Plex Adds Budgeting, Financial Forecasting

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plex Web site

AUBURN HILLS — Plex Systems Inc., the manufacturing management software developer, said Monday that it had added seamless integration to the budgeting, forecasting and reporting software from Mountain View, Calif.-based Adaptive Planning.

Plex Systems’ finance department selected Adaptive Planning for their internal budgeting, forecasting, and reporting needs. After experiencing great success using Adaptive Planning, the company’s executive team decided to offer the application to Plex customers.

In fact, customer feedback from Plex Systems’ customer advisory board elevated the need for more robust budgeting and reporting capabilities. To provide these capabilities, the companies developed seamless integration between their applications using the PlexSystems Connector.

“We chose Adaptive Planning internally because we needed a robust solution for financial planning,” said Plex Systems CFO Michael Twarozynski. “We decided that with such a feature-rich application already on the market — one which works extremely well for manufacturing companies — it didn’t make sense to build a solution in-house. Now Plex Online customers can benefit from the same capabilities our finance team has leveraged for financial planning and reporting.”

“We are happy to expand our relationship with Plex Systems from a satisfied customer into a strategic channel partner,” said John Herr, CEO, Adaptive Planning.  “The fact that both of our companies have a very strong base of manufacturing customers makes this partnership a natural one.  We look forward to working closely together to deliver enhanced budgeting, forecasting and reporting solutions to the Plex Online user community.”

Plex Online offers industry-leading features for virtually every department within a manufacturer, including manufacturing execution system and quality management system for the shop floor, supply chain management for procurement, enterprise resource planning for finance and management, and business intelligence for executive management. Plex Online’s comprehensive functional coverage delivers a “shop floor to top floor” view of a manufacturer’s operations, enabling management to run its business at maximum efficiency.

More at www.plex.com.

Adaptive Planning offers cloud-based corporate performance management systems for companies and nonprofits of all sizes.  The company’s software as a service platform allows finance and management teams to work together to plan, monitor, report on, and analyze financial and operational performance. Adaptive Planning is being used by over 1,200 organizations worldwide, from midsized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Vail Resorts.

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