|By Business Wire||
|January 29, 2014 08:03 AM EST||
QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise resource planning (ERP) solutions and services for global manufacturers, announced the release of QAD Enterprise Applications 2013.1 Enterprise Edition. The latest QAD release, which contains multiple updates and enhancements, focuses on the intersection of QAD products, customers’ manufacturing business processes and end-user experience. More details are available in a recently published video overview.
Products: With every release, QAD enhances functionality to better address challenges facing global manufacturers. The following areas were areas of focus with the latest release.
- Analytics: Visualization and analysis of data is now even easier with updates to QAD Operational Metrics, Reporting Framework, and Business Intelligence, allowing customers to make better decisions, track performance and better support their business goals.
- Enterprise Asset Management (EAM): The latest version of EAM now seamlessly integrates into other areas of Enterprise Applications, and helps customers improve utilization, increase efficiency and decrease costs for easier management of valuable physical assets.
- Supply Chain Portal: The underlying technology of QAD’s collaborative portal got a major upgrade, improving performance and increasing full supply chain visibility improving real-time communication and tracking of orders and shipments.
- Trade Promotions Management (TPM): TPM, a new functionality available to early adopters, is built for companies dealing with complex promotional spends. TPM gives full visibility of spend and results, allowing easier management of promotional impact.
Processes: QAD has always focused on process tools that make it easier for customers to get things done efficiently, consistently and effectively.
- Business Process Management (BPM): BPM, a fully embedded tool, allows companies to model business processes, and measure their effectiveness for constant optimization and improvement.
- Upgrades: Dashboards, financials, reports, browses, internationalization, process maps, Q-Xtend, and .NET UI can now be upgraded independently, allowing customers to upgrade parts of their application, reducing risk and time to benefit.
- Serialization, Item Attributes & Quality: Product recalls can be dramatically simplified with these new tools which improve efficiency, ensure accuracy, manage quality and track and trace products. They are available to early adopters.
People: User experience is another area of focus, and it varies by role and location. These enhancements make it easier for end-users to get the job done.
- Role-Based Dashboards: The latest release offers 20 different dashboards, making it easy for end-users to only see information that is relevant to them without the distraction of extraneous information.
- Internationalization: The new QAD 2013.1 adds four countries to Internationalization (Brazil, Bulgaria, Italy, Philippines). For companies doing business globally, Internationalization is crucial to meeting local country requirements. The total number of countries supported is now 46.
“Our goal is to help all of our customers become the most Effective Enterprise possible. We focused on our customers’ needs and we’re very excited about the products, processes and people upgrades and new capabilities of this QAD Enterprise Applications 2013.1 release,” said Bill Keese, senior vice president of research and development at QAD.
For more information, please visit qad.com.
About QAD – The Effective Enterprise
QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB) is a leading provider of enterprise software and services designed for global manufacturing companies. For more than 30 years, QAD has provided global manufacturing companies with an enterprise resource planning (ERP) system that supports operational requirements; including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management. QAD offers flexible deployment options like QAD On Premise software and QAD On Demand software-as-a-service. Customers can operate in a blended environment where some users can be deployed On Premise and some users deployed via On Demand while offering the same end-user experience. With QAD, customers and partners in the automotive, consumer products, food and beverage, high technology, industrial products and life sciences industries can better align daily operations with their strategic goals to meet their vision of becoming more Effective Enterprises.
For more information about QAD, telephone +1 805-566-6000, visit www.qad.com.
“QAD” is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners.
Note to Investors: This press release contains certain forward-looking statements made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expects”, “believes”, “anticipates”, “could”, “will likely result”, “estimates”, “intends”, “may”, “projects”, “should”, and variations of these words and similar expressions are intended to identify these forward looking statements. Forward-looking statements are based on the company’s current expectations and assumptions regarding its business, the economy and future conditions. A number of risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. These risks include, but are not limited to, evolving demand for the company's software products and products that operate with the company's products; the company's ability to sustain license and service demand; the company's ability to leverage changes in technology; the company's ability to sustain customer renewal rates at current levels; the publication of opinions by industry and financial analysts about the company, its products and technology; the reliability of estimates of transaction and integration costs and benefits; the entry of new competitors or new offerings by existing competitors and the associated announcement of new products and technological advances by them; delays in localizing the company's products for new or existing markets; the ability to recruit and retain key personnel; delays in sales as a result of lengthy sales cycles; changes in operating expenses, pricing, timing of new product releases, the method of product distribution or product mix; timely and effective integration of newly acquired businesses; general economic conditions; exchange rate fluctuations; and, the global political environment. In addition, revenue and earnings in the enterprise resource planning (ERP) software industry are subject to fluctuations. Software license revenue, in particular, is subject to variability with a significant proportion of revenue earned in the last month of each quarter. Given the high margins associated with license revenue, modest fluctuations can have a substantial impact on net income. Investors should not use any one quarter's results as a benchmark for future performance. For a more detailed description of the risk factors associated with the company and the industries in which it operates, please refer to the company's Annual Report on Form 10-K for fiscal 2013 ended January 31, 2013, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission.
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