One of the top trends in ERP software is cloud hosting, with SaaS ERP models predicted to reach over $100 billion in the next three years.
If you are looking at cloud-based solutions, you might have seen the name IFS software crop up during your research.
The Swedish company IFS developed its ERP solution as an all-in-one integrated end-to-end platform for businesses. Here are ten interesting facts to help you understand more about IFS software.
1. All Your Information in One Place
Your business needs access to the correct data at the right time. Doing so will keep you efficient and help you make the right decisions when demanded. IFS will allow you to keep all your information under one roof.
2. It Has an Entire Financial Suite
IFS software will help your business store all your most important financial information together. That includes your balance sheet, profit and loss accounts, accounts payable, and business planning.
3. It’s More Secure
Having information in the cloud means you won’t have to worry about managing and securing physical servers. Top security is invaluable for critical business data like the information stored in an ERP system.
4. It’ll Save You Money
Why do so many businesses switch to cloud-based solutions? A big reason is financial. You pay only for what your business needs instead of an entire suite of expensive equipment that your system needs.
5. It’s Real-Time
You don’t need to wait for reports in the IFS system. The data is real-time, published through a friendly user interface. You’ll get instant access to information even when faced with critical deadlines.
6. You Can Access the System Remotely
With more employees now working remotely and sales teams traveling around the country, you want a system that’s easily accessible from any location. IFS will give you the remote access your team needs.
7. You Can Manage Your Projects
IFS isn’t only for day-to-day business operations. Your project team can use it too. The system offers tools to plan a project, track resources, and access data on budgets and schedules.
8. Your Employees Can Use It to Book Vacations
Your HR department will be able to manage all their critical tasks, including payroll, from the system. And that goes for your employees too. It gives them one single point to monitor their information and book leave.
9. You Can Connect With Suppliers
You can use IFS to manage your facilities. That includes tracking maintenance on essential equipment and even linking subcontractors into your system so you can stay informed on how tasks are progressing.
10. You Can Oversee a Customer’s Entire Lifecycle
Typically, a sales team will move from system to system when managing lead and customer data. In the IFS system, your customer stays in one place, and your team will always be able to access and update their data.
IFS software is an exciting product on the market for any growing enterprise. Now’s the time to start a complete evaluation of this software solution to see if it is suitable for your company.
You can also browse through our technology section to discover more enterprise-level software products.