About 67% of Enterprise Resource Planning (ERP) users in a survey of industrial executives said they need more functionality for their specific industry, according to a study by IFS, a global enterprise applications company.
This need was more pressing in the most complex and demanding industries, including engineer, procure, and construct contracting, service management-intensive businesses and for whom management of capital assets for return on capital assets (RoA) is crucial, it adds.
The study, based on a survey of more than 200 manufacturing and other executives and whose data was analysed by Cindy Jutras of analyst firm Mint Jutras, Boston, also showed that around 67.1% of respondents would like to have more industry-specific functionality in their enterprise application.
On the other hand, 60% of respondents said they struggled with functional gaps as their enterprise offerings lacked industry specific functionality.
IFS North America president and CEO Cindy Jaudon said IFS Applications are simply the strongest product on the market today that offer world class EAM functionality as an integrated part of an ERP suite.
Jaudon said, "It is also noteworthy that those companies that need greater industry-specific functionality are those with the most demanding and complex business models. And that is exactly the type of company for which IFS Applications is best-suited."
