IFS Financial Training
IFS Financial training covers concepts from the Basic level to the advanced level. Whether you are an individual or corporate client we can customize training course content as per your requirement. And can arrange this IFS Financial training as per your pace.
IFS is an application that automates the processing and management of international and domestic postal payments. IFS includes functions for handling exceptions such as postal payment cancellations and reimbursements and abandonment of unpayable postal payments. It is also a comprehensive and flexible tracking tool that allows users to view the status of a postal payment at any point during the process. IFS Cloud is a single platform that delivers class-leading solutions across Service Management, Enterprise Resource Planning and Enterprise Asset Management. Built to meet the needs of your business and the markets you serve, IFS Cloud delivers the full spectrum of IFS capabilities from a common platform, with solutions tailored to your industry and functional needs. The IFS function checks whether one or more conditions are met, and returns a value that corresponds to the first TRUE condition. IFS can take the place of multiple nested IF statements, and is much easier to read with multiple conditions. International Financial System (IFS) is software developed by UPU to coordinate international remittance services among the partner countries. IFS offers some of the most flexible financing arrangements and repayment plans available in the industry today. With arguably the lowest cancellation rate of any premium finance company, IFS provide competitive rates and superior customer service.
Complete Customization of IFS Financial training’s course content is possible for Individual students and for Corporate. IFS Financial online training is available for individuals and for corporate we may arrange the classroom as well. For more information on IFS Financial training do connect us.
Our IFS Financial certified expert consultant will teach on a real-time scenario-based case study and can provide study material and ppt. We will help you to clear your IFS Financial training certification by providing you with proper guidance. For more details kindly contact us.
When it comes to IFS Financial Corporate Training, we can say proudly that we have received excellent feedback and appreciation from our corporate clients across the globe. You can reach us for IFS Financial corporate training and we can even customize the training content as per your requirement.
Few of the clients we have served across industries are:
DHL | PWC | ATOS | TCS | KPMG | Momentive | Tech Mahindra | Kellogg's | Bestseller | ESSAR | Ashok Leyland | NTT Data | HP | SABIC | Lamprell | TSPL | Neovia | NISUM and many more.
MaxMunus has successfully conducted 1000+ corporate training in Bangalore / Bengaluru, India, Finland, Sweden, Germany, USA, UK, Netherlands, Ireland, Austria, Israel, Singapore, Australia, Canada, Denmark, Belgium, Poland, Hong Kong, Qatar, Saudi Arabia, Oman, Denmark, Bahrain, JAPAN, South Korea, UAE, Switzerland, Kuwait, Spain, United Kingdom, Russia, Czech Republic, China, Belarus, Luxembourg
Individual Training Benefits
Customize IFS Financial Course Content as per Individual’s project requirement.
Our Individual IFS Financial Training program will help employees to start working on the project from day one after the IFS Financial training completion.
Industry-Specific Subject Matter Experts to provide corporate level IFS Financial online training to individuals.
Flexibility to choose a schedule for the individuals to take IFS Financial online training courses.
Get the Flexibility to learn at your own pace. A Crash course option is also available for the IFS Financial course.
Flexibility to select a trainer and have a live video session with the trainer before IFS Financial training actually starts.
MaxMunus will provide IFS Financial Course Completion Certificate to the participants who are recognized by the industry. It will add value to the corporate workforce.
MaxMunus will help the participants understand the IFS Financial certification training exam process.
MaxMunus will provide a step-by-step progress assessment of yours.
Corporate Training Benefits
Customization of IFS Financial Course Content as per Company’s project requirement.
Our IFS Financial Corporate Training program will help employees to start working on the project from day one after the training completion.
Industry-Specific Subject Matter Experts will provide IFS Financial corporate training.
Get Flexibility to choose Location, Mode and Schedule for IFS Financial corporate training courses.
Flexibility to select corporate the trainer and have a live video session with the trainer before IFS Financial training actually start.
MaxMunus will provide Course Completion Certificate to the participants which are recognized by the industry. It will add value to the corporate workforce.
MaxMunus will help the participants understand the IFS Financial certification course exam process.
MaxMunus will provide a step-by-step progress assessment of employees.
IFS Financial Training Prerequisite
There is absolutely no prerequisite to learn IFS Financial Training course, any candidate starting from fresh graduates to experienced professional can easily learn this IFS Financial Training course.
Certification Details
Upon successful completion of the IFS Financial Training one can easily go for the certification exam and become a certified professional. MaxMunus certification is easily accepted by all the multi-national companies across the world.
Course Contents
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Module |
Topics(Task) |
Sub_Topics |
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General Ledger_(GL) |
Company Creation |
1.over view at glance |
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2.Using An Existing Company |
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3.Using a Template |
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4.‘Company’ Window |
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5.General Finance Setup |
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User Data |
1.User |
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3.User Groups Are Connected To… |
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Chart of Accounts and Code String |
1.Overview |
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2.Chart of Accounts |
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3.Segment Functions |
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4.Business Transaction Translation |
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5.Code String |
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6.Code String - Account |
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7.Code String - Code Parts B Thru J |
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8.Code String Completion And Pseudo Codes |
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9.Code Part Attributes And Structures |
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Accounting Calendar |
1.Accounting Calendar |
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2.Accounting Periods |
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3.Internal Ledger Based Calendars |
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4.Create New Accounting Periods |
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Currencies, Tax Codes and Payment Terms |
1.Currencies |
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2.Tax Types |
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3.Tax Codes |
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4.Payment Terms |
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Voucher Types |
1.Usage and How its work |
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Posting Control |
1.Control Types (CT) |
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2.Example |
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Manual Vouchers |
1.Create Manual Vouchers |
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2.Voucher Approval Workflow |
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3.Multi-Company Vouchers |
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4.Options Of Using Manual Vouchers |
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Update General Ledger |
1.The General Ledger Update Routine |
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2.Functions In Voucher Update |
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General Ledger Analysis |
1.Basic Data To View General Ledger |
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2.Balance Analysis And Voucher Analysis |
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3.Voucher Analysis |
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4.Types Of Analysis And Reports |
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Account Payable_(AP) |
Overview Accounts Payable |
1.Overview |
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Supplier Invoicing Process |
1.Overview |
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Basic Data for Supplier |
1.Enterprise basic data- company |
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2.Enterprise Basic Data - Supplier |
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3.Invoice Basic Data |
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4.Accounting Rules |
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5.Basic Data For Supplier Invoicing |
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Invoice Types |
1.Invoice Types |
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Processing an Invoice |
1.PO Flow |
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2.Ways Of Matching PO And Supplier Invoice |
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3.Manual PO Matching Flow |
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4.Self-billing |
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5.Postings Created – PO Matching |
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6.Variance Handling |
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7.Ways Of Matching Subcontract And Invoice |
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8.Manual Subcontract Matching Flow |
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9.Postings Created – Subcontract Matching |
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Supplier Debit/ Credit |
1.overview & Process |
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Supplier Advance |
1.Advance Invoice Flow |
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2.Final Invoice Flow |
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Authorizing Supplier |
1.Practice/Entry Of Advance Invoice |
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2.About Authorization |
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3.Ways Of Authorizing |
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4.Authorizing Supplier Invoices |
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Invoice Cancellation |
1.Functional Description |
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2.Cancellation Options |
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3.Postings – Cancelation Of Preliminary Voucher |
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4.Postings – Cancellation Of The Finally Posted Voucher |
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Supplier Payment |
1.Processes Of Payments |
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2.Basic Data - Supplier |
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3.Payment Basic Data |
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4.Selected Posting Types Used For Supplier Payments |
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5.Payment Types In IFS |
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6.Automatic Supplier Payment |
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7.Mixed Payment, Cash Box Payment, Check Payment |
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8.Supplier offset Proposals |
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9.Supplier Bills Of Exchange |
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Accounts Payable Follow-Up and Analysis |
1.AP Analysis - Analysis Screens |
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2.AP Analysis - Reports |
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3.Cash Book - Analysis |
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Currency Revaluation |
1.Overview |
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2.Currency Revaluation Basic Data |
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3.Revaluation Posting Code Part |
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4.Revaluation Account |
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5.Creation of Revaluation Proposal |
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6.Cancel and Delete |
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7.Analysis |
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Accounts Receivable_(AR) |
Overview of Accounts Receivable |
1.Types Of Customer Invoices |
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2.Invoicing Options |
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3.Customer Order Flow |
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4.Corporate Credit Relationship |
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5.Types Of Customer Order Invoices |
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6.Advance Invoices Flow |
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7.Prepayment Based Invoice Flow |
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8.Staged Billing Invoice Flow |
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9.Self-billing Invoice Flow |
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10.Customer Order Rebates |
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11.Sales Contract Management |
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12.Sales Contract Application For Payment Flow |
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Basic Data for Accounts Receivable |
1.Basic Data Company & General Invoice |
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2.Basic Data Invoice Series |
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3.Basic Data Credit Management |
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4.Basic Data Customer Payment |
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5.Customer Setup Finance Related Data |
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6.Basic Data Customer |
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7.Basic Data Withholding Tax |
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8.Withholding At Invoice And Payment |
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9.Posting Types Used For Customer Invoices |
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10.Selected Posting Types Used For Customer Payments |
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Instant Invoicing |
1.Flow |
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2.Functions |
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Customer Payment & Customer Withholding |
1.Types & Key Terms & Flow |
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2.Example Postings Matching With Invoice |
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3.Example Postings Payment On Account & Parked Payment |
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4.Write offs Process |
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5.Mixed Payment Benefits & Flow |
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6.Cash Box Benefits & Flow |
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7.External Customer Payment On File |
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8.Customer Direct Debiting & Process |
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9.Customer Direct Debiting |
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10.Customer Check Payments |
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11.Customer Bills Of Exchange |
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12.Multi Company Payment & Postings |
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Customer Offset and |
1.Overview |
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2.Manual Customer Offset |
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3.Automatic Customer Offset |
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4.AP/AR Netting |
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5.Rollback Of Offset And Netting |
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Bad Debt Management |
1.Overview |
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2.Move Invoices To/From Bad Debt |
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Customer Credit |
1.Customer Credit Information Provides |
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2.Messages |
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3.Credit Management Notes |
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4.Reminder Letters Overview |
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5.Reminder Templates |
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6.Reminder Letters Flow |
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7.Interest Invoicing Overview |
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8.Interest Invoicing Process Results |
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9.Interest Templates & Interest Invoicing |
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Fixed Assets_(FA) |
Basic Data for Objects |
1.Define Code String |
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2.Object Basic Data |
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3.Object Groups |
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4.Depreciation Basic Data |
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5.Company Basic Data for Fixed Assets |
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Creation of Fixed Asset Objects |
1.What is the object? |
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2.Creation of an Object |
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3.Main and Child Objects |
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4.Asset Lifecycle |
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5.Fixed Assets |
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Acquisition of Fixed Assets |
1.How to add value to the object |
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2.Manage Acquisition |
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3.Import Object |
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4.Acquisition Value Adjustment per Book |
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Depreciation of Fixed assets |
1.Depreciation Proposal |
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2.Depreciation Proposal Multi-Company |
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3.Depreciation Proposal creation and posting |
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4.Depreciation Proposal: Remove Authorization |
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5.Depreciation Proposal Cancel/Delete |
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6.Rollback Depreciation |
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Fixed Asset Functions |
1.Changes to Object Value |
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2.Split, move, and replace |
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3.Disposal Functions |
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4.Sell Object |
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5.Scrap Object |
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6.Multi-company Fixed Asset Transfer |
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Fixed Asset Analysis |
1.Examples |
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2.Reporting |
FAQs for IFS Financial Training:
Q. Is it worth joining IFS Financial Training at MaxMunus?
Ans: We have pools of Industry-Specific Subject Matter Experts (IFS Financial trainers) having an average experience of more than 13 years. They share real-time implementation challenges, case studies and provide soft copies of study material. Which will make you project ready after completion of the IFS Financial course. Our USP is Customized IFS Financial Training agenda and 1 to 1 session for individuals and corporate. Step-by-step progress assessment and IFS Financial Certification tips will be provided.
Q. What are the Delivery Modes for IFS Financial Training?
Ans. For Corporate Client, we provide IFS Financial Training via Online Instructor-led live training or in Classroom in your Campus or in my Campus. Individual IFS Financial Training will be provided through Online Instructor-led live training. For Group Classes classroom and online both options will be available.
Q. Do you provide a Job Guarantee after completion of IFS Financial training?
Ans. Apparently, no. Our Industry-Specific Subject Matter Experts (IFS Financial trainers) will make you project-ready as they will be sharing real-time implementation challenges, case studies and provide soft copies of study material. Our Guarantee is High-Level Quality of IFS Financial Training, which will make you employable. Yes we do assists with Resume Building, Mock Interview and sharing the open positions in IFS Financial across the world.
Q. Do you provide IFS Financial Training in International languages apart from English?
Ans. Mostly IFS Financial Training happened in English. We can arrange IFS Financial Training in other International Languages also based on Demand.
Q. Can I cancel my enrollment? Do I get a refund?
Ans. Our Quality of IFS Financial Training is very high normally this does not happen. If you have time availability issues you can come again anytime in your life and take up the training in the same module or different module. Your money will always be safe. Still because of some unseen reason you want to cancel enrollment then yes it is possible. We will deduct the admin cost and refund the remaining money.
Q. Is this live IFS Financial training or pre-recorded session.
Ans. IFS Financial Training will be Live Instructor-led Online Training.
Q. I want to know more about the IFS Financial training program. Whom should I contact?
Ans. Please join our Live Chat for instant support, call us, or Request a Call Back to have your query resolved.
Q. Can I attend a demo session before enrollment?
Ans. You can be confident and join us without a demo. As ours Industry-Specific Subject Matter Experts make sure quality of the training to be very high. However, we will connect you to a IFS Financial trainer to fix the IFS Financial training agenda as per individuals and corporate client requirements.
Q. How to Join IFS Financial Training immediately?
Ans. Kindly drop an email to contact@maxmunus.com. We will assist you.
Q. Do you provide IFS Financial Course Completion Certificate?
Ans Yes we do.
Q Do you provide Crash Courses in IFS Financial at a fast pace?
Ans. Yes, we do.
Q Do you have a 1-on-1 mentorship session for Individuals.
Ans. Yes, we do have.
Q. Can you provide customized project-oriented Corporate IFS Financial Training?
Ans. Yes, we have expertise in it. In fact, we are considered as one of the top IFS Financial Training solutions provide across most of the top fortune 500 companies.
Q. Who are your trainers and what is the vetting process?
Ans. We have pools of Industry-Specific Subject Matter Experts (IFS Financial trainers) having an average experience of more than 13 years. They have done a good number of implementation projects. Trainers are tested on their technical ability, English proficiency, communication skills, and behavioral skills.
Q. What are the Levels of IFS Financial courses you offer? Any possibility for Advance customized concepts?
Ans. We offer Foundation, Intermediate and Advanced Levels. Yes, we will be happy to assist you with Advance concepts in IFS Financial training as per your requirement.
Q. More Questions?
Ans. Kindly drop mail to contact@maxmunus.com