IFS vice-president for Southeast Asia Sridharan Arumugam said there is a rising awareness among Malaysian enterprises to implement ERP solutions.
ERP adoption by enterprises now is growing at a moderate pace of seven to 10 per cent per annum in the region, as well as in
"In the late 1990s and early 2000s, the growth was not that much. But since
"As size of companies expand, market players are no longer playing in their own backyard ... they are involved in global environment, and compete with international companies," he said in an interview with Business Times.
ERP is a business solution that helps make business more brisk. It covers multifaceted requirements of different segments in an organisation - such as finance, human resources, and sales and manufacturing - enabling it to address company needs in a holistic manner.
"Manual operation is bound to have certain extent of mistakes. But if this happens in large-scale businesses, a small mistake could easily cost them millions.
"Companies could hardly afford these small mistakes," Sridharan said.
The company plans to replicate its position as a global ERP solutions leader in
"We want to be market leader in providing ERP solutions to the oil and gas sector as well as asset-intensive industries," he noted.
He strongly believes the targets above are achievable by riding on the prosperous oil and gas sector.
IFS would also like to tap into National key Economic Areas under the Economic Transformation Programme such as energy, utilities, manufacturing, construction and automotive industries, which offer a great prospect for the company over the medium and long term.
Sridharan, who has 18 years of vast working experience in the industry, said the company plans to double the size of Asean's revenue and workforce over the next three years. IFS now employs 50 consultants across Asean.
Without disclosing the company's sales figures, he said medium and large enterprises are IFS' main sources of income.
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