QAD
Inc. (NASDAQ: QADI), a leading provider of enterprise
software and services for global manufacturers, today announced the
latest version of QAD Enterprise Applications — QAD 2008.1 — at its
European regional customer conference being held this week. QAD has
convened customers and partners from Europe, the Middle East and Africa
for QAD Explore EMEA, in Sorrento, Italy.
QAD is continuing on its path toward delivering "total enterprise
capability” to help meet customers’ ever-changing business requirements
across all key levels, functions and geographies of their extended
manufacturing organization with QAD 2008.1. The QAD 2008.1 features QAD
Enterprise Financials, an enhanced derivative of its existing
Financials suite, with specific enhancements to address the requirements
of global manufacturers.
"This updated version of QAD Enterprise Applications, with its
combination of user efficiency, application flexibility and functional
sophistication has been designed to better meet the dynamic business
needs and industry requirements of today’s global manufacturers,” said
Pamela Lopker, president and founder of QAD. "QAD 2008.1 is the most
extensive release of QAD software to date, and another step toward
achieving our vision of The Perfect Lean Market for global
manufacturing.”
QAD’s long history of focus on human engineering has resulted in
redefining the user experience so that QAD 2008 meets the expectations
of a new generation of application users. The extensive release, which
provides improved capabilities in financial management, customer
management, manufacturing/distribution, supply chain management, service
and support, also feature the following improvements:
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Ease of Use – QAD 2008.1 is easy to use, quick to implement,
and intuitive for new users to learn. Flexible workflows and
automation help make customers more proficient and faster than ever
before.
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Global Solution – QAD 2008.1 provides a combination of software
and services that can be implemented around the world.
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Adaptability – QAD 2008.1 meets the needs of companies of all
sizes – from small or medium-sized companies to large multi-national
corporations.
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Governance, Risk and Compliance – QAD 2008.1 makes it easier to
be compliant with business and legal requirements by country and
industry, including roles-based security that enables faster and more
reliable reporting.
QAD 2008.1: Enhanced Functionality
QAD 2008.1 is designed to fully integrate global supply chains and
streamline manufacturing operations, financials, customers, technology
and business performances all in one enterprise suite. Features and
functions of QAD 2008.1 include:
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Enterprise Financials
– Provides the ability to manage
and control businesses at a local, regional and global level with
solutions that enable customers to more efficiently meet accounting,
legal, financial reporting and other critical business requirements.
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Customer Management – Provides improved responsiveness through
collaboration and management of customers and demand.
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Manufacturing – Enables companies to reduce costs and increase
throughput using the latest manufacturing scheduling techniques,
including the capability to fully support Lean adoption.
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Supply Chain – Includes modules that help improve the
management of supply and suppliers through real-time collaboration.
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Service and Support – Provides the capability for after-sale
service and support of products—manages warranty tracking, services
calls and returns and repairs.
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Enterprise Asset Management – Manages the life cycle of
capital assets from planning to installation, supports preventive
maintenance and repair, and manages parts inventory cost-effectively.
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Analytics
– Helps companies analyze data to measure
business performance in key areas.
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Interoperability – Allows database portability and operating
system flexibility, and works with QAD QXtend integration layer to
enable access to all elements of QAD Enterprise Applications.
Embracing a Service Oriented Architecture (SOA) platform, QAD 2008.1 is
offered in three deployment methods: On Premise, a traditional license
and delivery structure; On Demand, an application management services
offering hosted by QAD; or On Appliance, with the software pre-loaded on
a machine. Such deployment independence makes it easier to deploy and
implement QAD 2008.1 across global supply chains; ensuring customers
have complete communication and visibility into their overall business
operations.
For more information about QAD
Enterprise Applications , go to www.qad.com.
For more information on Explore EMEA, visit www.qad.com/portal/site/exploreemea/.
About QAD
QAD is a leading provider of enterprise applications for global
manufacturing companies. 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. Manufacturers of automotive,
consumer products, electronics, food and beverage, industrial and life
science products use QAD applications at approximately 6,100 licensed
sites in more than 90 countries and in as many as 27 languages. For more
information about QAD, telephone +1 805 684 6614, visit the QAD Web site
at www.qad.com,
or join the QAD Community by visiting www.qad.com/community.
"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 2008 ended January 31, 2008.