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Showing posts with label enterprise market. Show all posts
Showing posts with label enterprise market. Show all posts

Wednesday, September 16, 2015

Mayflex Makes Connections With IBS

British-based distributor Mayflex is a successful, privately-owned distributor with a respected name and a proven track record in partnering installers and integrators. Mayflex needed to find supply chain software for its complex distribution network and systems. The business had grown at such a rapid rate that it became necessary to consolidate all the old software into one new integrated solution.

The company also found it very difficult to trace financial transactions that originated from sales orders. Other problems included the lack of an integrated warehouse management system with links to radio-frequency bar code readers and the ability to cope with the company’s complex pricing and discount structures. The old software was unable to handle customer queries and supplier claims.

Mayflex evaluated six different software solutions before selecting the integrated supply chain software solution, IBS Enterprise. Since the initial implementation, state-of-the-art automated storage devices have been installed with interfaces to IBS Enterprise, providing a 100 percent automated pick and pack process. Sales orders are picked quickly, correctly and efficiently. Consignment stock warehouses are easier to maintain, and reconciliation of customer returns is streamlined. Credit control information such as customer status, transactions and payment details make the process of resolving customer debt more visible and easier to control. Financial postings derived from transactions within distribution can be traced back through to the original transaction, resulting in ease of reconciliation and/or investigation.

To read more and watch a video interview with Mayflex decision-makers, visit the IBS Case Studies webpage.


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Monday, October 8, 2007

Announcing Exact Software Acquisition to Longview Solutions

Exact Software, one of the world’s leading providers of business software solutions and Longview Solutions, a leading provider of Corporate Performance Management (CPM) software solutions, jointly announced the signing of an agreement for Exact to acquire Longview on September 17, 2007.

This strategic acquisition will strengthen Exact’s business empowerment software portfolio by adding Longview’s powerful CPM platform, and will accelerate Exact’s expansion into the higher end of the mid-market. In turn, Longview will benefit from Exact’s financial strength and geographic footprint as it continues to deliver best-in-class CPM software and services to the enterprise market and further expands into the mid-market.

The planned acquisition contemplates an all-cash purchase price of approximately USD 51.5 million on a cash-free and debt-free basis, representing a revenue multiple of 1.8. The acquisition is expected to enhance Exact’s cash EPS from the beginning, but will have limited impact on Exact’s net result in 2007 due to the transaction date. The transaction is subject to customary closing conditions and is expected to close on or before November 15, 2007.

The strategic fit of this acquisition is excellent. Longview will broaden our solution portfolio beyond traditional ERP and the complementary market focus facilitates our expansion in the higher end of the mid-market,” said Raj Patel, CEO of Exact. “We are very excited about and absolutely committed to Longview’s proven technology, the quality and knowledge of its employees, and its diverse and distinguished customer base. It also enables our mid-market customer base to benefit from Longview’s experience and expertise in performance management. This is a milestone for Exact in executing our strategy towards becoming the leading business empowerment software company.”

“We are very excited to be joining the Exact family. The two organizations and our respective product suites complement each other very well,” said Mark E. Burton, President and CEO of Longview. “Longview has long been recognized as a visionary and technology leader in corporate performance management. This acquisition will allow us to continue to deliver on Longview’s technology roadmap and accelerate the execution of our sales and marketing strategy. In addition, we believe that a significant number of our customers could benefit from the Exact e-Synergy platform.”

For more information contact Exact Software at http://www.exactamerica.com.

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