Wellesley, MA - May 18, 2009 - THINKstrategies, Inc., the leading strategic consulting company focused on the business implications of the on-demand services market, announced today that Plex Systems, Inc. has been named the latest winner of the Best of SaaS Showplace (BoSS) Awards program, which is aimed at promoting the measurable business benefits being delivered by today's Software-as-a-Service (SaaS) solutions.
The BoSS Awards program was announced in January 2009 as the latest initiative by THINKstrategies to bring attention to SaaS and cloud computing companies which are producing tangible business benefits for specific user organizations. These benefits include increased sales, lower costs, higher customer satisfaction, faster operations, and greater profitability.
Plex Systems, the developer of the Plex Online SaaS solution for the manufacturing sector, has been selected as the latest winner of the BoSS Award because of the quantifiable business benefits its solution has generated for a wide array of companies.
For example, within the first 19 months after implementing Plex Online's well-documented, easily accessible corrective action database that includes an automatic workflow for the supplier chargeback process, Magna Powertrain's New Process Gear operation recovered an amount nearly double its investment cost in the entire system.
OKAY Industries has been growing at rates of more than 17 percent each year since it deployed the Plex Online solution in 2007. Sales grew 19 percent in 2008 alone. Plex Online also helped OKAY Industries improve its operating efficiency from 93 percent in 2006 to 97 percent in 2008. In 2006, OKAY Industries recorded on-time shipping of 99 percent. In 2008, the company recorded 99.6 percent on-time shipping.
With Plex Online, Jagemann Stamping Company was able to redeploy IT resources to continual improvement projects, generating savings of over $200,000 in the first three months alone.
"We are pleased to be able to bring manufacturers an enterprise software solution with a proven return on investment," stated Mark Symonds, president & CEO of Plex Systems, "and we are very proud that the SaaS Showplace has recognized the measurable business benefits our customers are experiencing from Plex Online."
"One of the common myths about SaaS is that companies cannot run their businesses on these online services," stated Jeffrey M. Kaplan, the founder of the SaaS Showplace and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace. "Plex Systems' numerous customer success stories clearly demonstrate that SaaS solutions can produce significant business benefits to companies of all sizes."
The BoSS Award program is an ongoing initiative to identify and promote SaaS, and 'cloud computing', companies which are offering on-demand solutions which are generating measurable business benefits for their customers.
BoSS award winners are given special designation on the SaaS Showplace, with a summary of their award-winning solution(s) and customer success story. Award winners are also recognized in the SaaS Showplace newsletter, and are able to promote their award designation on their website and in pre-approved company material.
IT/business decision-makers a quick directory of the leading SaaS providers and a convenient source of valuable insight regarding SaaS trends.
SaaS providers a targeted tool to increase their visibility among enterprise decision-makers, and gain access to key enabling technology suppliers.
Enabling technology suppliers a specialized platform to increase industry awareness regarding their SaaS solutions.
The SaaS Showplace is now the largest and highest ranked, vendor-independent, online directory and resource center of industry best practices in the SaaS market. For more information, go to www.saas-showplace.com or www.thinksaas.com.
# # #
About THINKstrategies, Inc.
THINKstrategies, Inc. is the only strategic consulting services company formed specifically to address the unprecedented business challenges facing IT managers, solutions providers and investors today as the technology industry shifts toward a services orientation.
THINKstrategies' mission is to help our clients re-THINK their corporate strategies, and refocus their limited resources to achieve their business objectives. THINKstrategies helps enterprise decision-makers with their sourcing strategies, IT solutions providers with their marketing strategies, and VCs with their investment strategies.