SANTA BARBARA, Calif., Sep 21, 2010 (BUSINESS WIRE) — QAD Inc. (QADI) , a leading provider of enterprise software and services for global manufacturers, today announced general availability of QAD Enterprise Applications 2010.1 Enterprise Edition (QAD 2010.1 EE), the latest release of its enterprise resource planning (ERP) suite optimized to help global manufacturers operate more efficiently.
QAD has worked closely with customers in multiple industries and vertical markets to identify the focus for this release. The resulting solution offers greater visibility, faster functionality and better usability across the entire QAD Enterprise Applications suite, with particular emphasis on areas including Business Intelligence, Fixed Assets, Warehouse Management, Enterprise Asset Management, Customer Management, and Supply Chain Portal.
“QAD aims to help manufacturers operate at peak efficiency. We believe this release will significantly assist in achieving that goal,” explained Pam Lopker, president and founder of QAD. “We added and improved many features providing greater visibility and better usability throughout the entire application. We’ve taken further strides in simplifying deployment with QAD 2010.1 and offer both On Demand and On Premise delivery options.”
To support their efficiency initiatives, manufacturers rely on accurate and timely data. In this release, QAD debuts Business Intelligence, with redesigned analytic capability. This, combined with expanded operational metrics and dashboards, allows real-time visibility of all data across the entire application.
QAD Process Maps enable users to navigate through graphical views of a company’s business model before drilling down into specific workflows, processes, or software functions. With links to other programs, browses, documentation and maps, this capability facilitates better user performance and the adoption of standardized best practices.
With enhancements to the Fixed Assets module, companies can better manage and account for assets from purchase to retirement.
Faster Deployment and Functionality
As manufacturers operate in the current economic environment, they need to respond rapidly to change. QAD 2010.1 gives them the flexibility and power to adapt. On Demand software delivery, task and process automation, streamlined compliance and reporting, and instant messaging and alerts, are just a few of the new enhancements providing manufacturers with faster access to functionality. Additional enhancements to QAD’s Warehouse Management System and Enterprise Asset Management modules help increase lean and efficient production across their entire organization.
QAD has further enhanced its market leading user interface to enable greater personal productivity with role-based functionality. The latest upgrades to QAD’s Customer Management module enable manufacturers to manage their shipping and order management operations more efficiently and respond to customer needs more quickly. Lastly, QAD 2010.1 further delivers innovation and features deployment independence with its On Premise and On Demand delivery options.
QAD Supply Chain Portal (previously known as Supply Visualization) is QAD’s On Demand supplier collaboration portal, allowing companies to share real-time visibility of demand with their suppliers and receive real-time visibility of suppliers’ response.
QAD will debut the QAD 2010.1 Advantage webcast on September 28 at 8 am PDT. QAD President and Founder Pam Lopker will discuss the enhancement details of QAD 2010.1. QAD CEO Karl Lopker, QAD Senior Vice President of Research and Development Bill Keese, and QAD Chief Marketing Officer Gordon Fleming will also present. This webinar will be accessible online any time following its initial broadcast. Register for the webcast today.
QAD is a leading provider of enterprise applications for global manufacturing companies specializing in automotive, consumer products, electronics, food and beverage, industrial and life science products. QAD applications 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.
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. 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 2010 ended January 31, 2010.