IQMS Enterprise IQ vs Oracle E-Business Suite comparison

IQMS provides manufacturers with a reliable, real-time Enterprise Resource Planning (ERP) software developed especially for manufacturing processes. Whether you are a small, single plant manufacturer or a large multi-plant, global manufacturer, IQMS has a manufacturing-specific ERP solution to fit your needs. Due to the comprehensive nature of the system, the EnterpriseIQ ERP Software solution becomes the backbone for manufacturers to monitor, track, trace and communicate business and manufacturing activities and data throughout the supply chain faster than any other software on the market today. The scalable, modular architecture of EnterpriseIQ provides manufacturers the flexibility to take advantage of more advanced ERP software and manufacturing software features and functionality when needed.

Oracle E-Business Suite (EBS) is considered the most extensive offering of amalgamated worldwide business applications available. Oracle EBS helps facilitate medium to large business enterprise organizations with the ability to enhance critical decision-making processes, streamline business procedures, minimize costs, and improve overall performance and productivity.

Oracle EBS runs as a complement to Oracle Database software. The applications serve to automate such processes as supply chain management (SCM), human resource management (HRM), customer relations management (CRM), project portfolio management (PPM), financial management, service management, and more.

Oracle EBS runs best in the cloud. It is a cost-saving option that offers greater productivity and can immediately and easily respond to changing dynamic business needs with an intuitive, automated scalable cloud infrastructure.

Below are some of the valuable features of popular application offerings available within Oracle EBS:

Supply Chain Management (SCM): Every possible supply chain process can be fully automated, from planning, creation, and appropriation to development and fulfillment, delivering a comprehensive solution application to ensure organizations have robust, intelligent-driven, value-added chains. Some applications include:

• Manufacturing
• Value Chain Planning and Execution
• Procurement and Fulfillment
• Lifecycle Management
• Business Intelligence and Analytics

Human Resource Management (HRM): The solution offers a sturdy group of outstanding human resource processes that enable users to improve productivity, enhance overall business performance, and lower TCO. Some processes include:

• Workforce Management
• Talent Management
• Global Personnel Policy Management
• Human Resource Analytics

Customer Relations Management (CRM): This application provides for a streamlined, unique global gathering of information that will ensure all selling channels are continually following the organization's objectives and protocols. Some features include:

• Oracle Service
• Oracle Marketing
• Oracle Order Management
• Oracle Channel Revenue Management

Project Portfolio Management (PPM): Oracle EBS provides a comprehensive, full lifecycle offering of project and portfolio management. Users get a single fully transparent view of all project-related ventures coupled with a superb performance process that grants users the ability to choose the best, most dynamic portfolio ventures.

• Project Collaboration
• Project Management
• Project Analytics
• Project Cost
• Project Billing

Financial Management: Users are able to perform more effectively, improve productivity and efficiency, develop productivity tools and integrated performance management, and develop processes for shared services to reduce overall operating costs. Some features include:

• Asset Lifecycle Management
• Financial Control and Reporting
• Travel and Expense Management
• Lease and Finance Management
• Risk Management and Compliance

Service Management: This application allows users access to the best data necessary to provide correct, precise, reliable information to their clients to ensure that every expectation is exceeded and consistently satisfied.

• Inbound and outbound telephony
• Project Collaboration
• Project Cost
• Billing
• Project Management

Reviews from Real Users:

Kopano R., Freelancer at a tech services company, says, “What I found most valuable in Oracle E-Business Suite is the patching because it is straightforward. As long as you follow Oracle's best practices, you are able to finish the task of patching without a problem. I like that it's also easy to add products, e.g. if you want to add on financials, you can, or if you don't have financials, you can expand on that. I like that Oracle E-Business Suite is really scalable.”

Mohammed G., Senior Oracle Application Consultant at a comms service provider, writes, “Oracle E-Business Suite consists of a lot of streams, such as financial and HR processes of the enterprise companies. We are using most of the Oracle financial modules, and we have an Oracle stream, FI procurement stream, and HR streams, which have a lot of applications. Oracle E-Business Suite has over 20 different modules to choose from, it is comprehensive. Additionally, the integration is very good. “