IFS Applications vs. Unit4 Financials

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
Unit4 Financials
Score 5.5 out of 10
N/A
N/AN/A
Pricing
IFS ApplicationsUnit4 Financials
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
IFS ApplicationsUnit4 Financials
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
Community Pulse
IFS ApplicationsUnit4 Financials
Top Pros
Top Cons

No answers on this topic

Features
IFS ApplicationsUnit4 Financials
Payroll Management
Comparison of Payroll Management features of Product A and Product B
IFS Applications
1.0
1 Ratings
151% below category average
Unit4 Financials
-
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
Unit4 Financials
-
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
Unit4 Financials
9.0
1 Ratings
12% above category average
Single sign-on capability5.02 Ratings9.01 Ratings
Role-based user permissions6.02 Ratings9.01 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
IFS Applications
1.3
2 Ratings
137% below category average
Unit4 Financials
5.3
1 Ratings
35% below category average
Dashboards2.02 Ratings1.01 Ratings
Standard reports1.02 Ratings7.01 Ratings
Custom reports1.02 Ratings8.01 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
Unit4 Financials
8.1
1 Ratings
9% above category average
Accounts payable8.02 Ratings9.01 Ratings
Accounts receivable8.02 Ratings9.01 Ratings
Global Financial Support6.01 Ratings00 Ratings
Primary and Secondary Ledgers6.01 Ratings00 Ratings
Journals and Reconciliations6.01 Ratings8.01 Ratings
Configurable Accounting3.01 Ratings00 Ratings
Standardized Processes3.01 Ratings8.01 Ratings
Cash management00 Ratings8.01 Ratings
Expense management00 Ratings8.01 Ratings
Multi-division support00 Ratings8.01 Ratings
Intercompany Accounting00 Ratings7.01 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
IFS Applications
4.3
2 Ratings
59% below category average
Unit4 Financials
8.0
1 Ratings
13% above category average
Inventory tracking1.02 Ratings8.01 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
Unit4 Financials
-
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
Unit4 Financials
-
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
Unit4 Financials
-
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
Unit4 Financials
-
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
Unit4 Financials
-
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
Unit4 Financials
-
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
Unit4 Financials
-
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
Unit4 Financials
-
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
Unit4 Financials
-
Ratings
Forecasting5.01 Ratings00 Ratings
Inventory Planning5.01 Ratings00 Ratings
Best Alternatives
IFS ApplicationsUnit4 Financials
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Score 8.7 out of 10
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Score 9.1 out of 10
Medium-sized Companies
Infor VISUAL
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Score 7.2 out of 10
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Enterprises
SAP Business ByDesign
SAP Business ByDesign
Score 7.5 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.1 out of 10
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User Ratings
IFS ApplicationsUnit4 Financials
Likelihood to Recommend
2.0
(2 ratings)
9.0
(1 ratings)
Usability
1.0
(1 ratings)
-
(0 ratings)
Support Rating
1.0
(1 ratings)
-
(0 ratings)
User Testimonials
IFS ApplicationsUnit4 Financials
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.
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Unit4
This would work well for the back side of accounting...meaning after the invoice was created. If you need software to create invoices, this may not be the software for you (or at least you would have to do additional research on its capability). Other than that, it takes care of the majority of our needs.
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Pros
IFS
  • Accounting
  • Finance
  • Complex Inventory
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Unit4
  • It is easy to move around in if set up properly.
  • You can changes background colors to your choice.
  • It is customizable (you can create home pages specific to the user).
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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.
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Unit4
  • There is a lot of "building" when first starting up with the software.
  • Some of the data you cannot pull unless you have sequel knowledge, although capabilities are getting better.
  • There is not a good operating statement report option.
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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.
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Unit4
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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Unit4
No answers on this topic
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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Unit4
Unit4 Financials is definitely much more robust than Peachtree or other software. I've also used SAP in the past and this seems to have many more capabilities.
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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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Unit4
  • Because of the lack of operating statement reports, we've had to spend additional funds to use another system.
  • It does show data in real time, so no waiting for batches to update overnight.
  • You can do a lot of customizing to meet your own needs.
Read full review
ScreenShots

IFS Applications Screenshots

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