Global Manufacturing Opportunities Said Driving ERP Vendor's Growth

IQMS touts 20 percent growth in 2004, says 25 percent of new customers outside U.S. market

IQMS touts 20 percent growth in 2004, says 25 percent of new customers outside U.S. market

Paso Robles, CA — January 21, 2005 — Enterprise software vendor IQMS this week touted its 2004 growth, saying that the increased globalization of manufacturing business is driving growth opportunities for the Paso Robles, Calif.-based solution provider.

The developer of EnterpriseIQ, an enterprise resource planning (ERP) solution for repetitive, process and discrete manufacturing environments, IQMS said it achieved a 20 percent revenue growth last year. The company attributes this to double-digit growth in new system sales and positive revenue opportunities for the company's new professional services group.

For IQMS, this growth follows a 12 percent increase in new system sales and 17 percent revenue growth the company experienced in 2003.

In 2004, one in four new IQMS customers was located outside the U.S. market, including Mexico, Canada, Ireland, Sweden and China. The provider said that these new customers highlight IQMS' ability to serve the multi-lingual, multi-currency and multi-plant ERP needs of global manufacturers.

"Manufacturing around the world is becoming increasingly more connected," said Randy Flamm, president and founder of IQMS. "For IQMS, growth is coming from existing customers who are leveraging the benefits of EnterpriseIQ as they expand into other countries, and new customers who are seeing the advantages of EnterpriseIQ."

The company offers its EnterpriseIQ system in multiple languages with multi-currency capabilities. EnterpriseIQ is available in German, Dutch, Swedish and Spanish, with Chinese coming soon.

"Providing support for multi-language companies is essential to serving global manufacturers, and IQMS' expanded language and multi-currency offerings help global customers operate and communicate most effectively for maximum profitability," Flamm said.

The solution provider said that it offers a one-year money back guarantee and free upgrades for EnterpriseIQ, which is built around a single Oracle-based database solution.

In June 2004 IQMS launched a new Professional Services Group to provide implementation services for new customers as well as application analysis, which maps ERP functionality to specific customer needs. "In the past few years, we have seen companies make a greater investment in their people through training," Flamm said. "The IQMS Professional Services Group fills that need to help companies deal with both change management and technology that improves their business operation."

For more information on the challenges and opportunities presented by increasingly global supply chains, see the special in-depth report in the August/September 2004 issue of Supply & Demand Chain Executive, which includes the following articles:

For more information on the global supply chain, with a focus on security issues, see "Building the Secure Supply Chain," the Net Best Thing article in the June/July 2003 issue of iSource Business (now Supply & Demand Chain Executive) magazine.