QAD Unveils Its Latest Release of QAD Enterprise Applications with New Capabilities and Simplified Architecture at Explore 2013
Latest Release of QAD Enterprise Applications Makes It Simpler for Manufacturers to Maintain, Support and Upgrade ERP Applications as Needed
SAN ANTONIO — May 08, 2013 — At the QAD Explore 2013 Customer Conference, QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), today announced significant enhancements to the application architecture, functionality and usability of the latest release of its flagship product, QAD Enterprise Applications. The latest release makes it simpler for QAD customers to maintain, support and upgrade individual components of their QAD enterprise resource planning (ERP) application, while continuing to leverage their existing system.
“Global manufacturers are constantly adapting their businesses to address new market challenges,” said Pam Lopker, president and founder of QAD. “The latest release of QAD Enterprise Applications helps our customers adapt to changes more easily than ever before while maintaining business continuity.”
QAD Delivers an Innovative Framework to Simplify Application Support
QAD Enterprise Applications 2013 provides a powerful new way of delivering upgrades and enhancements with a new modular deployment framework. It allows specific components, elements and services within QAD Enterprise Applications to be individually enhanced or upgraded. This eliminates disruption from replacements of the entire application. The simplicity of this framework complements QAD’s latest implementation methodology, Easy On Boarding, which provides customers with the tools and processes to rapidly deploy or upgrade to a new version of QAD Enterprise Applications either On Premise or with QAD On Demand, QAD’s cloud ERP solution.
QAD customers can access a variety of components online from the QAD Store and add them to their systems easily. These include:
- Collections – Customized groups of functions packaged to address the needs of specific roles within a business.
- Reports – Specific reports to address many requirements across the Enterprise data.
- Browses – Tailored queries across the Enterprise data harnessing QAD’s visualization and analysis tools.
- Bank Drivers – Drivers for specific banks throughout the world, simplifying the task of connecting to banks.
- Operational Metrics – Specific metrics and indicators built on common and best practices that may benefit companies in better measuring their business efficiency.
- QAD Internationalizations – Packages of functionality required to support operation in different countries.
- Business Process definitions - Used in the QAD Business Process Management suite which enables visualization automation and measurement of key processes.
“We’ve evolved our application architecture to make it simpler for QAD customers to adapt their systems to meet their business needs,” continued Pam Lopker. “Now, QAD customers can choose to deploy one or several new components depending on their needs – helping them to run faster, simpler, leaner. QAD’s technology allows customers to change what needs to change today and provides a simple path to future enhancements.”
QAD Delivers New Capabilities in the Enterprise Financials
The latest release of QAD Enterprise Applications delivers important enhancements to its full-strength Enterprise Financials suite. QAD Enterprise Financials is designed to meet the needs of global public companies with support for regulatory and governmental compliance mandates such as Sarbanes–Oxley (SOX) and the adoption of International Financial Reporting Standards (IFRS).
In the latest release of QAD Enterprise Applications, QAD has further enhanced the financials suite with important capabilities aimed at supporting global trade. Many manufacturers are challenged by fluctuating commodity prices, which affect how they price and sell their products. Often grappling with this challenge takes considerable time and effort, and may result in erosion of margins. In the latest release QAD adds a complete retro-billing capability that accommodates fluctuating commodity prices and allows for retrospective price adjustment and on-charging to the customer. This capability combined with the strong logistics accounting capabilities that manage shipping and freight costs before and after the event safeguard businesses against inaccurate freight and material cost variances.
QAD Delivers New Capabilities to Support Traceability and Quality Control
QAD Enterprise Applications 2013 has been enhanced throughout to support a variety of quality control needs, making it simpler for global manufacturers to ensure that their products meet quality standards. With QAD Enterprise Applications 2013, customers have even greater capabilities to address mandates for product traceability. The new quality control functionality supports detailed recording of quality attributes and traceability of materials throughout the supply chain. These capabilities support both current and emerging regulatory requirements, like ePedigree and Unique Device Identification (UDI) in the Life Sciences markets.
QAD Delivers Usability Enhancements Based on Roles
QAD continues to enhance its leading-edge user interface (UI) technology. In the latest release, QAD delivers an advanced role-focused metaphor. This new metaphor collects functionality required for a user to perform his or her role via a simple configurable home page. From this home page users can execute their regular functions with a few clicks of the mouse while maintaining constant visibility of key metrics and assigned tasks. QAD expects to build on this metaphor in the future to further enhance the user experience across the Enterprise. “With the advance in QAD roles-based capabilities, both end-users and their companies can make better use of the system and enjoy the benefits of greater productivity,” added Lopker.
QAD Delivers Continued Deployment Flexibility
Building upon its goal to simplify upgrades for its customers, QAD’s application architecture enables enterprises to implement a full-strength ERP solution in the cloud, on premise or as a blended deployment containing a mix of on premise and cloud users. Customers enjoy the same complete functionality, business processes and user experience regardless of how their QAD Enterprise Applications solutions are deployed.
“We continue to evolve QAD Enterprise Applications to help our global manufacturing customers operate more efficiently,” added Lopker. “Our QAD Enterprise Applications architecture together with significant new functionality make QAD Enterprise Applications 2013 a significant milestone. Using QAD Enterprise Applications 2013, our customers can expect to streamline maintenance of their applications and better support key business processes to become more Effective Enterprises.”
For more information about QAD Enterprise Applications, please visit: www.qad.com.
QAD is a leading provider of enterprise applications for global manufacturing companies specializing in automotive, consumer products, electronics, food and beverage, industrial and life sciences products. QAD ERP solutions provide critical functionality for managing manufacturing resources and operations within and beyond the enterprise, enabling global manufacturers to collaborate with their customers, suppliers and partners to make and deliver the right product, at the right cost and at the right time. For more information about QAD, telephone +1 805-566-6000, or visit the QAD web site at 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.
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.