SANTA BARBARA, Calif., — October 12, 2017 — QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of enterprise software and services designed for global manufacturing companies, today announced the launch of the QAD Enterprise Platform, an enterprise platform for manufacturers that provides a foundation for agility.
New technology, changes in customer demand, public policy regulations, compliance and a host of other challenges can disrupt a manufacturer's strategy and related business processes. QAD believes the ability of an enterprise resource planning (ERP) solution to respond quickly to these types of disruptions, to deliver fit to requirements as they change over time and to support new business processes, is key to its effectiveness. The QAD Enterprise Platform gives manufacturers the ability to rapidly adapt to change and exploit new technologies, ensuring their business processes stay aligned with a rapidly evolving business environment. It provides a device-independent, agile platform that allows customers to expand QAD Cloud ERP's functionality with new capabilities through extensibility, personalization and the ability to write new apps without writing code.
"The pace of change has increased dramatically, making the ability to react quickly a must-have for enterprise applications. The QAD Enterprise Platform is engineered to be agile," said Pam Lopker, QAD's chairman and president. "Traditional ERP solutions react to change and achieve fit through costly, time-consuming customizations which make upgrades to the latest functionality difficult. Our platform reduces the need for customization, allowing customers to extend and personalize our software without touching the source code. This provides greater adaptability and increases the value of enhancements through greater longevity."
The QAD Enterprise Platform provides five rapid response technologies, each of which addresses a common cause of ERP solution customization:
- Personalization - Makes users more effective by allowing them to modify screens using a simple graphical point-and-click interface. Going beyond predefined job roles, users can select the fields and sections they want to see in the order they prefer, making their environment highly productive.
- Embedded Analytics - Embeds high-powered analytics and lets users rapidly create and modify reports and dashboards and design custom alerts which gives decision makers actionable insights based on changing data and business conditions.
- Modularity - The platform consists of four business areas, including financials, customer management, supply chain and manufacturing that can be upgraded individually without having to upgrade the entire application. This modular approach makes upgrades smaller, faster and easier.
- Extensibility – A REST API approach allows for easy integration between third-party apps, web services or homegrown systems. Within the system, by leveraging the existing functionality of an app, extensions allow for focused changes in functionality without the need to rewrite the entire app.
- New apps - This feature will leverage the concepts of modularization and extensibility, QAD customers and partners will be able to create new apps instead of being forced to customize. These new apps can add deep, customer-specific functionality at a reduced cost without causing system rigidity.
"Using the QAD Enterprise Platform, our customers will be able to create apps in days instead of months," said Bill Keese, QAD senior vice president, Research and Development. "This will reduce the need for costly and complex customizations that can inhibit them from making future upgrades and changes. When our customers upgrade, their apps will be available with each new version."
"QAD has taken the need for ERP agility seriously and architected the QAD Enterprise Platform specifically to accommodate change," said industry analyst Cindy Jutras. "Agility provides you with the ability to innovate, evolve and change in order to take full advantage of new and evolving business opportunities. For current and future QAD customers, the QAD Enterprise Platform is the key to agility."
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.
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.