K3 exceeds budget for first six months of 2009


UK SYSPRO ERP specialist K3 Business Technology Group (K3) has welcomed its half-year results with cautious optimism. They exceeded the budget in H1 and the average order value is up by 50%, winning business from the larger players in the market.

Amid tough trading conditions, the Manchester-based company has secured important new contract wins and additional solutions contracts with existing customers reiterating how businesses are still looking for robust business systems that offer better value for money and lower cost of ownership to optimise their operations.

“We have exceeded our budget for the first half of the year and are seeing manufacturers continuing to invest in ERP solutions. They realise there’s an opportunity to become more efficient when the economy starts to recover and we are seeing new and existing customers continuing to invest in their computer systems solutions in all areas of their businesses,” says Howard Joseph, Managing Director, K3 Business Technology Group.

He added: “Moving forward, we still recognise there are difficult times ahead but we are upbeat about our first half results and cautiously optimistic about what the future holds.”

First half customers include world-leading packaging and promotional label innovator CCL Labels, Godwin Pumps, which specialises in Dri-Prime® fully automatic self-priming pumps, RAP (Rapid Action Packaging) dedicated to the design and manufacture of innovative, cost effective and environmentally responsible packaging solutions and market-leading medical device company, Frontier Medical Group. Other new customers come from industries as diverse as steel, construction products, plastics and aerospace.

Customers of K3 are recognising the utility of SYSPRO ERP for repetitive, customised, quick-turn and mixed-mode operations. The software enables discrete manufacturers to shrink the time to market from initial design through production and out of the factory gate, providing seamless integration with both financial and distribution modules. It also offers superior features for estimating, scheduling, costing, lot and serial tracking, as well as back-flushing, material verification, inventory optimisation and planning.

“Our customers know K3 can be relied upon to design and implement turnkey solutions and we are re-assured by this confidence in us. Not only has this been true of new customers but also some of our existing clients who have also approached us to provide valuable additional solutions,” concludes Howard Joseph.

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