SANTA BARBARA, Calif. — October 5, 2016 — QAD Inc. (Nasdaq:QADA) (Nasdaq:QADB), a leading provider of enterprise software and services for global manufacturing companies, announces the availability of the next phase of its Channel Islands initiative and key enhancements to several of its solutions.
The Channel Islands initiative provides customers with an attractive, intuitive, device-independent user experience personalized for roles, tasks and each user. The latest version, referred to as Santa Cruz 2, adds a number of new roles, business services, browses and reports. The highlight of Santa Cruz 2 is new Action Centers which combine advanced embedded analytics and social collaboration to help manufacturing executives and managers better run their business and operations.
“Manufacturers increasingly need real-time, actionable insights into their customers, operations and supply chain and the ability to then rapidly respond to optimize business outcomes,” said Bill Keese, senior vice president of research and development at QAD. “Action Centers, which combine leading analytics technology with collaboration and role-based tasks, provide manufacturing managers an intuitive user experience to help increase their effectiveness.”
The initial Action Centers are designed for Chief Financial Officers, Purchasing Managers and Customer Service Managers. Santa Cruz 2 also adds comprehensive notification and approval capabilities for QAD Cloud ERP users across all popular browsers, tablets with full touch support and natively on smartphones.
Mr. Keese stated, “We also added a number of other functional enhancements across our solutions spectrum. We are laser focused on continuous improvement across all our solutions.” Specific enhancements include:
- For Channel Islands users, QAD Financials now include automated exchange rate integration from multiple foreign exchange rate information carriers.
- QAD’s Internationalization program, which tracks and adds features to support country and local regulatory changes for financial reporting and taxation purposes, was updated for 11 countries. QAD supports 69 countries and offers special country extensions for many more.
- QAD Enterprise Asset Management (EAM) enhanced the requisition approval, requisition create and release to purchase order processes using the Channel Islands user experience.
- QAD Trade Activity Management (TAM) 2.0, available later in October 2016, received several functional enhancements and will run on the Channel Islands architecture.
- A new version of QAD QMS (quality management system) provides 10 new fully functional, pre-configured process templates. These templates cover all the processes that make up a QMS system and enable more rapid implementation.
- QAD extended its Unique Device Identifier (UDI) solution to include QAD QMS and QAD Automation Solutions, enabling medical device customers to better track, audit and report medical device genealogy information to comply with Food and Drug Administration UDI requirements.
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 35 years, QAD has provided global manufacturing companies with QAD Enterprise Applications, 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 Enterprise Applications is offered in flexible deployment models in the cloud, on-premise or in a blended environment. 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, call +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.
Scott Matulis, 818-451-8918
Evan Quinn, 617-869-7335
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, including, but not limited to, statements regarding projections of revenue, income and loss, capital expenditures, plans and objectives of management regarding the Company’s business, future economic performance or any of the assumptions underlying or relating to any of the foregoing. Forward-looking statements are based on the company’s current expectations. Words such as “expects,” “believes,” “anticipates,” “could,” “will likely result,” “estimates,” “intends,” “may,” “projects,” “should,” “would,” “might,” “plan” and variations of these words and similar expressions are intended to identify these forward-looking statements. 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: risks associated with our cloud service offerings, such as defects and disruptions in our services, our ability to properly manage our cloud service offerings, our reliance on third-party hosting and other service providers, and our exposure to liability and loss from security breaches; demand for the company's products, including cloud service, licenses, services and maintenance; pressure to make concessions on our pricing and changes in our pricing models; protection of our intellectual property; dependence on third-party suppliers and other third-party relationships, such as sales, services and marketing channels; changes in our revenue, earnings, operating expenses and margins; the reliability of our financial forecasts and estimates of the costs and benefits of transactions; the ability to leverage changes in technology; defects in our software products and services; third-party opinions about the company; competition in our industry; the ability to recruit and retain key personnel; delays in sales; timely and effective integration of newly acquired businesses; economic conditions in our vertical markets and worldwide; exchange rate fluctuations; and the global political environment. For a more detailed description of the risk factors associated with the company and factors that may affect our forward-looking statements, please refer to the company's latest Annual Report on Form 10-K and, in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission thereafter. Management does not undertake to update these forward-looking statements except as required by law.