Our editorial review staff has demoed IFS Applications and Sage 50cloud Accounting. These ERP solutiosn cater to different types of businesses with varying needs.
IFS Applications is an ERP solution targeting larger enterprises with complex operational needs. Sage 50 Accounting is designed for small to medium-sized businesses seeking straightforward accounting and financial management tools.
Developed by IFS North America, Inc., IFS Applications is an ERP solution that enables organizations to select from over 100 business components. The platform’s strength lies in its customizability. It has a wide array of functionalities, easy Excel exports, and responsive customer support. However, some users have reported performance issues and found the interface less intuitive, which might present a learning curve for newcomers.
IFS Applications is best suited for larger organizations in industries such as Aerospace and Defense, Energy Utilities and Resources, Construction and Engineering, Manufacturing, and Service. Its asset management, service delivery, and industry-specific functionalities make it a standout. The software can be deployed in the cloud or on-premises and is compatible with Windows and web-based systems.
Sage 50cloud Accounting offers functions such as accounts payable and receivable, general ledger reporting, and inventory management. Users appreciate its job costing, financial reporting, and invoice customization. However, it falls short with poor inventory management and a dated user interface. Remote access to data is also only possible with a third-party add-on.
Sage 50cloud Accounting is ideal for small to mid-size companies (1-500 employees). It shines in industries like construction, distribution, and manufacturing because of its accountant-first approach and industry-specific report customization. The platform is only available on-premises and is compatible with Windows systems.
We recommend IFS Applications for most businesses. Its ability to integrate all business functions and adapt to organizational needs gives it an edge over Sage 50cloud Accounting. Although IFS Applications might have a steeper learning curve, its robust functionalities tailored to various industries make it a more comprehensive solution.
That being said, small to mid-sized companies, particularly those in construction, distribution, and manufacturing, may find Sage 50cloud Accounting’s robust financial reporting and job costing capabilities more aligned with their needs.
To explore more ERP software options and find the best fit for your business, check out our roundup of the best ERP software overall.