Real-time Business Intelligence from Precision Helps Logistics Managers Make Better Decisions and Perform On-Demand Actions to Reduce Costs
SANTA BARBARA, CA – September 26, 2012 – Precision Software, a division of QAD Inc., (NASDAQ: QADA) (NASDAQ: QADB), a leading provider of transportation and trade management solutions, today announced a powerful new data warehousing, reporting and analytics solution integrated with Precision Transportation Management (TMS) and Precision Exception Management (PEM) software. Precision Business Intelligence (BI) complements the single-platform product suite of transportation management software that streamlines day-to-day activities for hundreds of companies – now, with smarter reporting and easy-to-understand data.
“Every enterprise has information bottlenecks – some are just easier to spot than others,” said Ed Boclair, president of Precision Software. “Precision Business Intelligence unifies data from Precision TMS and PEM with multiple sources in your company to make it easier to access critical information for key decision makers to pinpoint challenges and deficiencies. Fact-based decisions can then be made across all logistical units in the company in real time to reduce logistics costs and enhance service levels, which in turn can increase customer satisfaction, loyalty and drive top line revenue growth.”
Precision BI presents information on business operations and costs, including how much is spent on shipping, which carriers deliver on-time and more. It harmonizes and consolidates raw data from disparate source systems (including non-Precision) into an easily accessible data warehouse.
Transforms Silos of Disjointed Data into a ‘Single Version of the Truth’
Steve Banker, service director for Supply Chain Management at ARC, a leading industry analyst firm, underscored the value of a one-stop integrated solution to speed time to value, and resolve IT complexity in the transportation industry. “Many organizations today confront the challenge of reconciling data from a myriad of point solutions from different vendors with inconsistent interfaces and upgrade schedules. Perhaps even more important, silos of disjointed data do not provide decision-makers with a ‘single version of the truth.’ Precision Software’s solution offers tight integration across transportation management systems to make it simpler for the business user to access the metrics to provide better services at a lower cost with greater agility.”
With Precision BI, users can access data based on the needs, permissions and controls of their particular role. Dashboards can be customized on-the-fly in minutes without the need for IT support.
The Precision BI Application reports on usage, statistics and cost-tracking to help users manage end-to-end logistics from contracts and rate shopping to carrier and shipment performance.
Working with Precision Package Exception Management (PEM) application tracks multi-carrier delivery performance by exception, which helps users trace recurring issues and remedy root causes-all in real time.
Precision BI is also available as an add-on for existing Precision customers, both on-demand and on-premise.
Available for the laptop, desktop and as an Apple iPad application, Precision BI simplifies the way global teams can view metrics to identify key performance indicators (KPIs) that may require attention. This empowers managers to investigate causes, isolate potential problems and collaborate with other teams or individuals in other locations in real time. With Precision BI fully integrated across the Precision Transportation and Logistics suite, business users can take action on relevant data to make smart decisions that help optimize enterprise effectiveness and operate at peak performance.
About Precision Software
Precision Software, a division of QAD Inc., (NASDAQ: QADA) (NASDAQ: QADB), provides industry-leading transportation and global trade management software solutions from a single, integrated platform. The Precision suite of products is designed with open architecture allowing for easy integration with leading Enterprise Resource Planning (ERP), Warehouse Management Systems (WMS) and existing legacy solutions to reduce transportation costs, avoid delays at trans-border crossings and mitigate the risks associated with dynamic trading environments. Precision Software customers span multiple industries including life sciences, consumer packaged goods, electronics, retail, industrial products, food and beverage, and 3rd party logistics providers. For more information about Precision Software, visit precisionsoftware.com or e-mail firstname.lastname@example.org.
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”, 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 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 QAD Inc., including its Precision Software division, and the industries in which it operates, please refer to QAD Inc.’s Annual Report on Form 10-K for fiscal 2012 ended January 31, 2012, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports QAD Inc. files with the Securities and Exchange Commission.
Precision Software, a Division of QAD Inc.