SANTA BARBARA, Calif.--(BUSINESS WIRE)--QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise resource planning (ERP) solutions and services for global manufacturers, today announced that the latest release of its flagship enterprise resource planning solution, QAD Enterprise Applications 2014, introduces a broad range of new capabilities with a focus on quality management and control, user experience and simpler international deployments.
“The latest version of QAD Enterprise Applications, available either as QAD Cloud ERP or on-premise, delivers a host of new capabilities for manufacturers. In particular we have focused on enhancing quality management and quality control and addressed many challenges for companies deploying ERP solutions globally,” said Pam Lopker, QAD president and chairman. “We constantly listen to our customers and prioritize new capabilities to meet their needs. Simply put, QAD Enterprise Applications 2014 is our best, most feature-rich release yet.”
QAD Enterprise Applications 2014 features a new role-based model for navigation allowing for standard roles throughout the enterprise to be predefined. This role-based approach to accessing key functionality enables users to be more efficient in performing their roles and provides greater productivity for many organizations.
In addition, QAD Enterprise Applications 2014 features enhancements in globalization, now supporting standards in 53 countries. The enhanced globalization enables customers to meet requirements for local business practices, governance and fiduciary reporting including requirements of the Single European Payments Area (SEPA) for customers deploying in the European Union. QAD’s globalization makes it possible for companies to deploy ERP in multiple countries without having to perform country-specific localizations themselves.
QAD Enterprise Application 2014 also provides many features aimed at improving the ease with which companies can report on quality, including serialization which supports product genealogy and makes traceability throughout the supply chain much simpler. Customers now can access a Lot Trace Workbench making it easier to trace components to manage quality control or define specific parts impacted by a product recall.
“QAD Enterprise Applications 2014 introduces significant new features and enhancements to the existing capabilities available throughout the application,” said Bill Keese, QAD senior vice president of research & development. “We are very proud of this release and believe this release offers something for all of our customers who value user experience, focus on quality and require flexibility for global deployments.”
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 30 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 as on-premise software, in the cloud with QAD Cloud ERP 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. 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. 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 its fiscal year ended January 31, 2014, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission.