SANTA BARBARA, Calif.--(BUSINESS WIRE)--QAD Precision, an
industry-leading provider of global trade compliance and
transportation execution software, has announced the release of a USMCA Benchmark Tool that
supports companies checking their readiness to comply with the rules
of origin in the new United States - Mexico - Canada Agreement
(USMCA). QAD Precision is a division of QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB).
“Goods that qualify for preferential duties under NAFTA may no longer
be eligible once the USMCA comes into force. The opposite may also
apply. There are significant changes related to preferential rules of
origin, including changes to Regional Value Content, substantial
transformation, and the de minimis threshold to name a few,” said QAD
Precision President Corey Rhodes.
To check their preparations for USMCA rules of origin readiness using
the tool, companies answer a series of four questions. Once the
answers are submitted, participants receive an email explaining the
issues identified. The tool is complimentary for any company that
wishes to check their USMCA rules of origin readiness and is offered
without obligation. The USMCA Benchmark Tool can be found here. Companies qualifying goods
under the USMCA need to do so in compliance with the published legislation.
QAD Precision also provides Free Trade Agreement (FTA)
software that enables companies to determine FTA origin in real-time
and within fractions of a second. The solution complies with the
requirements for all Free Trade Agreements recognized by the World
Trade Organization. Companies who wish to verify their products under
the USMCA will be able to do so with QAD Precision Free Trade
Agreement once the agreement has been ratified by all three signatory countries.
About QAD Precision – Trusted Global Trade and Transportation Execution
QAD Precision, a division of QAD Inc., provides industry-leading
global trade compliance, and multi carrier transportation execution
solutions from a single, integrated platform. An ISO-certified
company, QAD Precision assists companies to streamline their import,
export and transportation operations, optimize deliveries, and
increase logistics ROI. QAD Precision’s scalable and extensible
solution easily integrates with existing ERP and WMS solutions.
Industry leaders in every region of the world rely on QAD Precision’s
global support centers to leverage thousands of carrier services and
manage millions of global trade and shipping transactions every day.
For more information about QAD Precision, visit www.qadprecision.com or email email@example.com.
QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), is a leading provider of
flexible, cloud-based enterprise software and services for global
manufacturing companies. QAD Adaptive 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 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 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,
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.