Precision Software Announces Release of PRECISION v16.0

SANTA BARBARA, Calif.

Precision Software, a leading provider of transportation and global trade management software solutions, announced today the availability of PRECISION v16.0, the latest version of the integrated PRECISION suite. Precision Software is a division of QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB).

“With this latest release, Precision Software continues the evolution of the PRECISION suite, helping customers effectively meet their transportation, global trade and supply chain management requirements across the enterprise and throughout their supply chain,” said Paul Murphy, Vice President, Research and Development for Precision Software. “We are particularly excited about enhancements made to our shipping capabilities and improvements in overall usability.”

Key New Benefits

• Avoid address correction fees and undelivered shipments with Address Verification
• Simplify the setup and ongoing maintenance of PRECISION with redesigned Rules, Workflow and Package Exception Management configuration screens
• Increase shipping choice with the addition of new carriers and additional services for existing carriers
• Track and manage shipments within the organization

PRECISION v16.0 Details

Address Verification: Shipments with invalid addresses lead to undelivered orders, late order delivery and additional delivery fees. PRECISION Address Verify avoids these problems and associated costs by verifying the address before a shipment takes place, verifying addresses in PRECISION and from other systems.

First Mile/Last Mile Tracking: Used in conjunction with Desktop Shipping, the mailroom now has visibility into pick-up requests and deliveries, and can provide status updates for tracking. Senders and recipients gain full package tracking visibility from pick up through delivery.

Usability – Rules, Workflow and Packaged Exception Management (PEM) Configuration:Managing rules, workflow and packaging exceptions are essential to effective shipping, particularly international shipping. PRECISION v16.0 delivers significant enhancement in terms of rules, workflow and PEM configuration through simplified and integrated browser-based screens. The new configuration capabilities make it easy to add locations and carriers, and to grant access to users requiring the shipping information.

Carrier Network Expansion: PRECISION v16.0 adds 13 new carriers, many new countries of origin for existing carriers and several new services.

Trade Compliance: The new release adds browser-based partner, product and commodity level questionnaires, used to ensure that all information required by the business or by regulations is available for all relevant parties and items.

SAP integration: PRECISION supports integration through Web Services connectors. A new SAP connector works in two modes, Black Box and User Experience. In Black Box mode, the end user stays within the SAP application while using PRECISION functionality. In User Experience mode, users process the transactions in PRECISION and SAP receives shipping information updates.

About Precision Software – Effective Enterprise Logistics

Precision Software provides industry-leading transportation and global trade management software solutions on a single, integrated platform. Precision’s design uses an open architecture allowing for easy integration with most Enterprise Resource Planning (ERP) solutions, Warehouse Management Systems (WMS) and other existing solutions to reduce transportation costs, avoid delays at border crossings and mitigate risks associated with dynamic trading environments. Precision Software enables customers and partners in the life sciences, consumer packaged goods, electronics, retail, industrial products, food and beverage verticals and third-party logistics providers to meet their goals of better managing logistics, and becoming more Effective Enterprises. Precision Software is a division of QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB).

For more information about Precision Software, visit www.precisionsoftware.com or e-mail info@precisionsoftware.com.

About QAD – The Effective Enterprise

QAD Inc. (Nasdaq:QADA) (Nasdaq:QADB) is a leading provider of enterprise software and services designed for global manufacturing companies. For more than 35 years, QAD has provided global manufacturing companies with QAD Enterprise Applications, an enterprise resource planning (ERP) system that supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management. QAD Enterprise Applications is offered in flexible deployment models in the cloud, on-premise, or in a blended environment. With QAD, customers and partners in the automotive, consumer products, food and beverage, high technology, industrial products and life sciences industries can better align daily operations with their strategic goals to meet their vision of becoming more Effective Enterprises.

For more information about QAD, call +1 805-566-6000, 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.

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or
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