QAD Enhances QAD Cloud ERP and Updates Solutions

SANTA BARBARA, Calif., April 11, 2018 /PRNewswire/ -- QAD Inc. (Nasdaq:QADA) (Nasdaq:QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, today announced enhancements to QAD Cloud ERP, including San Miguel 1, the latest phase of Channel Islands, its next-generation architecture and user experience. The company also launched new versions of other QAD solutions. QAD will present, demonstrate and offer training on the new capabilities at the Explore 2018 customer conference, May 7-10 in Dallas, Texas.

"The San Miguel 1 release increases the breadth and the depth of Channel Islands," said Bill Keese, senior vice president of research and development for QAD. "From a functionality standpoint, we focused on enhancements to sales, services, requisitions and purchasing. We have updated product structures, QAD Supplier Portal, browses, reports and other base functions including items and domains. Also, with the San Miguel 1 release, the latest version of the QAD Enterprise Platform includes new extension capabilities that allow for more personalization and extension possibilities allowing customers and partners to build new apps leveraging the Channel Islands microservices."

The multiyear Channel Islands Project transforms the architecture and user experience of QAD Cloud ERP and other QAD solutions to improve business outcomes through more effective users, processes and decision making. With the fifth phase of Channel Islands, San Miguel 1, Channel Islands now supports the following major capabilities:

• Requisitions
• Purchasing
• Sales Order Processing
• Service Orders, Material Returns and Service Activity Reporting
• Product Structures
• Browses
• Reports
• Actionable Insights
• Mobile Approvals
• Process Maps

Channel Islands also supports the following base functions: Customer, Supplier, Item and other master data elements, as well as the following key technologies:  Actionable Insights, Action Center, Activity Feed, Personalization, Process Maps and Embedded Analytics.

A new version of the QAD Supplier Portal now runs on the Channel Islands architecture providing mobile access, collaboration and improved personalization capabilities. A new Supplier Self Service capability allows the supplier to maintain and better keep track of their information, including contact and tax information, while providing improved integration with QAD Cloud ERP and QAD Cloud QMS.

QAD built the Channel Islands Project on the QAD Enterprise Platform, an agile platform that allows customers to expand QAD Cloud ERP's functionality with new capabilities through extensibility, personalization and the ability to extend and create new apps without writing code. The QAD Enterprise Platform debuted last year and gives manufacturers the ability to rapidly adapt to change and exploit new technologies, enabling their business processes to stay aligned with a rapidly evolving business environment.

"Our customers know their businesses better than anybody else, and with the QAD Enterprise Platform, they can use this knowledge to greatly increase the fit of their ERP system without the need for customizations," said QAD President Pam Lopker. "The ERP environment is evolving from full service, where developers write code to customize a solution, to self-service, where end users can do it themselves quickly, cost-effectively and without having to write code. Our goal with this next generation ERP platform is to eliminate customizations, to allow our customers to extend the functionality of our applications, especially applications that are typically highly customized like sales orders, and have those extensions become a part of the system that can be easily updated."

In addition to enhancements to QAD Cloud ERP, QAD announced new versions of related QAD solutions:

A new version of QAD Production Orders that supports mixed-mode manufacturing with all the features currently included in the QAD Discrete Manufacturing and QAD Work Orders solutions, including WIP Lot Trace, leveling capabilities, co- and by-products, average costing and eSignatures.  QAD Production Orders unifies the production planning and execution processes into one flow, giving QAD customers the ability to run both repetitive schedules and discrete orders while accessing the same set of functionality and transactions. The new version features enhancements to allocations, picklist, picking, transfer issue, master schedule leveling and backflush. QAD Production Orders is now integrated with QAD Automation Solutions with out-of-the-box standard flows and standard transactions, serialization, attributes and quality.

QAD Internationalization (I19): The QAD I19 program, which addresses country and local regulations for financial reporting and taxation purposes to help keep customers in compliance, adds eight new country updates. QAD supports 65 countries and offers special country extensions for many more.

QAD Automation Solutions 3.0 adds industry model libraries featuring standardized lists of transactions commonly used within each of QAD's vertical segments. Transactions are based on real business cases and include technical components, whole solution documentation, individual transaction documentation and test scripts. An automotive model library debuts today.

The latest version of QAD QMS (Quality Management System) features significantly enhanced Risk and Performance Management modules and over 80 features added to support the new IATF 16949 2018 automotive compliance standards. The solution also now supports the German Automotive Industry Association (VDA) report formats to facilitate successful compliance to that standard in Europe. In addition, QAD QMS can now be deployed in the cloud, on-premise, or in a mixed environment with full integration with any ERP solution through a secured VPN. Lastly, tangible financial returns resulting from QAD QMS implementation can now be captured and tracked.

About QAD – The Effective Enterprise

QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB) is a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies. QAD Cloud ERP for manufacturing supports operational requirements in the areas of financials, customer management, supply chain, manufacturing, service and support, analytics, business process management and integration. QAD's portfolio includes related solutions for quality management software, supply chain management software, transportation and global trade management software and B2B interoperability. Since 1979, QAD solutions have enabled customers in the automotive, consumer products, food and beverage, high tech, industrial manufacturing and life sciences industries to better align operations with their strategic goals to become Effective Enterprises.

To learn more, visit http://www.qad.com or call +1 805-566-6000.

"QAD" is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners.

Contacts:

QAD Inc.
Scott Matulis
Public Relations
818-451-8918
[email protected]

or

Evan Quinn
Analyst Relations
617-869-7335
[email protected]

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.

SOURCE QAD Inc.

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