IFS Cloud Platform vs PeopleSoft comparison

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Executive Summary

We performed a comparison between IFS Cloud Platform and PeopleSoft based on real PeerSpot user reviews.

Find out in this report how the two ERP solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed IFS Cloud Platform vs. PeopleSoft Report (Updated: May 2024).
772,649 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"Having a young talented programmer, during the six years of use, we were able to save around 75 000 EUR preparing simple modifications using customization rather than ordering them in IFS / Partner.""IFS Applications' best feature is the user-friendly interface that has a .NET Framework application in the front end and an Oracle database and WebLogic middleware.""Feature-wise, I like the way it provides inventory details...It is a stable solution.""I like the connectivity and interfaces. In V10, it's easy to modify the interfaces and layouts, but it's becoming more complicated in the cloud. IFS is excellent at asset maintenance and incident management. They have specialized modules for IFS that cover incident and asset management and everything else connected to finance. The reporting in IFS is also easy to use.""There tends not to be a massive weakness in the product itself, as weaknesses can quickly be resolved in the next patch or the next release.""What I like about IFS Applications is that it's easier to use and implement than SAP. I also like that the IFS Applications team is more flexible than the SAP team.""When it comes to financing, the solution has helped us to concentrate finance functions like accounting processes in one system. This includes about 70 internal entities around the world.""The workflow of the solution is very good."

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"PeopleSoft is scalable.""PeopleSoft is a good core system. They frequently update the solution and recently they have added some good enhancement features for higher education. We just switched to the new fluid interface and that is working very well for us. It is very good.""PeopleSoft has been fairly reliable for us. We haven't had any issues with stability.""It is a customizable product. We can customize it based on our needs, which is one of the features that I like about PeopleSoft. As far as financial accounting is concerned, the user interface is very good. You can also configure Chart of Accounts for all performance insights.""The time system is what we get the most benefit from.""The most valuable feature is IDE.""The most valuable feature is that it's easy to use.""PeopleSoft is resilient and has the flexibility for us to customize it."

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Cons
"An area for improvement would be transactions, which can be tedious to complete as the process is very complex.""The integration is a bit complex, and post-implementation support services need to be improved. They have a service center based out of Sri Lanka. The support aspect is good, but the response time is a little slower than we anticipated. In the next release, it would be better if Warehouse Management could be improvised. They have a product line that's a data warehouse management system, but it's still premature and requires a bit of enhancement.""Some kind of bot assistance, some kind of artificial intelligence to help people solve the problems, would be interesting.""Technical support could be improved.""We would like to see AI-driven CSI functions built into the tool that would allow us to quickly tie our improvement goals to metrics and activities, so Assyst will suggest the next steps to help us get closer to our goals.""IFS Applications is not robust enough to handle high-volume transactions, so it's not suitable for larger enterprises.""It would be ideal if, in the future, the product could incorporate IoT and blockchain elements. We'd like to explore more of these types of features going forward.""Ability to place approval check-points in the custom workflow, so clients can decide what they want it."

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"Stability is an area where the solution lacks and needs to be improved.""An area for improvement would be that it's quite difficult to learn how to use this product, and the documentation provided isn't helpful in giving you practical advice.""The solution's initial setup is not straightforward.""I would like to see a better UI.""On the other hand, the more recent push for standardization precludes customized approaches to certain industry requirements.""The product is not intuitive, and finding the right candidate can be arduous.""It would be nice if it became even more declarative in its development.""The solution needs to work on its mobile technology. We're hoping in the next version we're working on implementing, 9.2, will have more of this."

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Pricing and Cost Advice
  • "It is better to buy implementation services from IFS than from partners"
  • "Licensing is on an annual basis, with no additional costs."
  • "Ask for all-inclusive pricing, as they are pretty flexible if you ask for custom models."
  • "Pricing is an area that could be improved. They could be more competitive."
  • "IFS Applications is expensive software, but it's on par with SAP and Oracle. It's for large enterprises and government entities and not for small and medium-sized enterprises. They have one licensing model, but if you want to have a module-specific license, they provide component-based licenses. Unlike SAP and Oracle, it doesn't have different levels of licensing. It's one level of licensing."
  • "There's an additional yearly cost for support."
  • "There are varying license levels that you can purchase."
  • "IFS Applications are competitive in terms of pricing compared to other vendors, such as SAP, Oracle, and Epicor. They are generally cheaper, especially for licensing costs."
  • More IFS Cloud Platform Pricing and Cost Advice →

  • "Check all options before a decision is made."
  • "It's approximately $3,000,000 to $4,000,000 USD per year."
  • "The licensing cost for PeopleSoft is 3,500 per course and the annual subscription fee is 6,500."
  • "I don't know if they are still providing licenses or if they have suspending licenses."
  • "There are no additional costs for licensing."
  • "We are a University and the cost and license are negotiated privately."
  • "The main issue we have with the solution is that it is very expensive."
  • "One of the cheapest solutions available and also one of the best."
  • More PeopleSoft Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:Scalability-wise, I rate the solution a nine or ten out of ten since it is an extremely scalable solution that can be used for various use cases with thousands of users.
    Top Answer:IFS Cloud Platform is not a cheap solution, and it is an extremely functional one. I consider it to be a well-priced solution compared to other mid-range or high-end ERP solutions. From a price… more »
    Top Answer:I think that with the latest version of the product in the cloud, the user experience is very good since it is highly configurable and very capable software. I have seen that one of the areas that my… more »
    Top Answer:Although both are solutions to manage HR, their differences make each one suitable for different companies Oracle Cloud HCM is a platform for connecting all human resource processes in your… more »
    Top Answer:I use the reporting feature occasionally to check for potential improvements in timesheets. We have integrated it with Power BI.
    Ranking
    10th
    out of 68 in ERP
    Views
    3,404
    Comparisons
    2,232
    Reviews
    16
    Average Words per Review
    861
    Rating
    7.8
    12th
    out of 68 in ERP
    Views
    2,835
    Comparisons
    2,459
    Reviews
    16
    Average Words per Review
    500
    Rating
    7.9
    Comparisons
    Also Known As
    IFS Applications, Assyst, IFS Cloud
    Learn More
    Overview

    IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers – at the Moment of Service​​​​​​​. The industry expertise of our people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of 4,500 employees every day live our values of agility, trustworthiness and collaboration in how we support our 10,000+ customers. Learn more about how our enterprise software solutions can help your business today at ifs.com.

    PeopleSoft is an ERP solution that provides businesses with tools for managing their entire workforce including human resources and financial operations, such as payroll, benefits, talent management, and supply chain management. Originally developed by PeopleSoft, Inc., and later acquired by Oracle Corporation, the software helps address talent management needs and maximize employee productivity and efficiency.

    PeopleSoft Features

    PeopleSoft has many valuable key features. Some of the most useful ones include:


    • Simple and intuitive: PeopleSoft HCM delivers a clean, consistent, and user-friendly design, resulting in greater user satisfaction that leads to higher adoption without the high cost of training employees.


    • Anywhere, anytime mobility: With mobile devices being such an integral part of today’s modern work life, PeopleSoft offers today’s mobile and wireless managers and employees an effective and secure method for accessing the information they need, with the ability to effectively execute HR transactions from anywhere, at any time.


    • Flexible and configurable: PeopleSoft enables you to leverage a single application optimized for all form factors that works on any mobile device – no need for separate applications for mobile and desktop.


    • Robust: Because the solution is robust, you can use it to increase retention and improve employee engagement.


    • Powerful and actionable, embedded analytics: PeopleSoft’s actionable, embedded analytics help you spend less time gathering data and more time analyzing and executing employee data.



    PeopleSoft Benefits

    There are many benefits to implementing PeopleSoft. Some of the biggest advantages the solution offers include:


    • Greater employee satisfaction: Users will find PeopleSoft’s software easy to use, leading to better productivity levels and also increased employee satisfaction.


    • Manage dynamic workforce: The solution provides secure access to employee information so users can manage essential HR functions effectively.


    • Increased administrator productivity: PeopleSoft empowers employees and managers by enabling them to execute common HR tasks so administrators can focus on other top priorities.


    • Quickly make informed decisions: By using PeopleSoft’s embedded, real-time, multidimensional analysis capabilities, users can make more informed business decisions.


    Reviews from Real Users

    PeopleSoft is a solution that stands out when compared to many of its competitors. Some of its major advantages are that it has a lot of functionality and is customizable.

    A Regional Director at a tech services company mentions, “The most valuable feature is that it's wide and broad and it does about everything anybody needs in a major organization from a back-office systems point of view.”

    "PeopleSoft is a good core system. It has a lot of functionality. "They frequently update the solution and recently they have added some good enhancement features for higher education. We just switched to the new fluid interface and that is working very well for us. It is very good," says another reviewer who is an HR/Pay Systems Administrator/Director at a university.


    A Senior Manager for DevOps Infrastructure at a financial services firm, explains why he finds the solution so beneficial: "It is a customizable product. We can customize it based on our needs, which is one of the features that I like about PeopleSoft. As far as financial accounting is concerned, the user interface is very good. You can also configure a Chart of Accounts for all performance insights."

    Sample Customers
    Carlsberg, Pukka, Aston Martin, Sky, China Airlines, Cimcorp, Mini, Pepsi.
    BMI Healthcare, Lone Star College System, Jefferson County Public Schools, Griffith University, Los Rios Community College District, Tervita Corporation, INFRA S.A. de C.V., ICF Habitat, Central Washington University, Tech Mahindra Limited, Cognizant Technology Solutions, Stanford Childrens Health
    Top Industries
    REVIEWERS
    Manufacturing Company46%
    Educational Organization15%
    Transportation Company8%
    Training & Coaching Company8%
    VISITORS READING REVIEWS
    Computer Software Company18%
    Manufacturing Company11%
    Government7%
    Comms Service Provider6%
    REVIEWERS
    University12%
    Manufacturing Company10%
    Computer Software Company10%
    Financial Services Firm10%
    VISITORS READING REVIEWS
    Computer Software Company11%
    Financial Services Firm10%
    Government9%
    University9%
    Company Size
    REVIEWERS
    Small Business38%
    Midsize Enterprise34%
    Large Enterprise28%
    VISITORS READING REVIEWS
    Small Business23%
    Midsize Enterprise18%
    Large Enterprise60%
    REVIEWERS
    Small Business26%
    Midsize Enterprise18%
    Large Enterprise55%
    VISITORS READING REVIEWS
    Small Business16%
    Midsize Enterprise13%
    Large Enterprise71%
    Buyer's Guide
    IFS Cloud Platform vs. PeopleSoft
    May 2024
    Find out what your peers are saying about IFS Cloud Platform vs. PeopleSoft and other solutions. Updated: May 2024.
    772,649 professionals have used our research since 2012.

    IFS Cloud Platform is ranked 10th in ERP with 29 reviews while PeopleSoft is ranked 12th in ERP with 80 reviews. IFS Cloud Platform is rated 7.8, while PeopleSoft is rated 8.0. The top reviewer of IFS Cloud Platform writes "Robust, customizable, and modern". On the other hand, the top reviewer of PeopleSoft writes "Comprehensive solution for SCM but requires add-ons for fluid pages". IFS Cloud Platform is most compared with SAP ERP, SAP S/4HANA, Oracle E-Business Suite, Microsoft Dynamics 365 Business Central and IBM Maximo, whereas PeopleSoft is most compared with Oracle HCM Cloud, Workday, SAP SuccessFactors, Oracle Fusion Cloud ERP and SAP ERP. See our IFS Cloud Platform vs. PeopleSoft report.

    See our list of best ERP vendors and best Activity Based Costing Software vendors.

    We monitor all ERP reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.