Manufacturing
IFS Cloud Manufacturing Module is a set of functionalities that support all stages of a manufacturing process for all workers, and make it easier to plan, execute, monitor and analyze various kinds of manufacturing.
ERP manufacturing module supports lean principles and mixed-mode manufacturing, where different types of processing like discrete, repetitive and batch co-exist in the same production. IFS Cloud covers also sustainability management - solution that provides comprehensive support for all stages of a product's lifecycle, from the whole supply chain to the use phase and disposal, using existing data to generate material and environmental declarations and serving as a basis for environmental reporting according to the Global Reporting Initiative, as well as meeting various compliance requirements, such as Reach, RoHS or WEEE and ECO-labeling.
Service Management
IFS Cloud Service Management Module is a solution that helps you plan and forecast your service demand, manage your calls and cases, handle your contracts and warranties, optimize your schedule and dispatch, control your service orders, improve your mobile worker productivity, manage your service logistics and collaborate with your contractors. It enables you to deliver high-quality service to your customers, increase your efficiency and profitability, and adapt to changing market conditions. Schedule optimization & dispatch boosts the productivity of your field workers and enhances customer satisfaction. The real-time scheduling allows your workers to react fast to dynamic customer needs.
The AI-powered optimization and dispatch helps you cut down travel time and increase first time fix rates and SLA hit rates for your service business.
Assets Management
IFS Cloud Assets Management Module is a solution that helps you plan and realize your assets, operate and maintain them, manage their performance, plan your maintenance activities, contract with your B2B partners, integrate with GIS systems.
It enables you to optimize your asset lifecycle, reduce costs and risks, improve reliability and availability, and comply with regulations.
It offers also document management, a solution that enables you to manage all your documents across your organization, from creation to development, with workflow, templates, version control and release management. This ERP module also provides you with strong access control to your documents and integration with other business objects in the application.
Supply Chain Management
IFS Cloud Supply Chain Management Module is a solution that follows four fundamental principles: simplicity, flexibility, adaptability and openness. It allows you to visualize product flows and use the system easily, adjust to different models and ways of working, grow and support change, and communicate with other members and systems in the order-to-delivery chain.
It covers demand forecasting, supply chain planning, warehouse management, inventory replenishment, sales order, shipment management and rental management.
Demand forecasting IFS Cloud Supply Chain Management Module offers a highly graphical and intuitive interface, a comprehensive set of forecasting models, various methods to measure forecast errors, seasonal, campaign, event and periodic profiles, built-in forecast collaboration and short-term forecasting that considers weather predictions.
Procurement
IFS Cloud Procurement Module is a solution that helps organizations manage the entire process of buying goods and services, from finding the best suppliers to paying them. It gives you all the tools you need to understand your company’s needs, create contracts, follow them and avoid spending outside of them. This helps you to build strong relationships with your suppliers, get more value, lower costs and increase profits.
ERP Procurement Module allows you to create and organize procurement categories, manage both direct and indirect spending and apply categorization rules.
Finance
The IFS Cloud Finance module is a comprehensive solution for managing the financial aspects of a every, even global business.
It allows users to define and apply accounting rules for different transactions, maintain a general ledger with parallel accounting capabilities, and manage fixed assets, accounts payable and receivable, and e-invoicing.
The ERP software module also supports project finance, cash planning, consolidation, financial reporting and analysis, enabling users to have full control and visibility of their financial performance and operations. IFS Cloud also seamlessly works with world-class contemporary tools - Microsoft Excel and Power BI.
Projects
The IFS Cloud Projects Module is a comprehensive solution for managing various aspects of project-based businesses. This project management ERP module also covers the entire project lifecycle, from engineering and design, sales and subcontract, contract change management, project planning and follow up, resource management, project manufacturing, construction and installation, to project financial control, project reporting and invoicing, and risk management.
The ERP costing module supports different project delivery methods, such as fixed price, time and material, cost plus, target cost and allows you to manage your project budgets and forecasts, track your committed and actual costs, calculate your estimate to complete (ETC) and estimate at completion (EAC), measure your earned value.
Human Capital Management
The IFS Cloud human capital management module is a complete solution for managing the human resources of any organization.
It enables users to handle employee and organization management, recruitment, qualifications, development and training, health and safety issues, expense management, time and attendance, employee and manager self-service.
The ERP HR module implementation helps users optimize their workforce, enhance employee engagement, and comply with local and international regulations. It also allows IFS customers to easily connect the IFS HCM solution with their preferred payroll system or use standard integrations with IFS-chosen global payroll partners.
Commerce
IFS Cloud is a modern and flexible solution that helps businesses increase their sales and manage their customer relationships online.
With Cloud ERP solutions, businesses can create and customize product catalogs, set up trade agreements, provide a seamless and personalized buying experience for customers through IFS storefront, which allows them to place and track orders, respond to quotations, and access product information or integrate with third-party storefront solutions using IFS storefront connectors, which offer secure and cost-effective APIs for various commerce functions.
CRM – Customer Relationship Management
IFS Cloud CRM helps businesses to manage their sales cycle from lead generation to closing deals. The ERP CRM module features enable businesses to keep track of potential and existing customers, follow up on sales opportunities, communicate with contacts across multiple channels, and run effective marketing campaigns.
IFS Cloud offers many automatizations, for example: uses artificial intelligence to automatically prioritize sales leads.
Aviation Maintenance
IFS Cloud Aviation Maintenance Module is a solution that helps you plan, manage and execute your aviation maintenance activities across multiple horizons, from short-term to long-term.
It enables you to manage your fleet and assets, perform line and forward maintenance, heavy and depot maintenance, airframe and complex assembly and component maintenance repair and overhaul.
It also supports disconnected operations, technical content management, aviation material support, quality, reliability and compliance.
IFS CLOUD CUSTOMERS :
List of customers using IFS Cloud obtained from official IFS promotional materials (IFS Cloud).
TECHNICAL highlights:
Excel integration for a seamless operation in a familiar environment
IFS Cloud offers Excel Add-in allows users to import and export data from and to IFS Cloud using Microsoft Excel. Users can use the Excel Add-in to perform data migration, data validation, data analysis and data reporting tasks.
The Excel Add-in is a Microsoft Office Add-in that can be installed and configured in different ways, depending on the user’s preferences and permissions. The Excel Add-in supports different versions of Excel, and works across different devices and platforms. The Excel Add-in follows the same authentication and security standards as IFS Cloud Web.
Document management for paperless workflows and digital transformation
Create, edit, and manage documents across the organization. IFS Cloud document management provides features such as workflow, templates, version control, release management, and access control.
The module integrates with other business objects in the application to ensure consistency and accuracy of information. It also enables users to handle the entire lifecycle of documents with ease and efficiency.
Record the history of document changes and actions and allow users to access and modify documents according to their roles and permissions. End-to-end document management in IFS cloud helps users to create, store, access, and manage documents from any device and location.
Modern user interface for easy navigation and beautiful design
IFS Cloud delivers delightful experiences, with responsive, people-first design, and provides you with the IFS Lifecycle Experience and portals that support how you buy, implement, operate and extend every step of the way. You can also access your data and applications from any device, anywhere, anytime.
Power BI integration for stunning visualizations and powerful insights
Power BI is a powerful and popular tool for data visualization and analysis, which helps users to explore and understand their data in various ways. Power BI integration with IFS Cloud allows users to connect to IFS Cloud data sources, use pre-packaged analysis models and report templates, create and edit reports and dashboards in Power BI Desktop or Power BI Service, publish and share the reports and dashboards with other users, embed the reports and dashboards in IFS Cloud, and refresh the data automatically or manually.
Deploy wherever you want
IFS Cloud is a flexible and scalable solution that can adapt to the changing needs of service organizations. It can be deployed on-premise, in the cloud, or as a hybrid model. It can also be configured and customized to suit different industries, geographies, and business processes. It can support any size of service organization, from small to large.
Always up to date (Evergreen)
IFS Cloud is a cloud-based solution that delivers the most advanced features and functionalities for your business needs. It follows a regular development plan with releases twice a year, in half year intervals, with versions R1 and R2. This ensures that you always have access to the latest innovations and improvements from IFS Cloud, without having to worry about the maintenance and upgrade costs. IFS Cloud is the smart choice for staying ahead of the competition.c
Ready for modification and expanding
IFS Cloud is a solution that can be easily extended and customized to meet your specific business needs and preferences. One of the tools that you can use to extend IFS Cloud is Novacura Flow, a low-code platform that allows you to create your own ERP applications by simply drawing them in a graphical interface. Novacura Flow also offers business process management and integration capabilities, as well as a library.
DETAILED LIST OF CAPABILITIES:
Below, we provide a summary of the areas supported by IFS Cloud.
01:
Accounting rules
- Central management of rules and definitions
- Rules for automated production of financial transactions
- Rules for correct production of financial transactions
- Central management of tax definitions and rules
- Multi-company master data management
- Financial control with user defined accounting structures and rules
- Security, traceability and segregation of duties
- Automated transfers
- Interfaces for loading external transactions
- Load of currency exchange rates automatically connected to a service provider
02:
General ledger and parallel accounting
- Multi-company, multi-currency, multi-dimensional
- Balance queries and analysis views
- Transaction queries and analysis views
- Security for information access
- Tax ledger supporting tax reporting
- Currency revaluation
- Period cost allocations
- Multi company allocations
- Year-end routines
- Parallel ledgers and currency
03:
Fixed assets
- Asset values from acquisition and accumulated depreciations
- Depreciations according to selected method
- Parallel depreciation methods for parallel accounting
- Automated posting
- Lease accounting based on accounting standards
- Intercompany operations and movements
- Integrated transfer from projects
04:
Accounts payable and receivable
- Accounts payable and receivable balances
- Accounts payable and receivable historical balances
- Central hub for all customer invoice types
- Monitoring of customer claims and credits
- Authorization of supplier invoices with rules
- Automated matching of supplier invoices
- Self-billing for suppliers
- Automated processing of payments
- Solution for UK’s CIS – Construction Industry Scheme
05:
E-invoicing
- Interface for sending customer invoices
- Interface for receiving supplier invoices
- Capabilities for manual correction of supplier invoices when needed
- Partnership with external service provider Pagero
- Transformation of formats with Pagero
06:
Project finance
- Project balances stored independently
- Project accounting connected to project plans
- Capitalization and revenue recognition rules
- Capitalization on account and project activity level
- Event based revenue recognition
- Integrated revenue recognition forecasting
- Interactive project analysis
- Project financial reporting
07:
Cash flow
- Configurable and parallel plans for different purposes – short, medium and long-term
- Integrated and configurable system-based sources for efficient load
- Additional manual sources
- Supports planning on project level
- User-configurable time scales for reporting
- Reporting with IFS Business Reporter with writeback
- Advanced and flexible analysis model and reporting of parallel scenarios
- Drill-down to underlying details
08:
Business planning
- Configurable process with security controls
- Plan entry by few or many contributors
- Demand - driven model with central calculation rules
- Automated recalculations when changing assumptions
- High level planning using structures and configurable timeline
- Central and controlled storage
- Plan on company level and/or consolidated level
- Balance sheet planning
- Planning scenarios to analyze alternatives
- Customer driven and adaptable entry formats
09:
Consolidation
- Integrated with IFS finance
- Automated consolidation process
- Translation of local currencies
- Translation into common group chart-of-account
- Elimination of intercompany transactions
- Elimination of ownership relations
- Parallel consolidation structures
- Additional accounting dimensions for reporting/analysis
- Journals for adjustments
- Consolidation of actuals and/or plans
10:
Financial reporting and analysis
- Pre-packaged information sources
- Pre-packaged analysis models
- Models integrated with accounting structures and definitions
- Best-of-breed modern tools—Microsoft Excel and Power BI
- Analytical high-level reporting—IFS business reporter
- Pre-packaged report templates
- Tax reporting from tax ledger
List of IFS Cloud Modules, Functionality and Key Capabilities
Explore 11 modules, 90 functionalities, encompassing a diverse range of 765 capabilities. Download the list highlighting the key functional capabilities provided by IFS Cloud (2023-R2). Novacura – Trusted by 220+ Companies.
How to implement:
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IFS Expert
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