PRECISION Transportation Management Solutions Earns Supply Chain Innovation Award
Terrapinn Survey Respondents Cite “Innovative Simplicity, Rapid ROI and Efficient Implementation” as Key Benefits of Precision Software
SANTA BARBARA, Calif. — September 06, 2013 — Precision Software, a division of QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), and a leading provider of industry-leading transportation and global trade management software solutions, today announced it has earned an innovation award from Terrapinn Limited. PRECISION was recognized for its innovative approach to solving transportation, logistics, and supply chain challenges based on interviews with business to consumer (B2C) customers and research conducted by Terrapinn.
PRECISION Delivers Simplicity, Rapid ROI and Efficient Implementation
“Precision Software is recognized for its innovative solutions that enable customers to reduce overall transportation and trade costs,” said Emma Williams, business development manager at Terrapinn Limited. “According to our research, PRECISION delivers a total solution – a fully integrated platform, global carrier capabilities and the network and deployment options that allow customers to enhance service excellence. Simplicity, rapid return on investment and easy implementation were also cited as top benefits of PRECISION by our survey respondents.”
PRECISION delivers integrated global logistics and visibility solutions to importers, exporters, third-party logistics providers and services companies as they move their goods throughout the organization and around the world. PRECISION’s unique single platform product suite is designed with open architecture and integrates with leading enterprise resource planning (ERP), warehouse management systems and other enterprise software applications.
PRECISION is Focused on Delivering Effective Enterprise Logistics
“We’re honored to receive this recognition for our focus on delivering an innovative integrated solution that enables our customers to reduce shipping costs and improve global visibility,” said Ed Boclair, president of Precision Software. “PRECISION provides advanced capabilities that simplify international trade-compliance, streamline transportation management and increase supply chain visibility and reporting. Our aim is to deliver logistics solutions that support every customer in becoming a more <[hidden] style="display: none; ">Effective Enterprise.”
For more information about Precision Software, please visit: www.precisionsoftware.com.
About Terrapinn Limited
For more than 25 years, Terrapinn has been a world leader in business events. Terrapinn conferences are major industry gatherings focusing on strategy, innovation and technology, and our trade exhibitions are marketplaces for global business. The company operates from a network of offices in London, New York, Singapore, Sydney, Dubai and Johannesburg. This gives Terrapinn events a global reach and truly international perspective. On the 29-30 April 2014 Terrapinn will run a Home Delivery Event in London which focuses on performance and innovation for home delivery businesses and their partners. For more information please visit www.terrapinn.com/home-delivery for more details.
About Precision Software – Effective Enterprise Logistics
Precision Software, a division of QAD Inc., (NASDAQ: QADA) (NASDAQ: QADB), provides an industry-leading transportation and global trade management software solutions from a single, integrated platform. The Precision suite of products is designed with open architecture allowing for easy integration with leading Enterprise Resource Planning (ERP) solutions like QAD and Warehouse Management Systems (WMS), and other existing solutions to reduce transportation costs, avoid delays at trans-border crossings and mitigate the risks associated with dynamic trading environments. Precision Software enables customers and partners in the life sciences, consumer packaged goods, electronics, retail, industrial products, food and beverage verticals and 3rd party logistics providers to meet their goals of better managing Logistics, and becoming a more Effective Enterprise.
For additional information, contact:
Sr. Director of Marketing Communications
+1 805 566 6126
+1 805 565 2452
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.