IFS Applications vs. Synoptix

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
IFS Applications
Score 6.0 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
Synoptix
Score 2.8 out of 10
Mid-Size Companies (51-1,000 employees)
Synoptic provides ERP financial reporting tools and analysis. This solution is designed to deliver real-time data. The vendor’s value proposition is that their solution empowers users to create financial and operational reports with spreadsheet ease of use.N/A
Pricing
IFS ApplicationsSynoptix
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
IFS ApplicationsSynoptix
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeOptional
Additional Details
More Pricing Information
Community Pulse
IFS ApplicationsSynoptix
Top Pros
Top Cons
Features
IFS ApplicationsSynoptix
Payroll Management
Comparison of Payroll Management features of Product A and Product B
IFS Applications
1.0
1 Ratings
151% below category average
Synoptix
-
Ratings
Pay calculation1.01 Ratings00 Ratings
Benefit plan administration1.01 Ratings00 Ratings
Direct deposit files1.01 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
IFS Applications
1.0
2 Ratings
152% below category average
Synoptix
-
Ratings
API for custom integration1.02 Ratings00 Ratings
Plug-ins1.02 Ratings00 Ratings
Security
Comparison of Security features of Product A and Product B
IFS Applications
5.5
2 Ratings
39% below category average
Synoptix
-
Ratings
Single sign-on capability5.02 Ratings00 Ratings
Role-based user permissions6.02 Ratings00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
IFS Applications
1.3
2 Ratings
137% below category average
Synoptix
-
Ratings
Dashboards2.02 Ratings00 Ratings
Standard reports1.02 Ratings00 Ratings
Custom reports1.02 Ratings00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
IFS Applications
6.4
2 Ratings
17% below category average
Synoptix
-
Ratings
Accounts payable8.02 Ratings00 Ratings
Accounts receivable8.02 Ratings00 Ratings
Global Financial Support6.01 Ratings00 Ratings
Primary and Secondary Ledgers6.01 Ratings00 Ratings
Journals and Reconciliations6.01 Ratings00 Ratings
Configurable Accounting3.01 Ratings00 Ratings
Standardized Processes3.01 Ratings00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
IFS Applications
4.3
2 Ratings
59% below category average
Synoptix
-
Ratings
Inventory tracking1.02 Ratings00 Ratings
Automatic reordering7.02 Ratings00 Ratings
Location management1.02 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
IFS Applications
1.0
2 Ratings
154% below category average
Synoptix
-
Ratings
Pricing1.02 Ratings00 Ratings
Order entry1.02 Ratings00 Ratings
Credit card processing1.02 Ratings00 Ratings
Cost of goods sold1.02 Ratings00 Ratings
Order Orchestration1.01 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
IFS Applications
1.0
1 Ratings
152% below category average
Synoptix
-
Ratings
Billing Management1.01 Ratings00 Ratings
Cash and Asset Management1.01 Ratings00 Ratings
Travel & Expense Management1.01 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting1.01 Ratings00 Ratings
Period Close1.01 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
Synoptix
-
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 Product A and Product B
IFS Applications
1.0
1 Ratings
149% below category average
Synoptix
-
Ratings
Project Planning and Scheduling1.01 Ratings00 Ratings
Task Insight for Project Managers1.01 Ratings00 Ratings
Project Mobile Functionality1.01 Ratings00 Ratings
Definable Resource Pools1.01 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
IFS Applications
1.2
1 Ratings
141% below category average
Synoptix
-
Ratings
Bids Analyzed and Compared2.01 Ratings00 Ratings
Contract Authoring1.01 Ratings00 Ratings
Contract Repository1.01 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated1.01 Ratings00 Ratings
Supplier Management1.01 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
IFS Applications
1.0
1 Ratings
147% below category average
Synoptix
-
Ratings
Risk Repository1.01 Ratings00 Ratings
Control Management1.01 Ratings00 Ratings
Control Efficiency Assessments1.01 Ratings00 Ratings
Issue Detection1.01 Ratings00 Ratings
Remediation and Certification1.01 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
IFS Applications
5.0
1 Ratings
31% below category average
Synoptix
-
Ratings
Fulfillment Management5.01 Ratings00 Ratings
Warehouse Workforce Management5.01 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
IFS Applications
1.0
1 Ratings
153% below category average
Synoptix
-
Ratings
Production Management1.01 Ratings00 Ratings
Configuration Management1.01 Ratings00 Ratings
Work Execution1.01 Ratings00 Ratings
Manufacturing Costs1.01 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
IFS Applications
5.0
1 Ratings
37% below category average
Synoptix
-
Ratings
Forecasting5.01 Ratings00 Ratings
Inventory Planning5.01 Ratings00 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
IFS Applications
-
Ratings
Synoptix
7.7
1 Ratings
6% below category average
Publish to Web00 Ratings8.01 Ratings
Publish to PDF00 Ratings8.01 Ratings
Report Delivery Scheduling00 Ratings7.01 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
IFS Applications
-
Ratings
Synoptix
6.0
1 Ratings
37% below category average
Multi-User Support (named login)00 Ratings7.01 Ratings
Role-Based Security Model00 Ratings8.01 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings8.01 Ratings
Single Sign-On (SSO)00 Ratings1.01 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
IFS Applications
-
Ratings
Synoptix
1.0
1 Ratings
155% below category average
Responsive Design for Web Access00 Ratings1.01 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
IFS Applications
-
Ratings
Synoptix
6.0
1 Ratings
32% below category average
Long-term financial planning00 Ratings5.01 Ratings
Financial budgeting00 Ratings5.01 Ratings
Management reporting00 Ratings8.01 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
IFS Applications
-
Ratings
Synoptix
7.0
1 Ratings
13% below category average
Financial data consolidation00 Ratings7.01 Ratings
Minority Ownership00 Ratings7.01 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
IFS Applications
-
Ratings
Synoptix
6.8
1 Ratings
19% below category average
Financial Statement Reporting00 Ratings7.01 Ratings
Management Reporting00 Ratings7.01 Ratings
Excel-based Reporting00 Ratings7.01 Ratings
Automated board and financial reporting00 Ratings6.01 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
IFS Applications
-
Ratings
Synoptix
3.0
1 Ratings
91% below category average
Personalized dashboards00 Ratings3.01 Ratings
Integration
Comparison of Integration features of Product A and Product B
IFS Applications
-
Ratings
Synoptix
3.0
1 Ratings
94% below category average
Direct links to 3rd-party data sources00 Ratings3.01 Ratings
Best Alternatives
IFS ApplicationsSynoptix
Small Businesses
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Score 8.7 out of 10
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IBM Planning Analytics
Score 8.3 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 7.2 out of 10
Centage
Centage
Score 9.6 out of 10
Enterprises
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.1 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
IFS ApplicationsSynoptix
Likelihood to Recommend
2.0
(2 ratings)
2.2
(12 ratings)
Usability
1.0
(1 ratings)
-
(0 ratings)
Support Rating
1.0
(1 ratings)
1.0
(1 ratings)
User Testimonials
IFS ApplicationsSynoptix
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
Synoptix
It is excellent if set up well, and users are well trained on how to use it as it is not very user-friendly. But to achieve that, you have to go through the hell of a setup. Support is not knowledgeable in some areas of the software, it is tough to set up and install, and when presented by salespeople, it is all great, but you need to invest a lot to pay it off.
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Pros
IFS
  • Accounting
  • Finance
  • Complex Inventory
Read full review
Synoptix
  • Easy report building interface with an query interface that allows financial users the ability to conduct complex queries without difficulty.
  • The ability to create reporting that allows us to review in-depth financial review by drilling down into accounts to find transnational data easily.
  • Easily maintained and monitored with simple upgrade installations and end point installation.
  • Great knowledge base for review and trouble-shooting.
  • Highly knowledgeable and easy to work with staff.
Read full review
Cons
IFS
  • The speed of bug fixes should be improved by the IFS after sales teams. We saw the difference of responsiveness prior to Go Live and after Go Live, with a change of teams. IFS France is working on that point, and strategically wants to innovate by acting now with two other third-party companies in early 2017, to improve the after sales experience for customers.
  • There is no license model between the full licenses, which gives access to all IFS features, and the light licenses, to get access to a specific module like expense sheet. As a consequence, you must acquire a full access license for one team working only with a dedicated module (e.g. general ledger). Maybe an intermediate type license would be welcome to balance the budget. IFS tries to make prices competitive but you have to consider full upgrades of the product too, where requiring full licenses can be hard on the budget.
  • When you have an Active Directory ecosystem with a trust relationship, users from domain B can't natively access IFS, even if AD sync is in place with domain A. It's important to improve that functionality because many companies have a merge and acquisition context, with SOX constraints sometimes, and avoiding maintaining contacts or local accounts simplifies SOX compliance, or to management of accounts within the company.
Read full review
Synoptix
  • It has a poor install procedure which is not standard. It almost requires copying folders from an existing computer to the new install.
  • The update process is less than desirable. It seems like Compusoft needs to do a better job of testing before releasing updates.
  • The interface is a bit archaic. It looks more like a program from 20 years ago than one used today.
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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
Synoptix
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.
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Synoptix
Support does not know much about software solutions. As an example, I have struggled for weeks just to set up LDAP that should be fairly simple.
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Alternatives Considered
IFS
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
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Synoptix
Prior to Synoptix we were using the reporting tool that comes with our ERP system. It lacked the drilldown and comparability functions that make Synoptix the top pick. Further, designing reports and maintaining reports was very labor intensive
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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.
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Synoptix
  • As a reporting tool it has allowed us to make fact based decisions. We have a significant annual cost with relation to our legacy system and Synoptix provides us with the best tool to mine the data that resides in our legacy system.
Read full review
ScreenShots

IFS Applications Screenshots

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