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IFS Applications vs. M3 Accounting Core Software

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IFS Applications

40 Reviews and Ratings

M3 Accounting Core Software

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    IFS Applications

    Score7.6 out of 10
    		N/AIFS 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

    M3 Accounting Core Software

    		N/AN/AAs the flagship product and the entry point to the M3 platform, the cloud-based Accounting Core provides a set of modules that streamline accounting functions for hoteliers. M3 can be used by hotel owners, management teams, and general managers access to an accurate snapshot across multiple properties improving efficiency and visibility to drive hotel financial performance.N/A
    Pricing
    IFS ApplicationsM3 Accounting Core Software
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    IFS ApplicationsM3 Accounting Core Software
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details——
    More Pricing Information
    Features
    IFS ApplicationsM3 Accounting Core Software
    Payroll Management
    Comparison of Payroll Management features of IFS Applications and M3 Accounting Core Software
    Feature
    IFS Applications
    4.8
    3 Ratings
    44% below category average
    M3 Accounting Core Software
    -
    Ratings
    Pay calculation8.03 Ratings00 Ratings
    Benefit plan administration7.43 Ratings00 Ratings
    Direct deposit files6.43 Ratings00 Ratings
    Customization
    Comparison of Customization features of IFS Applications and M3 Accounting Core Software
    Feature
    IFS Applications
    8.7
    5 Ratings
    15% above category average
    M3 Accounting Core Software
    -
    Ratings
    API for custom integration8.75 Ratings00 Ratings
    Plug-ins8.75 Ratings00 Ratings
    Security
    Comparison of Security features of IFS Applications and M3 Accounting Core Software
    Feature
    IFS Applications
    9.9
    5 Ratings
    16% above category average
    M3 Accounting Core Software
    -
    Ratings
    Single sign-on capability10.05 Ratings00 Ratings
    Role-based user permissions9.85 Ratings00 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of IFS Applications and M3 Accounting Core Software
    Feature
    IFS Applications
    8.8
    5 Ratings
    16% above category average
    M3 Accounting Core Software
    -
    Ratings
    Dashboards8.55 Ratings00 Ratings
    Standard reports8.35 Ratings00 Ratings
    Custom reports9.55 Ratings00 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of IFS Applications and M3 Accounting Core Software
    Feature
    IFS Applications
    7.5
    5 Ratings
    3% below category average
    M3 Accounting Core Software
    -
    Ratings
    Accounts payable9.55 Ratings00 Ratings
    Accounts receivable9.55 Ratings00 Ratings
    Global Financial Support9.04 Ratings00 Ratings
    Primary and Secondary Ledgers9.34 Ratings00 Ratings
    Journals and Reconciliations9.04 Ratings00 Ratings
    Configurable Accounting8.84 Ratings00 Ratings
    Standardized Processes9.04 Ratings00 Ratings
    Inventory Management
    Comparison of Inventory Management features of IFS Applications and M3 Accounting Core Software
    Feature
    IFS Applications
    9.1
    5 Ratings
    13% above category average
    M3 Accounting Core Software
    -
    Ratings
    Inventory tracking9.35 Ratings00 Ratings
    Automatic reordering9.55 Ratings00 Ratings
    Location management9.55 Ratings00 Ratings
    Order Management
    Comparison of Order Management features of IFS Applications and M3 Accounting Core Software
    Feature
    IFS Applications
    6.3
    5 Ratings
    23% below category average
    M3 Accounting Core Software
    -
    Ratings
    Pricing9.05 Ratings00 Ratings
    Order entry8.25 Ratings00 Ratings
    Credit card processing8.74 Ratings00 Ratings
    Cost of goods sold8.35 Ratings00 Ratings
    Order Orchestration7.84 Ratings00 Ratings
    Subledger and Financial Process
    Comparison of Subledger and Financial Process features of IFS Applications and M3 Accounting Core Software
    Feature
    IFS Applications
    3.9
    4 Ratings
    64% below category average
    M3 Accounting Core Software
    -
    Ratings
    Billing Management8.34 Ratings00 Ratings
    Cash and Asset Management8.84 Ratings00 Ratings
    Travel & Expense Management8.84 Ratings00 Ratings
    Budgetary Control & Encumbrance Accounting7.84 Ratings00 Ratings
    Period Close9.34 Ratings00 Ratings
    Project Financial Management
    Comparison of Project Financial Management features of IFS Applications and M3 Accounting Core Software
    Feature
    IFS Applications
    2.7
    1 Ratings
    95% below category average
    M3 Accounting Core Software
    -
    Ratings
    Budgeting and Forecasting3.01 Ratings00 Ratings
    Project Costing6.01 Ratings00 Ratings
    Cost Capture5.01 Ratings00 Ratings
    Capital Project Management2.01 Ratings00 Ratings
    Customer Contract Compliance2.01 Ratings00 Ratings
    Project Revenue Recognition2.01 Ratings00 Ratings
    Project Execution Management
    Comparison of Project Execution Management features of IFS Applications and M3 Accounting Core Software
    Feature
    IFS Applications
    3.5
    4 Ratings
    67% below category average
    M3 Accounting Core Software
    -
    Ratings
    Project Planning and Scheduling9.54 Ratings00 Ratings
    Task Insight for Project Managers8.54 Ratings00 Ratings
    Project Mobile Functionality7.54 Ratings00 Ratings
    Definable Resource Pools8.54 Ratings00 Ratings
    Grants Management
    Comparison of Grants Management features of IFS Applications and M3 Accounting Core Software
    Feature
    IFS Applications
    9.3
    2 Ratings
    23% above category average
    M3 Accounting Core Software
    -
    Ratings
    Award Lifecycle Management9.32 Ratings00 Ratings
    Procurement
    Comparison of Procurement features of IFS Applications and M3 Accounting Core Software
    Feature
    IFS Applications
    3.5
    4 Ratings
    68% below category average
    M3 Accounting Core Software
    -
    Ratings
    Bids Analyzed and Compared9.33 Ratings00 Ratings
    Contract Authoring8.33 Ratings00 Ratings
    Contract Repository8.33 Ratings00 Ratings
    Requisitions-to-Purchase Orders Integrated9.24 Ratings00 Ratings
    Supplier Management9.24 Ratings00 Ratings
    Risk Management
    Comparison of Risk Management features of IFS Applications and M3 Accounting Core Software
    Feature
    IFS Applications
    5.0
    4 Ratings
    30% below category average
    M3 Accounting Core Software
    -
    Ratings
    Risk Repository8.54 Ratings00 Ratings
    Control Management8.74 Ratings00 Ratings
    Control Efficiency Assessments8.54 Ratings00 Ratings
    Issue Detection7.54 Ratings00 Ratings
    Remediation and Certification8.04 Ratings00 Ratings
    Logistics
    Comparison of Logistics features of IFS Applications and M3 Accounting Core Software
    Feature
    IFS Applications
    7.8
    4 Ratings
    11% above category average
    M3 Accounting Core Software
    -
    Ratings
    Transportation Planning and Optimization8.32 Ratings00 Ratings
    Transportation Execution Management9.02 Ratings00 Ratings
    Trade and Customs Management8.02 Ratings00 Ratings
    Fulfillment Management7.73 Ratings00 Ratings
    Warehouse Workforce Management8.54 Ratings00 Ratings
    Manufacturing
    Comparison of Manufacturing features of IFS Applications and M3 Accounting Core Software
    Feature
    IFS Applications
    6.8
    4 Ratings
    10% below category average
    M3 Accounting Core Software
    -
    Ratings
    Production Process Design9.33 Ratings00 Ratings
    Production Management9.04 Ratings00 Ratings
    Configuration Management8.84 Ratings00 Ratings
    Work Execution9.34 Ratings00 Ratings
    Manufacturing Costs9.54 Ratings00 Ratings
    Supply Chain
    Comparison of Supply Chain features of IFS Applications and M3 Accounting Core Software
    Feature
    IFS Applications
    9.1
    4 Ratings
    21% above category average
    M3 Accounting Core Software
    -
    Ratings
    Forecasting8.84 Ratings00 Ratings
    Inventory Planning9.54 Ratings00 Ratings
    Performance Monitoring9.03 Ratings00 Ratings
    Product Lifecycle Management
    Comparison of Product Lifecycle Management features of IFS Applications and M3 Accounting Core Software
    Feature
    IFS Applications
    4.8
    4 Ratings
    42% below category average
    M3 Accounting Core Software
    -
    Ratings
    Proposal Management8.33 Ratings00 Ratings
    Product Master Data Management8.83 Ratings00 Ratings
    Best Alternatives
    IFS ApplicationsM3 Accounting Core Software
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    Zoho One
    Score9.1 out of 10
    QuickBooks Self-Employed (discontinued)
    Score4.1 out of 10
    Medium-sized Companies
    Zoho One
    Score9.1 out of 10
    MYOB
    Score8.3 out of 10
    Enterprises
    Microsoft Dynamics AX (discontinued)
    Score4.8 out of 10
    Microsoft Dynamics GP
    Score5.4 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    IFS ApplicationsM3 Accounting Core Software
    Likelihood to Recommend
    8.5
    (5 ratings)
    -
    (0 ratings)
    Usability
    8.5
    (4 ratings)
    -
    (0 ratings)
    Support Rating
    1.0
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    IFS ApplicationsM3 Accounting Core Software
    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.
    Incentivized
    Verified User
    Read full review
    M3, LLC
    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.
    Incentivized
    Thushitha A. Chandrasiri
    Lead ERP Consultant
    Read full review
    M3, LLC
    No answers on this topic
    Cons
    IFS
    • Handling massive volumes of data can be improved.
    Incentivized
    Verified User
    Read full review
    M3, LLC
    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.
    Verified User
    Read full review
    M3, LLC
    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.
    Verified User
    Read full review
    M3, LLC
    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.
    Verified User
    Read full review
    M3, LLC
    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.
    Incentivized
    Verified User
    Read full review
    M3, LLC
    No answers on this topic
    ScreenShots

    IFS Applications Screenshots

    Product screenshotProduct screenshotProduct screenshotProduct screenshotProduct screenshot