Cam Systems B2B Platform Has Midas Touch

Midas, the business-to-business e-commerce platform from Cam Systems, has reached £1 million pounds worth of tyre transactions in a single business day, reflecting what the company believes to be an upward trend in e-commerce in the independent tyre industry.

The platform currently has over 31,000 user certificates, conducting 35,000 trades per month, equating to an average of nearly £15 million pounds worth of monthly tyre sales. This represents a multiplier of more than 10 times growth year on year, and highlights the importance some tyre retailers and wholesalers are placing on gaining efficiencies and speeding up processes significantly by conducting their transactions in real time, suggests the company.

Mike Allen, managing director of Cam Systems, states, “E-commerce is a further way that the independent tyre market can deliver significant efficiency savings into their businesses while operating professionally and smartly.  As the pioneer of the B2B e-commerce platform, Midas will continue to drive the industry forward in this arena and remain the market leading e-commerce solution for retailers and wholesalers.”