Precision
Software, a leading provider of supply chain execution software for
importers, exporters, domestic shippers and transportation providers,
and a division of QAD
Inc. (NASDAQ:QADI), announced today that W.L Gore & Associates has
successfully deployed the PRECISION
Global Trade Management solution, which includes certified
integration to the electronic customs filing system of the German
Federal Customs Administration known as ATLAS
AES. The solution positions Gore ahead of the curve to meet
mandatory German customs filing requirements that come into effect from
July 1, 2009.
W.L Gore & Associates provides innovative ePTFE (expanded
polytetrafluoroethylene) based solutions to a broad range of industries
including electronics, industrial, medical and textiles. Best known for
their revolutionary GORE-TEX® fabric, the company has a complex global
supply chain to support its diversified product portfolio. The German
export authorities mandate is the latest change to global customs
regulations and requires all paper export declarations (SAD) be replaced
by an electronic message. This small change has a significant impact on
how global companies such as W.L Gore & Associates do business. By
implementing the tightly integrated PRECISION global trade management
solution that includes certified integration to ATLAS and workflow
configuration to generate and print the required ATLAS ABD
documentation, Gore can be confident that there will be seamless
transmission of the necessary customs data as well as swift movement of
shipments through German customs.
"PRECISION
Global Trade Management is the perfect solution to automate the
ATLAS automated export system (AES) process in our high-volume export
shipping environment,” said Miguel Jimenez, W.L Gore associate. "With PRECISION’s
certified ATLAS integration, data integrity and shipment cycle times
are just two of the areas that are positively impacted.”
W.L Gore & Associates chose the PRECISION solution because it offered
both the multi-modal transportation and global trade management
capabilities the company needed to support its world class global supply
chain and diverse product portfolio. The solution is centrally located
to manage shipping operations across its 45 sites around the world from
a single database and is integrated with the company’s existing
enterprise software and warehouse management solutions. Gore now has the
ability to streamline import and export transportation processes,
seamlessly connect to global customs agencies, manage global shipping
costs and provide enhanced service to its customers.
"As our customers expand their global operations, we are keenly focused
on supporting them to improve their business processes and maintain
compliance with changes in global trade regulations,” said Ed Boclair,
President of Precision Software. "PRECISION Global Trade Management
applies the latest certified customs integrations to manage the risks
and stay competitive on a global scale.”
PRECISION
Global Trade Management is part of the PRECISION suite of
collaborative supply chain solutions from Precision Software. The suite
offers an integrated platform for supply chain visibility, global trade
management, transportation management, multi-carrier parcel and desktop
shipping and freight forwarding infrastructure, and enables companies to
move their goods within their domestic and global logistics operations.
Based on a Service Oriented Architecture platform, the PRECISION suite
allows for simple integration with existing Enterprise Resource Planning
(ERP), Warehouse Management System (WMS) and legacy systems. The
PRECISION suite is valued for its business process driven design and
helps companies to reduce costs and order to cash cycles, avoid delays
at border crossings, and mitigate risks associated with international
trade.
About Precision Software
Established in 1984, Precision Software, a wholly owned subsidiary of
QAD Inc develops collaborative global supply chain planning and
execution software that allows companies to optimally manage their
global trade and transportation from a single platform. Precision
Software’s integrated suite of logistics and visibility solutions
increases supply chain velocity, improves profitability and maximizes
control of goods as they move throughout the organization and around the
world. The PRECISION solution is system agnostic and its open
architecture allows for easy integration with leading Enterprise
Resource Planning (ERP), Warehouse Management Systems (WMS) and existing
legacy solutions. Precision Software’s customers span multiple verticals
including life sciences, consumer packaged goods, retail, industrial
products, food and beverage, 3rd party logistics providers and freight
forwarding. For more information about Precision Software, visit http://precisionsoftware.com/Pages/About+Us
or e-mail info@precisionsoftware.com.
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, food and beverage, high technology, industrial and
life science products use QAD applications at approximately 6,000
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.
"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.