Feb 28, 2019   SOURCE: PR NewsWire

DemandCaster Grows Annual Recurring Revenue by 95 Percent

TROY, Mich., Feb. 28, 2019 /PRNewswire/ -- DemandCaster, the leader in cloud software for agile, end-to-end supply chain planning, today announced it achieved record growth in 2018. In the past year, DemandCaster, an independent business unit of Plex Systems, introduced enhanced product capabilities, expanded its base of subscribed customers, and grew its annual recurring revenue by 95 percent. Accomplishments included:

Improved Product Capabilities and ERP System Integration

    --  DemandCaster enhanced the analytics capabilities within the platform
        leading to deeper insights for optimizing inventory levels. The new
        analytics recommend the best forecasting/planning approach for each item
        by considering an item's sales history, business importance, and
        expected demand to allow for faster and more informed stocking
        decisions.
    --  DemandCaster software recertified as a Built for Oracle NetSuite
        Integrated SuiteApp for the third consecutive year. Companies that
        leverage NetSuite as their ERP system benefit from the API-driven
        integration which enables fully automated bi-directional data exchange.
        This high level of automation increases accuracy by eliminating
        error-prone spreadsheets from the planning process and also drives
        efficiencies by empowering planners to seamlessly move from forecasting
        and planning to the execution of orders in NetSuite ERP.

Global Brand Growth

    --  DemandCaster achieved significant market traction in 2018, attracting
        new customers from around the world. New customers include manufacturers
        and distributors of consumer and industrial products within several
        vertical industries including food and beverage, health and beauty, pet
        care, home goods, medical devices, and industrial sensors. DemandCaster
        is now used in 10 countries.
    --  Companies like ASK Power, STM Brands and TCHO Chocolate are using
        DemandCaster to effectively maintain inventory levels that balance their
        service goals with their financial objectives.

Recognition for Industry Leadership & Team Expansion

    --  DemandCaster was recognized by CIOReview magazine as one of the "10 Most
        Promising Demand Forecasting Solution Providers."
    --  DemandCaster welcomed General Manager Tom Nessen and added key roles in
        sales, professional services, and customer support. It also expanded
        brand awareness with the launch of a new website.

"We're extraordinarily proud of our recent achievements, but we're even more proud of our ability to deliver powerful and intuitive enterprise-level capabilities that enable planning teams to be more agile and proactive," said Tom Nessen, General Manager, DemandCaster. "We look forward to enhancing our solutions in 2019 to help our customers take advantage of the efficiency, growth and innovation offered by fully digital, connected and automated supply chains."

DemandCaster's 2019 roadmap activities include expanded forecasting and predictive analytics enabled by machine learning and Industrial Internet of Things (IoT). These updates and enhancements will help companies become more efficient and profitable by deriving value from the supply chain, transforming the planning function into a growth driver.

About DemandCaster
DemandCaster supply chain planning software empowers organizations around the globe to stay ahead of the unexpected with insight and agility. DemandCaster's cloud-based software solutions are designed to integrate with virtually any ERP system to help companies of all sizes and complexity accurately forecast demand, optimize inventory, support sales & operations planning, and efficiently execute day-to-day operations. DemandCaster turns the agile supply chain planning process into a continuous driver of efficiency, profitability, and growth. DemandCaster is an independent business unit of Plex Systems. Learn more at www.DemandCaster.com.

About Plex Systems
Plex is the Manufacturing Cloud, delivering industry-leading ERP and manufacturing automation to more than 600 companies across process and discrete industries. Plex pioneered Cloud solutions for the shop floor, connecting suppliers, machines, people, systems and customers with capabilities that are easy to configure, deliver continuous innovation and reduce IT costs. With insight that starts on the production line, Plex helps companies see and understand every aspect of their business ecosystems, enabling them to lead in an ever-changing market. Learn more at www.plex.com.

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SOURCE Plex Systems