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QAD Announces Enhancements to QAD Adaptive ERP and Related Solutions Designed to Help Manufacturers Rapidly Adapt to Industry Disruption

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SANTA BARBARA, Calif.--(BUSINESS WIRE)--

To enable customers to adapt rapidly to industry disruption, QAD Inc. (QADA) (QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, today announced the latest enhancements to QAD Adaptive ERP and related solutions in its QAD Adaptive Applications portfolio.

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Manufacturers face unprecedented disruption, which forces them to constantly evaluate how they do business and the processes by which they run their organizations. Changing customer demands that force companies to make to order at scale or offer their products as a service (Anything as a Service), and the ever-increasing pace of technological disruption demand that companies embrace agility. Manufacturers must evaluate an ever-changing array of new technologies, including Internet of Things (IoT), machine learning, artificial intelligence, robotic process automation, data lakes and digital twins, and employ business solutions that allow them to leverage them for competitive advantage in support of their businesses’ use case. QAD’s solutions are designed to enable its customers to recognize disruption, react quickly and become agile effective enterprises with every business process aligned with business strategy in an ever-changing business environment.

“Organizations today face a great deal of change ranging from evolving customer preferences and business models to new economic, political and regulatory demands. Increasingly these changes are transformational rather than incremental,” said QAD CEO Anton Chilton. “The enhancements we’ve made to QAD Adaptive ERP and throughout our QAD Adaptive Applications portfolio focus extensively on empowering users and organizations to respond more effectively to disruption via our Adaptive UX and the QAD Enterprise Platform. The latest version of QAD Adaptive ERP gives users faster access to personalized information, and enables increased user productivity and operational efficiency. These new capabilities apply across manufacturing operations and beyond, including supply chain, shop floor, production, customer management, finance and others, allowing manufacturers to more rapidly respond to industry disruptions and more successfully compete in the marketplace.”

In addition to the latest updates to QAD Adaptive ERP, QAD has also enhanced many of the related solutions in its Adaptive Applications portfolio including the QAD Supplier Portal, QAD Field Service Management, QAD CEBOS EQMS and QAD DynaSys DSCP.

For details of the enhancements QAD has made to QAD Adaptive ERP and its related solutions, please visit QAD Adaptive ERP 2019 Boosts Operational Efficiency and User Productivity.

About QAD

QAD Inc. (QADA) (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 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.

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.

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