Plex Systems, Inc.
1731 Harmon Rd.
Auburn Hills, MI 48326-1549
Plex Systems began as an internal IT project at an automotive parts manufacturer, MSI, in 1989. The company was formed as Plexus Systems LLC in 1995, providing client/server manufacturing software based on Progress Software’s database technology. The company began offering its software via the software as a service (SaaS) model when Plexus Online was launched in 2001. In 2009, the company changed its name to Plex Systems. In 2012, funds advised by Apax Partners sold Plex Systems, Inc.to Francisco Partners.
In 2013, the company announced it served nearly 400 customers representing more than 1100 manufacturing production lines. The company also expanded into new industries and continued to build out a world-class management team with key leadership additions, many from Oracle and Eloqua. During that time, the company expanded its North American operations with new facilities in Michigan and California, and now has more than 365 employees.
In 2014, Plex Systems closed $50 million in new financing. The round was led by funds and institutional accounts managed by T. Rowe Price Associates, Inc., with participation from existing Plex investor Accel Partners.
Plex Online is a Cloud ERP system targeted strictly to manufacturing organizations with a specific focus on aerospace, automotive, medical devices, food and beverage, precision metal fabrication, as well as general industrial manufacturing. 100% of their revenues are derived in the manufacturing sector. Plex got their start in the automotive marketplace and has expanded out to many industries requiring product traceability.
ERP Software Products
There are 5 key software areas within the Plex Online service.
- Quality Management Systems
- Manufacturing Execution Systems
- Supply Chain
Introduced in 2014, Plex Enterprise Edition builds on the momentum Plex has achieved within the global manufacturing community—the company now supports customers operating across 1,100 facilities in 20 countries, in nine languages. Built in close collaboration with Plex customers such as Inteva Products, the offering allows large manufacturers to centralize purchasing, cash management, invoicing, and reporting in the cloud. The offering also provides consolidated visibility and insight across the entire business (from raw materials and suppliers to end customers), as well as deep-dive analysis of specific plants and products via Plex’s embedded business intelligence (BI) in the IntelliPlex module.
Plex Enterprise Financials, generally available now, include the following capabilities:
- Accounting with enterprise chart of accounts management, general ledger structures, inter-entity journal accounting, inventory transfers, and consolidated financial reporting
- Cash management for consolidated banking needs, including centralized payments, receipts, and account reconciliation
- Value Add Tax (VAT) calculations for customers across the European Union, including reverse charges on cross-border shipment of goods
- Integrated national and local tax calculation solutions for manufacturers in Brazil
Companies and their partners can get started with a basic Internet connection.
Plex delivers its On Demand solutions through secure data centers built from the ground up for continuous, secure, and reliable Web-based service delivery.
With no need to license costly software or hardware or hire expensive implementation services, there is a lower cost of entry. Typical break-even at 5 years.
Plex’s rapid application development (RAD) process and SaaS model deliver daily functionality enhancements and upgrades automatically and free to all customers.
Plex Online ERP is delivered as Software as a Service (SaaS) or Cloud ERP solution. Cloud Computing or Cloud ERP means the software application is available “in the cloud” hosted by the vendor via state-of-the-art data centers. The SaaS model requires the customer pay a monthly subscription fee that includes software, hardware, maintenance and support.
Plex Online is marketed through a direct sales channel with implementation relationships with various consulting firms.
Plex markets their products through a direct sales channel with a sales force based throughout North America and Germany, reporting to their Michigan and California offices.