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IQMS Enterprise IQ vs Oracle Fusion Cloud ERP comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

IQMS Enterprise IQ
Average Rating
8.0
Number of Reviews
1
Ranking in other categories
ERP (30th)
Oracle Fusion Cloud ERP
Average Rating
8.2
Reviews Sentiment
7.8
Number of Reviews
43
Ranking in other categories
Cloud ERP (1st)
 

Mindshare comparison

While both are Enterprise Resource Planning solutions, they serve different purposes. IQMS Enterprise IQ is designed for ERP and holds a mindshare of 0.5%, up 0.4% compared to last year.
Oracle Fusion Cloud ERP, on the other hand, focuses on Cloud ERP, holds 35.1% mindshare, up 27.3% since last year.
ERP
Cloud ERP
 

Featured Reviews

VR
Apr 27, 2022
Allows customization for production and has good sales, distribution, and quality management features
Previously, we were using a very small ERP called Visual Udyog. Visual Udyog is a very cheap solution. For a startup company, it's useful. It's not an elaborate ERP, but it gives at least 25% of what IQMS gives. It can give 25% or even close to 50% of what IQMS can give and at 10% of the cost. Initially, for the first five years of the company, where it has only one million turnover or two million turnover, it is enough. Once you want to scale up, you have to go to SAP or IQMS. I also worked with SAP. I would say that IQMS and SAP go hand-in-hand.
PR1 - PeerSpot reviewer
Feb 22, 2024
A fusion product that excels in multiple facets
The initial setup is easy. It has made life easier compared to other ERPs in the market. Oracle Fusion Cloud ERP offers features like spreadsheet loaders and integration tools that facilitate data migration from legacy systems to the new ERP version. These tools provide a plug-and-play interface, simplifying data input for functional and technical personnel. Earlier, It was a day-to-day job of inserting the data; migration was complex, and keeping track was difficult. Migration and tracking are streamlined with Fusion Cloud ERP, and tasks such as importing and exporting data are more straightforward. I would rate the initial setup a nine out of ten, where one is complex and ten is easy. The availability of connectivity tools, learning resources, and Oracle MetaLink support greatly aids users during implementation. The supportive community, including the Oracle ERP community, provides valuable assistance.

Quotes from Members

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

Pros

"This solution has all of the features you need: sales, distribution, supply chain. It has logistics and production management capabilities. It has so many modules, which were integrated using our expertise."
"What's most valuable in Oracle ERP Cloud is that it's one of the largest ERPs available in the market and it has a lot of customization features. It also has a lot of flexibility and integration options that work with other applications. Many of the customers also migrate to the cloud, so Oracle ERP Cloud is a preferred solution."
"I find the most valuable feature for the solution to be the company is always evolving by making the product better with continual updates."
"ERP Cloud's most valuable features are general ledger, accounting, expense management, and procurement. These four functions are crucial."
"It fosters adoption of a shared services center model."
"The user interface is the best feature."
"The solution is user-friendly with a good integration layer."
"The navigation is user-friendly and the management-related dashboards provide excellent functionality."
"Smooth patches and upgrades which reduce costs and time for having a new version."
 

Cons

"Setup is very complex."
"Oracle Fusion Cloud ERP's interface needs to be improved."
"The Oracle ERP Cloud accounts payable could be improved."
"The tool must enable users to customize the reports."
"If you go for the real-time process, the patch of work and the time to update the product will be too much."
"The stability is not as good as Informatica, but this is very good."
"Oracle can make the system more stable which includes some changes as some of the use cases were not available in Oracle's systems and the element’s value needed to be defined."
"Oracle ERP Cloud needs to be more mature, especially in terms of some advanced modules, such as manufacturing, supply chain planning, and production."
"Improve support services in the new features roadmap."
 

Pricing and Cost Advice

"We paid about 20% with the purchase order. Six months later, we paid another 20%, and then another 20% after another six months. We paid the remaining 40% after 18 months."
"The solution is moderately priced, where it is neither expensive nor cheap."
"Oracle Fusion Cloud ERP is reasonable and recommended for medium-sized enterprises. It might be a bit expensive for smaller businesses, but it is a good product if they have sufficient users."
"Oracle ERP Cloud is on the expensive side."
"The solution is expensive and there are some services that are extra costs."
"The solution's pricing is reasonable in the global market"
"We pay additional costs to a consulting company."
"Oracle ERP Cloud is not a cheap solution."
"The price of the solution is expensive. There are additional costs associated with this particular case that must be taken into consideration when calculating the overall expense. These costs may include but are not limited to, additional materials, labor, and other miscellaneous expenses that may arise during the course of the project. It is important to note that these additional costs may exceed the initial pricing estimate."
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Top Industries

By visitors reading reviews
Manufacturing Company
17%
Computer Software Company
13%
Healthcare Company
10%
Energy/Utilities Company
9%
Educational Organization
47%
Computer Software Company
8%
Financial Services Firm
5%
University
5%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

Ask a question
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What do you like most about Oracle ERP Cloud?
The user interface is the best feature.
What is your experience regarding pricing and costs for Oracle ERP Cloud?
The pricing for Oracle Fusion is highly competitive but depends on the market. It is very suitable for large and middle-sized companies. For smaller companies, it might be a little expensive. For h...
What needs improvement with Oracle ERP Cloud?
There are two main areas for improvement. First, the licensing and pricing model confuses customers, especially after going live. Different components like EPM, ERP, and OIC are charged differently...
 

Also Known As

Enterprise IQ
No data available
 

Learn More

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Overview

 

Sample Customers

Poly-Cast, Custom Profile, Nicolet Plastics, Double H Plastics Inc., Network Plymers, Load Trail, Mar-Bal Inc., Donnelly, Steinwall Scientific, Nissen Chemitec America, Miniature Precision Components
Grupo Aeromexico SAB de CV, Australian Finance Group Ltd., Shelf Drilling Ltd., Boise State University, The Rancon Group, Arin Innovation, PROMATIS software GmbH, KBBO, Delaware Life Insurance, Worthington Industries, Solairus Aviation
Find out what your peers are saying about SAP, Microsoft, Oracle and others in ERP. Updated: October 2024.
814,763 professionals have used our research since 2012.