IFS Applications is unique in that it allows you to select from over 100 business components which in turn are made up from more than 6,000 smaller software components. Each component has a well-defined purpose and interface that describes what the component does. This allows change and evolution within a component without affecting other components. You benefit by being able to choose only the business components you need and add others as needed without affecting other components. IFS

Best For:

We recommend IFS for organizations in the Aerospace and Defense, Energy Utilities and Resources, Construction and Engineering, Manufacturing, and Service Industries. The software is tailored for sectors requiring robust asset management, service delivery, and industry-specific functionalities.

Workday stands out for its integrations with over 600 third-party tools, in-depth people analytics, and AI-driven employee engagement and skills management. It features the Workday Peakon Employee Voice, an AI-based tool for employee engagement, and the Workday Skills Cloud for AI-based hiring and employee development. Its mobile apps are highly rated for user-friendliness and accessibility, though the Android version has received complaints about bugs.

Best For:

Large companies with over 2,000 employees and complex operations across multiple regions or entities. The system can be used by a wide range of industries including: financial services, healthcare and life sciences, higher education, manufacturing, retail and hospitality, service businesses, state and local government, and technology firms.

10.0

USER RATING

based on 1 user reviews

Our Verdict:

IFS Cloud can be tailored to various industries, making it widely popular. Its ability to seamlessly integrate all business functions such as human capital management and asset management is commendable. The platform’s composable environment ensures adaptability, allowing businesses to select functionalities as per their needs and expand over time.

However, potential users should be aware of some usability concerns. While many appreciate its robust functionality, a few users have found the interface to be less intuitive than desired. This might pose a slight learning curve for newcomers.

Pros:

Lots of functionality included
Easy Excel exports
Customer support is very responsive

Cons:

Some users reported performance issues
Unintuitive user interface
Limited customization options

8.0

USER RATING

based on 4 user reviews

Our Verdict:

Workday excels with its comprehensive human capital management tools and user-friendly interface. It offers extensive customization and integrates well with third-party apps, supported by solid customer service. However, it lacks a free version and transparent pricing. Ideal for midsize to large firms, but those seeking clear pricing might need to look elsewhere.

Pros:

"Brainstorms" community suggestions
Configuration flexibility
Powerful frameworks

Cons:

No public pricing available
No live chat or knowledge base
No free version or trial available

Price Range
$ $ $ $ $
$ $ $ $ $
Starting Price $250,000 (perpetual license)
Client OS Windows, Web

Price Range
$ $ $ $ $
$ $ $ $ $
Starting Price $45/employee/month
Client OS Web

At Software Connect, our team has personally tested and reviewed both IFS Applications and Workday ERP to help you understand which of these two ERP systems is a better fit for your business.

IFS Applications Overview

Developed by IFS North America, IFS Applications is a versatile ERP system. It stands out for its modularity, allowing businesses to choose from over 100 business components tailored to their unique needs. The software can be deployed on-premises or hosted on the cloud. However, some users have reported performance issues and found the interface less intuitive than desired.

IFS Applications is particularly beneficial for organizations in the Aerospace and Defense, Energy Utilities and Resources, Construction and Engineering, Manufacturing, and Service Industries. These sectors, requiring robust asset management, service delivery, and industry-specific functionalities, can benefit greatly from IFS’s offerings.

Workday ERP Overview

Created by Workday Inc., Workday is a cloud-based ERP solution that combines financial and human capital management solutions. It’s known for its user-friendly interface and extensive customization options. However, it lacks a free version, and pricing isn’t publicly available, which may be a consideration for some businesses.

Workday ERP is most suitable for large companies with over 2,000 employees and complex operations spanning multiple regions or entities. This ERP system is highly flexible, making it an excellent choice for a wide range of industries.

IFS Applications vs Workday ERP: Which is Better for Most Businesses?

After careful consideration, we believe that Workday ERP is likely a better fit for most businesses. Its user-friendly interface, many customization options, and comprehensive human capital management tools make it a standout choice. The cloud-based deployment model also makes it easier for businesses to get up and running quickly, without the need for extensive hardware investment.

However, for businesses in certain industries such as Aerospace and Defense, Energy Utilities and Resources, Construction and Engineering, Manufacturing, and Service Industries, IFS Applications may be more suitable due to its industry-specific functionalities and robust asset management options.

For a broader selection of software options, check out our roundup of the best ERP software.

IFS Applications

★★★★★

(1)

Price Range

$ $ $ $ $

Starting Price

$250,000 (perpetual license)

Client OS

Windows, Web

Deployment

Cloud or On-Premises

Workday

★★★★★

(4)

Workday is a web-based enterprise software that offers financial and human capital management solutions for various industries. The platform boasts unified finance and HR functionalities, bringing real-time insights and auditable process management via a modern SaaS model. Workday stands out for its integrations with over 600 third-party tools, in-depth people analytics, and AI-driven employee engagement and skills management. It features the Workday Peakon Employee Voice, an AI-based tool for employee engagement, and the Workday Skills Cloud for AI-based hiring and employee development. Its mobile apps are highly rated for user-friendliness and accessibility, though the Android version has received complaints about bugs.

Price Range

$ $ $ $ $

Starting Price

$45/employee/month

Client OS

Web

Deployment

Cloud Hosted