Plex Online Offers Fixed Asset Tracking for Improved Accuracy, Decision Making

AUBURN HILLS, Mich., April 17, 2009 /PRNewswire via COMTEX/ -- Plex Systems, Inc., providers of Plex Online software for the manufacturing enterprise, today announced availability of automated fixed asset tracking capabilities. The Plex Online integrated ERP system delivered as a Software as a Service (SaaS) solution lets manufacturers easily track the useful life of office equipment, computer equipment, vehicles and machinery. The system gives a thorough overview of a company's fixed assets at every stage, and provides reliable information for planning new investments.

For many manufacturers, tracking and calculating fixed asset depreciation schedules requires supporting and maintaining standalone accounting system or manual journal entries. Plex Online aggregates depreciation tracking for ease of monitoring on the balance sheet. Plex Online instantly moves fixed asset management data from accounting to the General Ledger for consistency of information and reduced risk of errors caused by manual entry.

Said Mark Symonds, CEO and president, Plex Systems, Inc., "Manufacturers are under tremendous competitive and cost pressures. Now, Plex Online lets these companies see in an instant what costly assets are really worth to improve the processes of procuring, tracking and managing assets. Plus, they no longer need to support a separate asset system and benefit from improved decision making." About Plex Systems, Inc.

Plex Systems, Inc. is the developer of Plex Online, a software as a service (SaaS) solution for manufacturers. Plex Online offers industry-leading features for virtually every department within manufacturers, including Manufacturing Execution Systems (MES) and Quality Management Systems (QMS) for the shop floor, Customer Relationship Management (CRM) for sales and marketing, Supply Chain Management (SCM) for procurement, and Enterprise Resource Planning (ERP) for finance and management. Plex Online's fully-integrated model delivers a "shop floor to top floor" view of a manufacturer's operations, enabling management to run their business at maximum efficiency. Founded in 1995 as Plex Systems, Inc., the company is headquartered in Auburn Hills, Michigan, with customers around the globe. More information is online at www.plex.com.

Plex Systems and Plex Online are trademarks of Plex Systems, Inc.