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IQMS Enterprise IQ vs Oracle Fusion Cloud ERP comparison

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IQMS Enterprise IQ
Read 1 IQMS Enterprise IQ review
718 views|370 comparisons
100% willing to recommend
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Oracle Fusion Cloud ERP
Read 34 Oracle Fusion Cloud ERP reviews
2,751 views|2,036 comparisons
97% willing to recommend
Comparison Buyer's Guide
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Buyer's Guide
ERP
April 2024
Executive Summary

We performed a comparison between IQMS Enterprise IQ and Oracle Fusion Cloud ERP based on real PeerSpot user reviews.

Find out what your peers are saying about SAP, Microsoft, Oracle and others in ERP.
To learn more, read our detailed ERP Report (Updated: April 2024).
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769,662 professionals have used our research since 2012.
Featured Review
Vasanth Rajendran
Allows customization for production and has good sales, distribution, and quality management features
Divya-Raj
Easy and convenient for clients, straightforward installation, with good technical support
It is easy and very convenient for clients to go to the front end and check whatever update they wanted to look at. If we are loading data in the... Read more →
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."

More IQMS Enterprise IQ Pros →

"It provides our management a real-time view of operations.""Oracle ERP Cloud is a stable solution.""It is easy and very convenient for clients to go to the front end and check whatever update they want to look at.""It's easy to deploy, and we don't have to worry about upgrading anything.""My company found the financial planning and budgeting modules of Oracle ERP Cloud more sophisticated and valuable than its other modules.""ERP Cloud's most valuable features are general ledger, accounting, expense management, and procurement. These four functions are crucial.""Oracle Fusion Cloud ERP has integrated the best features from various sources. For instance, it incorporates the strengths of HCM from PeopleSoft, PPM from another source and CRM from Salesforce.""Oracle ERP delivers business processes."

More Oracle Fusion Cloud ERP Pros →

Cons
"Setup is very complex."

More IQMS Enterprise IQ Cons →

"The database is outdated and quite rigid.""Oracle ERP Cloud needs to be more mature, especially in terms of some advanced modules, such as manufacturing, supply chain planning, and production.""One disadvantage is that we don't have immediate access to evaluate or fix data that is not in the app until we own the database.""The Oracle ERP Cloud accounts payable could be improved.""We have had concerns about the security and flexibility of the application. The approach with Oracle ERP Cloud should be more holistic rather than user or computer-based.""I would like to see an improved approach to pulling data with VDI.""The solution's new analytics information, dashboard, and flexibility of reporting could be improved.""If you go for the real-time process, the patch of work and the time to update the product will be too much."

More Oracle Fusion Cloud ERP Cons →

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."

    • More IQMS Enterprise IQ Pricing and Cost Advice →

  • "It is too costly."
  • "The solution is expensive and there are some services that are extra costs."
  • "For an ERP Cloud, the pricing is relatively high."
  • "We have an annual license with Oracle, however if we need additional features we do pay for them."
  • "The pricing for Oracle ERP Cloud is on par with other top solutions."
  • "In a developing country such as Bangladesh, Oracle ERP Cloud is expensive compared to on-premise solutions, so the turnover is very low. Customers become more comfortable using on-premise services because of the high subscription costs of Oracle ERP Cloud."
  • "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."
  • "We pay additional costs to a consulting company."

    • More Oracle Fusion Cloud ERP Pricing and Cost Advice →

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    Questions from the Community
    What do you like most about IQMS Enterprise IQ?
    Top Answer: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… more »
    What is your experience regarding pricing and costs for IQMS Enterprise IQ?
    Top Answer: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.
    What is your primary use case for IQMS Enterprise IQ?
    Top Answer: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… more »
    What do you like most about Oracle ERP Cloud?
    Top Answer:The user interface is the best feature.
    Read all 18 answers   →
    What is your experience regarding pricing and costs for Oracle ERP Cloud?
    Top Answer:I'm not aware of the Oracle Fusion Cloud ERP pricing details because I don't have information about it before deployment.
    Read all 11 answers   →
    What needs improvement with Oracle ERP Cloud?
    Top Answer:The ability to customize must be improved. The tool must enable users to customize the reports.
    Read all 18 answers   →
    Ranking
    21st
    out of 69 in ERP
    Views
    718
    Comparisons
    370
    Reviews
    1
    Average Words per Review
    472
    Rating
    8.0
    2nd
    out of 18 in Cloud ERP
    Views
    2,751
    Comparisons
    2,036
    Reviews
    20
    Average Words per Review
    386
    Rating
    8.3
    Comparisons
    Also Known As
    Enterprise IQ
    Learn More
    IQMS
    Video Not Available
    Oracle
    Overview
    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 Fusion Cloud ERP offers a complete, innovative, and proven solution for organizations of all sizes. Oracle Fusion Cloud ERP is a comprehensive, modern solution on a single cloud platform that includes built-in industry standards and modern best practices. 

    Oracle Fusion Cloud ERP provides your teams with advanced capabilities, such as AI to automate the manual processes that slow them down, analytics to react to market shifts in real time, and automatic updates to stay current and gain a competitive advantage.

    Designed with scalability in mind, Oracle Fusion Cloud ERP manages core business areas including:

    • Accounting
    • Financial planning and analysis
    • Financial close
    • Revenue recognition
    • Risk management
    • Compliance and governance
    • Procurement
    • Project planning and execution
    • Inventory and supply chain
    • Product lifecycle

    ERP software is the backbone of many organizations and Oracle offers a modern, connected approach combined with the ease and flexibility of the cloud. Oracle Fusion Cloud ERP delivers the functionality, analytics, security, mobile capabilities, and social collaboration tools needed to run a business today.

    Why Customers Choose Oracle Fusion Cloud ERP:

  • Predict, detect, and act on new situations

    No one likes big deltas between forecasts and actuals. Most models though are too limited, relying on sample datasets or just gut feel. Oracle Cloud ERP introduces machine-learning to predictive planning and forecasting so you can utilize broader datasets, reveal hidden bias, uncover significant deviations, and speed your overall response time.

  • Automate and eliminate your manual business processes

    Spend less time compiling data and more time understanding what it tells you. Whether preparing your narrative for the street or assessing potential M&A activity, Oracle Cloud ERP gives your team more time for strategic work by automating the most time-consuming, mundane business processes. With AI, up to 96% of transactions can be automated.

  • Simplify and speed everyday work

    Oracle’s AI-powered digital assistant simplifies and speeds common tasks, allowing you to ask simple questions like “what’s the status of my open purchase requisitions?” and “what reconciliations are due today?” Personalized tasks like invoices or over-budget notifications are delivered to you proactively, so approvals move faster too.

  • Launch new business models, faster

    Staying ahead of customer trends and emerging competitors gets harder every day. With Oracle cloud ERP, it's easier to identify and launch new business models—and monitor results in real time so you can constantly refine your approach. Paired with machine learning insights like customer churn, you'll predict and avoid problems before they can do harm.

    • 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
    Top Industries
    VISITORS READING REVIEWS
    Healthcare Company14%
    Manufacturing Company13%
    Computer Software Company11%
    Construction Company8%
    REVIEWERS
    Computer Software Company31%
    University13%
    Energy/Utilities Company13%
    Engineering Company6%
    VISITORS READING REVIEWS
    Educational Organization40%
    Computer Software Company8%
    University6%
    Financial Services Firm5%
    Company Size
    VISITORS READING REVIEWS
    Small Business34%
    Midsize Enterprise18%
    Large Enterprise48%
    REVIEWERS
    Small Business40%
    Midsize Enterprise17%
    Large Enterprise43%
    VISITORS READING REVIEWS
    Small Business14%
    Midsize Enterprise45%
    Large Enterprise41%
    Buyer's Guide
    ERP
    April 2024
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    769,662 professionals have used our research since 2012.

    IQMS Enterprise IQ is ranked 21st in ERP with 1 review while Oracle Fusion Cloud ERP is ranked 2nd in Cloud ERP with 34 reviews. IQMS Enterprise IQ is rated 8.0, while Oracle Fusion Cloud ERP is rated 8.2. The top reviewer of IQMS Enterprise IQ writes "Allows customization for production and has good sales, distribution, and quality management features". On the other hand, the top reviewer of Oracle Fusion Cloud ERP writes "Everything can be found in one place and it is all embedded in a single system". IQMS Enterprise IQ is most compared with SAP ERP, Oracle E-Business Suite, Microsoft Dynamics 365 Business Central, JD Edwards EnterpriseOne and Epicor ERP, whereas Oracle Fusion Cloud ERP is most compared with NetSuite ERP, SAP S/4HANA, PeopleSoft, JD Edwards EnterpriseOne and SAP Business One.

    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.