in The Forrester Wave™: Digital Operations Platforms For Manufacturing Businesses, Q3 2020.
Bring different units of your company together while standardizing and automating processes to reduce errors, cut costs, and speed up operations.
Plex enables you to harmonize your data and prevent accounting errors by helping you manage hierarchical relationships between your business entities.
Plex supports tax structures and calculations for compliance and government reporting, along with complete audit trail reporting.
Translate multi-currency values for revenue and expense accounts using monthly average exchange rates and, for balance sheet accounts, spot rates. You can also report across entities and transfer inventory between entities in real time.
Gain enterprise-wide visibility into vendor activity as well as centrally negotiated terms with suppliers as you control payments and receipts through a single treasury function. While entities manage their own sales and purchasing activities, you can process a single payment or receipt that covers supplier and customer invoices across entities respectively, taking advantage of bulk discounts.
With an integrated view of inventory and production capacity, you can maintain one centralized catalog price list for all items across the enterprise, giving each entity a choice to use localized or centralized pricing, discount levels, and currencies. You can set and check credit limits of your customers across the enterprise, no matter which connected entity is booking the sales order.
Plex allows you to issue a consolidated purchase order for your enterprise, taking advantage of bulk purchases, consistent low pricing, and a single point-of-supplier relationship. You can also issue purchase orders that will automatically be assigned to your other entities.
"We felt Plex was a much better fit for us because it is designed specifically for manufacturers.”
IT Director, AccurideLearn More
"In the early days of our company, an assembly that had 15 parts led to manually chasing everything and keeping track through every step on paper. Now, we are making items with hundreds of part numbers that go into one assembly."
Director of IT, G&W ProductsLearn More
"We gained a better understanding and control of our inventory and increased our operational efficiencies. We’ve also reduced human errors, decreased ourscrap rates, and increased the quality of our product by identifying production errors earlier in the process."
Vice President of IT, Motus Integrated TechnologiesLearn More