20.11.2008 14:00:00
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Lawson for Equipment Service Management & Rental to Help Heavy Equipment Dealers Improve Profitability and Customer Service
Lawson Software (Nasdaq: LWSN) today announced the availability of Lawson for Equipment Service Management & Rental, a package of flexible business applications designed to help equipment dealers improve customer service and profitability throughout the lifecycle of every piece of equipment they sell or rent.
Lawson for Equipment Service Management & Rental helps equipment dealers manage equipment from initial sale through its useful life until disposal. It supports integration across a dealer’s global supply chains and links back to the equipment manufacturers. It also helps improve integration across the dealer’s internal sales, finance, service, warranty and rental departments. This integration helps dealers more quickly process customer orders and warranty claims. The software also helps dealers plan and schedule future service requirements based on the maintenance programs of their customers’ equipment currently in the field to help better predict future parts and labor demands.
Finning International, the world’s largest Caterpillar equipment dealer, is a pilot customer for Lawson for Equipment Service Management & Rental. The company has 14,000 employees in Canada, the United Kingdom, Chile, Argentina, Uruguay and Bolivia. Finning serves a range of industrial markets, including oilsands and mining, forestry, construction, oil and gas, government, marine, transportation and commercial transport.
"Equipment dealers operate so differently from almost any other business, so for Lawson to design a package just for our industry provides a great opportunity to increase profitability and deliver outstanding customer service more efficiently,” said Jeff Leigh, vice president of Business Processes and Systems at Finning. "It’s all about visibility, from understanding total cost per hour per machine, to developing the right preventive maintenance schedule for each piece of equipment, to being able to quickly get the right warranty information. It simply helps us be more proactive in managing our business.”
One of the heavy equipment industry’s unique business challenges is providing fast equipment service—whether the equipment breaks down in a remote location or is in a depot for scheduled maintenance. Lawson for Equipment Service Management & Rental helps dealers improve the efficiency of after-sales service—from breakdown service and hose assembly to machine overhauls—by helping them ensure the right parts, tools and service engineers are available when and where needed. This ultimately helps dealers enhance customer satisfaction by minimizing work-in-progress and equipment downtime.
Efficient scheduling of field service staff is another key business challenge for equipment dealers. "By implementing field service applications, many companies mentioned better visibility into field operations as the primary benefit. This included visibility into not only the location of field staff, but also the service tasks being performed and their status. None of the companies mentioned this as a trust issue. Rather, they were looking for increased visibility to improve scheduling. This increase in visibility often cascaded down into many other benefits, including increased employee and customer satisfaction,” wrote William McNeill and Chris Fletcher, AMR Research, in an Oct. 6, 2008, report, "Field Service Landscape: Huge Potential, but Still Addressing Basic Service Needs.”
Lawson for Equipment Service Management & Rental can help dealers improve scheduling of field service technicians to increase billable hours and reduce overtime costs.
Rental companies also can use Lawson for Equipment Service Management & Rental to help them more effectively manage equipment availability, allocation, delivery and returns. This in turn enables them to proactively schedule equipment maintenance to help reduce the time before the next rental and maximize use of their existing equipment. The new software package also helps rental companies measure their profitability against performance goals by automatically tracking equipment usage rates and supporting equipment downtime analysis.
More information about Lawson for Equipment Service Management & Rental, including product demonstrations, is available at http://equipment.lawson.com.
"Lawson for Equipment Service Management & Rental helps dealers enter into customer relationships with confidence they can deliver on their service contracts,” said Andreas Hellstrom, industry strategy director for Lawson. "Our intuitive applications also help speed user adoption, which can translate into a strong return on investment. Most importantly, we have a reputation for fast implementations based on a modern platform and deep industry knowledge. Our customers have told us that a dealer-specific solution that’s easy to install and use is something that’s been badly needed in this industry.”
About Lawson Software
Lawson Software provides software and service solutions to 4,500 customers in manufacturing, distribution, maintenance, healthcare and service sector industries across 40 countries. Lawson's solutions include Enterprise Performance Management, Supply Chain Management, Enterprise Resource Planning, Customer Relationship Management, Manufacturing Resource Planning, Enterprise Asset Management and industry-tailored applications. Lawson solutions assist customers in simplifying their businesses or organizations by helping them streamline processes, reduce costs and enhance business or operational performance. Lawson is headquartered in St. Paul, Minn., and has offices around the world. Visit Lawson online at www.lawson.com.
Forward-Looking Statements
This press release contains forward-looking statements that contain risks and uncertainties. These forward-looking statements contain statements of intent, belief or current expectations of Lawson Software and its management. Such forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company is not obligated to update forward-looking statements based on circumstances or events that occur in the future. Risks and uncertainties that may cause such differences include but are not limited to: uncertainties in uncertainties in the software industry; uncertainties as to when and whether the conditions for the recognition of deferred revenue will be satisfied; increased competition; general economic conditions; continuation of the global credit crisis; global military conflicts; terrorist attacks; pandemics, and any future events in response to these developments; changes in conditions in the company's targeted industries and other risk factors listed in the company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. Lawson assumes no obligation to update any forward-looking information contained in this press release.
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