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IFS Cloud Platform vs Oracle Enterprise Asset Management comparison

IFS and Oracle are both solutions in the Enterprise Asset Management (EAM) category. IFS is ranked #2 with an average rating of 8.0, while Oracle is ranked #4 with an average rating of 5.0. IFS holds a 10.5% mindshare in EAM, compared to Oracle’s 12.2% mindshare. Additionally, 84% of IFS users are willing to recommend the solution.
IFS Cloud Platform
Read 31 IFS Cloud Platform reviews
  • 436 Views
  • 280 Comparison Views
84% willing to recommend
Oracle Enterprise Asset Man...
Read 1 Oracle Enterprise Asset Management review
  • 440 Views
  • 376 Comparison Views
0% willing to recommend
 

Comparison Buyer's Guide

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Executive Summary
We performed a comparison between IFS Cloud Platform and Oracle Enterprise Asset Management based on real PeerSpot user reviews.

Find out what your peers are saying about IBM, IFS, Infor and others in Enterprise Asset Management (EAM).

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To learn more, read our detailed Enterprise Asset Management (EAM) Report (Updated: December 2024).
Buyer's Guide
Enterprise Asset Management (EAM)
December 2024
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Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Categories and Ranking

IFS Cloud Platform
Ranking in Enterprise Asset Management (EAM)
2nd
Average Rating
7.8
Reviews Sentiment
6.8
Number of Reviews
31
Ranking in other categories
CRM (12th), Customer Experience Management (7th), Field Service Management (1st), Help Desk Software (8th), ERP (9th), Activity Based Costing Software (7th), Local Government CRM (4th), IT Asset Management (7th), IT Service Management (ITSM) (6th), License Management (2nd)
Oracle Enterprise Asset Man...
Ranking in Enterprise Asset Management (EAM)
4th
Average Rating
5.0
Reviews Sentiment
5.5
Number of Reviews
1
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of January 2025, in the Enterprise Asset Management (EAM) category, the mindshare of IFS Cloud Platform is 10.5%, up from 8.2% compared to the previous year. The mindshare of Oracle Enterprise Asset Management is 12.2%, down from 12.6% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Enterprise Asset Management (EAM)
 

Featured Reviews

Brendan Fisher - PeerSpot reviewer
Robust, customizable, and modern
IFS is a very large and complex software, and implementation of IFS can be challenging and may lead to a difficult lengthy project. It can take between 12 and 24 months in some cases to deploy. I have found that not all clients are fully aware of how big the task is that they're undertaking when they make a decision to move to software like this. Companies need to be more aware of the complexity of an ERP implementation project and while I fully recommend moving to IFS, it is not easy and does require business change when adopting an ERP solution. New features are a difficult ask - I work across multiple industries and everyone would probably choose a different feature. Maybe BIM in Construction or Customs link-ups for importers/exporters.
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Nadun Gamage - PeerSpot reviewer
The product is not user-friendly, and it is very expensive, though it is highly stable
I rate the ease of initial setup a five out of ten. It's not so difficult to set up and configure the product, but it is not entirely easy. We need a set of experienced people to deploy the solution. However, people with experience in Oracle are not difficult to find.
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Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"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."
"We could quickly understand what was going on and what the customer wanted to do."
"The financial posting controls are quite handy. The user interface is really friendly, highly flexible, and pretty intuitive for end users."
"Feature-wise, I like the way it provides inventory details...It is a stable solution."
"IFS Applications is an all-in-one solution for finance, accounting, and production."
"The main reason for the ERP project was to bring together our fourteen sites, which had until then worked in separate silos."
"The workflow of the solution is very good."
"IFS has been completely rebuilt, modernized, and cloud-based so we don't need bulky software installations."
More IFS Cloud Platform pros
"The whole product is important and valuable to us."
 

Cons

"The CRM was shaky and although this improves in Apps 10, there is room for improvement."
"The next version has already been released, and some of the technical things are a little bit behind the curve in development. This is specifically security, maintenance, security role maintenance, and creation. This is in their new product, called IFS Cloud."
"The support provided by IFS Applications has room for improvement. I'm based in Poland, and when my company had an issue, finding people from IFS to give my company the support it needed was difficult."
"The solution's reporting tools still require improvement."
"Some kind of bot assistance, some kind of artificial intelligence to help people solve the problems, would be interesting."
"The user interface can be improved. When you're clicking through the screens, there are some icons or symbols that really need updating and would be more useful and noticeable if they are aesthetically pleasing."
"Customization needs to be improved."
"The solution needs to improve its documentation and user-friendliness."
More IFS Cloud Platform cons
"The product is not user-friendly."
 

Pricing and Cost Advice

"We pay for a license to use the solution, which is not very expensive."
"The product is reasonably priced."
"The pricing of the solution may appear to be expensive for smaller companies with only tens of users; however, for larger and mid-size industrial companies, IFS is able to win deals and the pricing is competitive in the market."
"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."
"Ask for all-inclusive pricing, as they are pretty flexible if you ask for custom models."
"Licensing is on an annual basis, with no additional costs."
"There's an additional yearly cost for support."
"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
"The tool is very expensive."
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Top Industries

By visitors reading reviews
Computer Software Company
19%
Manufacturing Company
10%
Government
7%
Construction Company
7%
Energy/Utilities Company
19%
Computer Software Company
13%
Government
13%
Manufacturing Company
12%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

What do you like most about IFS Applications?
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.
See all answers
What is your experience regarding pricing and costs for IFS Applications?
The product is reasonably priced. The costs are justified by the value provided, considering the comprehensive features and minimal need for customization. I rate the pricing a seven out of ten.
See all answers
What needs improvement with IFS Applications?
The solution's reporting tools still require improvement. The current functionality could be more user-friendly and flexible, which can lead to increased reliance on service partners for custom cha...
See all answers
What do you like most about Oracle Enterprise Asset Management?
The whole product is important and valuable to us.
See all answers
What is your experience regarding pricing and costs for Oracle Enterprise Asset Management?
The tool is very expensive. The solution increases the cost by eight percent every year. I rate the pricing a ten out of ten.
See all answers
What needs improvement with Oracle Enterprise Asset Management?
The product needs to improve the features related to finance, supply chain, and HR administration. The UI must be improved. The product is not user-friendly. It is not browser-based. The user exper...
See all answers
 

Comparisons

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Compared 14% of the time
Microsoft Dynamics 365 Business Central vs IFS Cloud Platform Logo
Microsoft Dynamics 365 Business Central vs IFS Cloud Platform
Compared 10% of the time
IBM Maximo vs IFS Cloud Platform Logo
IBM Maximo vs IFS Cloud Platform
Compared 10% of the time
ServiceNow vs IFS Cloud Platform Logo
ServiceNow vs IFS Cloud Platform
Compared 8% of the time
More IFS Cloud Platform Competitors
IBM Maximo vs Oracle Enterprise Asset Management Logo
IBM Maximo vs Oracle Enterprise Asset Management
Compared 100% of the time
More Oracle Enterprise Asset Management Competitors
 

Product Reports

Buyer's Guide
IFS Cloud Platform
January 2025
IFS Cloud Platform reportDownload IFS Cloud Platform product report
Buyer's Guide
Enterprise Asset Management (EAM)
December 2024
Oracle Enterprise Asset Management reportDownload Oracle Enterprise Asset Management product report
 

Also Known As

IFS Applications, Assyst, IFS Cloud
No data available
 

Learn More

IFS
Oracle
 

Overview

IFS is the world’s leading provider of Industrial AI and enterprise software for hardcore businesses that make, service, and power our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability. Industrial AI is IFS.ai.

IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers’ specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), Information Technology Service Management (ITSM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™.

Oracle Enterprise Asset Management provides comprehensive planning, tracking and execution to support optimal asset monitoring and performance. Its condition-based maintenance strategies for plants, property and public infrastructure along with an integrated asset repository ensures best practices and quality compliance globally.

Oracle Enterprise Asset Management (eAM) eliminates excess and obsolete spare parts inventories, promotes environmental, health and safety policies, and improves coordination of production and maintenance schedules.

 

Sample Customers

China Airlines, Electrolux Group, Babcock, Cimcorp, Sky, Multiplex, Veolia. 
averda, Eaton Corp., Hover Automotive India Pvt. Ltd., Kalpataru Ltd, SITA, United Automotive Electronic Systems Co. Ltd., Yarra Valley Water, KEC International Ltd., eVerge Group, Cerner Corp., Standard Life, Company RS a.d. Banja Luka (Telekomunikacije RS a.d., Banja Luka Telecommunications
Buyer's Guide
Enterprise Asset Management (EAM)
December 2024
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We monitor all Enterprise Asset Management (EAM) 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.