This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Fiber Optic Manufacturer M2fx Doubles Revenue In 18 Months Since Implementing QAD On Demand

Stocks in this article: QADA QADB

QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise software and services for global manufacturing companies, today announced m2fx, the British fiber optic cable and micro-duct manufacturer, has realized significant return on investment (ROI) as a result of utilizing QAD On Demand as their full-strength enterprise resource planning (ERP) cloud solution. QAD On Demand has supported the m2fx operations during an 18 month period when the inventor and manufacturer of Miniflex™ Fiber Cable doubled revenue.

“In 2011 we sought an ERP solution to support the company’s aggressive growth without taxing the budget and IT resources,” said Tom Carpenter, CEO of m2fx. “QAD On Demand stood out for its proven ERP functionality. QAD On Demand allows us to focus on growing our business, not the software.”

QAD On Demand Delivers Affordable Full-Strength ERP Functionality

Founded in 1994 as a telecommunications consultancy, m2fx began commercial manufacturing of their products in 2008. M2fx has catapulted to the forefront of fiber optic protection technology. Based in Suffolk, U.K., the company operates in multiple locations, and offers everything needed to install and protect raw fiber optics. “QAD On Demand has mitigated many of the IT and financial risks associated with a new ERP implementation, as all of the software, systems and infrastructure are managed and administered by QAD in a secure, reliable and industry compliant data center,” added Carpenter. “With QAD, we’ve benefited from a level of ERP functionality typically enjoyed by much larger companies, yet affordable and adaptable enough to support the company as it continues to expand.”

With QAD On Demand integrated globally across the functions of the company, m2fx has realized the following results:

  • On-time delivery at 95% or greater
  • Material shortages are less frequent since implementation
  • Key business metrics are measured and monitored from within the application
    • Real-time visibility of business data and ease of accessibility are significantly improved
  • Clear visibility into margin drivers so they can be proactively managed
  • Global visibility and access to one source of data for stock availability and production plans

“The merits of QAD On Demand are clear: a low capital expenditure with predictable operational expenditures, no server expertise required in-house and an extremely reliable cloud connection,” said Carpenter. “Moreover, QAD On Demand offers a responsive user experience, as fast if not faster than if the application were on our own local servers, and yet allows global access and cost-effective scalability. I look forward to a future of becoming an even more effective enterprise with QAD.”

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs