In August of 2014, IQMS, a leading software provider of ERP and MES solutions for manufacturing companies, received an investment from Technology Crossover Ventures (TCV). Subsequently, a new management team was formed, which is now led by Gary Nemmers as CEO.
The new management team is responsible for hundreds of new customers, improved support of existing customers, and a well-defined product innovation roadmap, including a device-independent version set to go live by the end of 2017.
IQMS and the Manufacturing Industry
Steve Bieszczat, Chief Marketing Officer, kicked off the conference with a summary of the top issues facing US-based manufacturing companies. The manufacturing industry has quadrupled output in the past 10 years, which has been driven by lean manufacturing and automation, in addition to quality improvements and value-added services.
IQMS has a few advantages over other ERP solutions in the market, especially in the areas of quality management and shop floor execution. These features support the future of manufacturing, which is looking to be a next step level increase in output.
IQMS 2017 Plan
After Steve’s introduction, he introduced Dymotek, IQMS’s Customer of the Year and 2017 Plastics Processor of the Year. Steve then introduced key members of executive team, in addition to Oracle, who was discussing their new ideas and direction of the firm for the foreseeable future.
IQMS plans to make waves in the following areas in 2017:
- Release 15.3 focus in high driven quality
- Introduce WebIQ, which allows the solution to run in a browser that eliminates the client layer, and enables running on tablets, phones, etc.
- New business intelligence (BI) tool in collaboration with Oracle Cloud
- Continuum of training, lean, and getting more out of IQMS ERP
Next up was Will Childs, an Oracle Director of ISV Cloud Business Development and Strategy, who brought a technologist’s view of the future of data and the Internet. He established that data is the real disruptor to businesses today. Examples include:
- Uber – the largest taxi company in the world that doesn’t own an actual taxi
- Facebook – the largest media company in the world that owns no media
- AirBnb – the largest hotel chain in the world that owns no hotels
- Alibaba – the largest retailer in the world
He went on to say we are breaking the internet with HUGE amounts of data, and how this data provides opportunity for businesses.
Hot Topics in Developing an ERP Roadmap
Rob Wiersma, VP Product Management and Strategy, provided the framework of which areas IQMS would be targeting based on where US manufacturing companies see their growth potential. He hit on a number of “hot topics” affecting the development roadmap of ERP systems:
- The Industrial Internet of Things (IIOT) is a disruptor, and the smart factory of the future has massive data needs
- US Manufacturing’s growth is both organic and via acquisition, therefore, the ability to (re)configure financials to mirror corporate structure is critical to understanding profitability
- To meet the standards in regulatory compliance and quality standards and not hold back growth, ERP vendors need to react quickly to support existing customers
Current and Future Goals for IQMS
Therefore, it is not a surprise the key improvements to IQMS in 2017 are:
- Financial Configuration
- Business Analytics
- Track and Trace
- User-friendly shop floor experience
- WebIQ (browser version)
Then in 2018, IQMS will target improvements in charts and profile curves, regulatory and quality, engineering quotes and flexible configuration scheduling / what if modeling.
Dan Radunz, CTO, stepped into the details of WebIQ by informing the user group they are remodeling 4,600 IQMS screens for web enablement.
WebIQ is projected to provide a 60% reduction in back-end computing. He also touted the new Oracle Cloud BI tool as the tool that gives users the ability to replace many reports created previously in Crystal Reports.
Cheri Williams, SR VP Professional Services, said the company is refocusing their services approach and driving continued implementation of new features and functions within the existing customer base.
Additionally, they are pushing into new markets and partnerships internationally to bring IQMS to the rest of the world.
To help customers keep up with all the new capabilities of IQMS, they are offering three levels of training: person-to-person, on demand e-learning, and narrated videos. This triple threat of ERP education and training should help IQMS customers stay in front of their competitors.
To learn more about IQMS, visit their website here.