NEWS RELEASE: Specialty Vehicle Manufacturers Have Issues with ERP: Cincom Report

When it comes to ERP systems, specialty vehicle manufacturers have apparently chosen unwisely. None of those surveyed said their ERP systems exceeded their expectations. Most (50%) classified themselves as having an ERP system that “sometimes inhibits their ability.” While 40% report that their ERP systems provide “valuable information but also require frequent workarounds and customized data extracts.”

None of the transportation and specialty vehicle manufacturers surveyed said their ERP systems exceeded their expectations.

This is according to a 2009 research report by software maker Cincom Systems (http://www.cincom.com/erp) based on a national survey to sales and IT executives that sheds light on how these transportation and specialty vehicle manufacturing organizations are managing their businesses for increased efficiency and effectiveness.

“Clearly there is tremendous opportunity for those specialty vehicle manufacturers willing to invest in new technology to leapfrog their competition and realize a significant market advantage,” says Lou Washington, co-author of the report.

REPORTING VARIES

Only 30% of respondents initially integrate their accounting, finance and sales systems first. Fifty percent of transportation and specialty vehicle manufacturers have no project-management integration with accounting, finance or customer management systems. This creates a large gap between rapidly advancing manufacturers that are creating profit and loss statements per project and those that lack insight into the profitability by project on an ongoing basis.

50% of transportation and specialty vehicle manufacturers have no project-management integration with accounting, finance or customer management systems.

“Given these disparities, this segment is probably looking at a shakeout in the near future,” says Washington. “The recovery will bring the strong more opportunity faster and leave the weak in a weaker position than they occupy now.”

For a copy of Cincom’s “2009 Transportation and Specialty Vehicle Industry Survey Report,” visit http://www.cincom.com/vehicle.

ABOUT CINCOM SYSTEMS

For over 40 years, Cincom’s problem-solving software, services and people have helped thousands of companies all over the world grow and manage their businesses. For more information about Cincom’s products and services, contact Cincom at 1-800-2CINCOM (USA only), send an e-mail to info@cincom.com or visit the company’s website at www.cincom.com.

RELATED LINKS:

Cincom Systems website
http://www.cincom.com

Cincom Acquire™ manufacturing website
http://www.cincomacquire.com

Cincom Enterprise manufacturing website
http://www.cincomerp.com

2009 Transportation and Specialty Vehicle Industry Survey Report
http://www.cincom.com/vehicle