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Precision Software Launches Common Standards to Expand Multi-Carrier Network

Common carrier platform simplifies onboarding process

SANTA BARBARA, Calif., Oct. 30, 2018 /PRNewswire/ -- Precision Software, an industry-leading provider of global trade management and transportation execution solutions, has announced the launch of their Common Carrier Platform to simplify the onboarding of new carriers. Precision Software is a division of QAD Inc. (QADA) (QADB).

"Precision's Common Carrier Platform establishes a standard onboarding process that can be leveraged worldwide. We have radically simplified the procedure through which carriers of all sizes can join our multi-carrier network," said Precision Software Carrier Manager, Jack Moloney.

Precision Software has an unrivaled network of more than 5,000 configurable and accredited carriers in every region of the world, helping global enterprises manage more than 3 billion shipments annually.

"We have an industry-leading multi-carrier network which we continue to grow," added Moloney. "With the Common Carrier Platform we can support the carrier industry and help small and regional carriers win business from global shippers. Expanding our global multi-carrier network will also allow our customers to avoid potential delays from over-demand and give them more freedom and choice for delivery routes and service levels as we move into peak shipping season."

About Precision Software – Trusted Global Trade and Transportation Execution

Precision Software, a division of QAD Inc., (QADA) (QADB), provides industry-leading global trade management, transportation execution and multicarrier shipping software solutions from a single, integrated platform. Preeminent industry leaders in every region of the world rely on our global support centers to leverage thousands of carriers and manage millions of shipping transactions every day. The PRECISION solution's open architecture allows for easy integration with leading Enterprise Resource Planning (ERP), Warehouse Management Systems (WMS) and existing legacy solutions. An ISO-certified company, Precision Software assists companies around the world to minimize shipping costs, optimize first mile and last mile deliveries, avoid compliance delays and mitigate the risks associated with dynamic trading environments. Precision Software's customers span multiple industries including banking and finance, life sciences, high technology, retail, industrial, automotive, higher education and public sector as well as logistics providers. For more information about Precision Software, visit www.precisionsoftware.com or email info@precisionsoftware.com.   

About QAD – The Effective Enterprise

QAD Inc. (QADA) (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 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 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

Precision Software
David Yonkof
ddy@qad.com
419-450-6683

QAD Inc.
Scott Matulis
Public Relations
818-451-8918
publicrelations@qad.com
or
Evan Quinn
Analyst Relations
617-869-7335
industryanalyst@qad.com

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.

Precision Software Logo (PRNewsfoto/QAD Inc.)

 

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