Management7.33 Ratings00 Ratings00 Ratings
Warehouse Workforce Management8.44 Ratings00 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
IFS Applications
6.7
4 Ratings
10% below category average
Lightspeed Retail
-
Ratings
TranZact
-
Ratings
Production Process Design9.13 Ratings00 Ratings00 Ratings
Production Management8.84 Ratings00 Ratings00 Ratings
Configuration Management8.54 Ratings00 Ratings00 Ratings
Work Execution9.14 Ratings00 Ratings00 Ratings
Manufacturing Costs9.44 Ratings00 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
IFS Applications
9.0
4 Ratings
23% above category average
Lightspeed Retail
-
Ratings
TranZact
-
Ratings
Forecasting8.54 Ratings00 Ratings00 Ratings
Inventory Planning9.44 Ratings00 Ratings00 Ratings
Performance Monitoring9.03 Ratings00 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
IFS Applications
4.7
4 Ratings
43% below category average
Lightspeed Retail
-
Ratings
TranZact
-
Ratings
Proposal Management8.13 Ratings00 Ratings00 Ratings
Product Master Data Management8.53 Ratings00 Ratings00 Ratings
Best Alternatives
IFS ApplicationsLightspeed RetailTranZact
Small Businesses
Zoho One
Zoho One
Score 9.3 out of 10
Square POS
Square POS
Score 9.1 out of 10
Webgility
Webgility
Score 9.6 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 7.4 out of 10
Epicor Eagle
Epicor Eagle
Score 7.9 out of 10
SAP Cloud ERP
SAP Cloud ERP
Score 8.6 out of 10
Enterprises
24SevenOffice
24SevenOffice
Score 9.0 out of 10

No answers on this topic

SAP Cloud ERP
SAP Cloud ERP
Score 8.6 out of 10
All AlternativesView all alternativesView all alternativesView all alternatives
User Ratings
IFS ApplicationsLightspeed RetailTranZact
Likelihood to Recommend
8.4
(5 ratings)
7.7
(13 ratings)
-
(0 ratings)
Usability
8.4
(4 ratings)
10.0
(1 ratings)
-
(0 ratings)
Support Rating
1.0
(1 ratings)
9.8
(4 ratings)
-
(0 ratings)
User Testimonials
IFS ApplicationsLightspeed RetailTranZact
Likelihood to Recommend
IFS
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.
Read full review
Lightspeed
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.
Read full review
FCB Technologies Ltd.
No answers on this topic
Pros
IFS
  • It supports the web version in most later versions.
  • It provides various mobile versions of the applications as mobile apps to cater various areas.
  • IFS Applications allows easy configurations of the application without going for costly customization.
  • It covers almost every areas of an industrial company so any other third party applications are minimum.
  • It allows safer and easier built-in options for integrations capabilities.
Read full review
Lightspeed
  • 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.
Read full review
FCB Technologies Ltd.
No answers on this topic
Cons
IFS
  • Handling massive volumes of data can be improved.
Read full review
Lightspeed
  • 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.
Read full review
FCB Technologies Ltd.
No answers on this topic
Usability
IFS
The system is very difficult to use, overly complex, and difficult to learn. It also has limitations that are hard to overcome.
Read full review
Lightspeed
Simply well designed with obvious icons per component, making it easy to interface with.
Read full review
FCB Technologies Ltd.
No answers on this topic
Support Rating
IFS
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.
Read full review
Lightspeed
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.
Read full review
FCB Technologies Ltd.
No answers on this topic
Alternatives Considered
IFS
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.
Read full review
Lightspeed
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
Read full review
FCB Technologies Ltd.
No answers on this topic
Return on Investment
IFS
  • 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.
Read full review
Lightspeed
  • Certainly has saved money on cash-outs/ accounting due to QuickBooks integration.
  • Faster processing through tills means happier customers and more sales per hour.
  • Expensive product at $5K a year has taken away some profitability for this small business. It's way, way over priced.
Read full review
FCB Technologies Ltd.
No answers on this topic
ScreenShots

IFS Applications Screenshots

Screenshot of Screenshot of Screenshot of Screenshot of Screenshot of

TranZact Screenshots

Screenshot of Your all-in-one dashboard on the cloud.
✓ Track overall health of your business in real-time
✓ Keep an eye on your quotation to order conversion
✓ Get timely payment by automated notifications and remindersScreenshot of Track all your Purchase and Sales Transactions
✓ Get a timeline view of every activity in sales and purchase transactions
✓ Post comments real-time and tag your team members for better collaboration
✓ Faster documentation and proactive tracking always keeps you ahead of deadlinesScreenshot of Complete visibility of your stock movement
✓ Quickly glance at available stock while receiving new order
✓ Prevent shortage of critical raw material
✓ Use barcode to achieve end-to-end item tracing