Precision Software Introduces Package Exception Management to Improve Customer Service, Speed Delivery, and Ensure Compliance
June 30 2010 - 11:00AM
Business Wire
Precision Software, a division of QAD Inc. (NASDAQ: QADI), and a
leading provider of supply chain solutions for transportation and
trade, announced today the availability of Precision Package
Exception Management, a solution for multi-carrier package tracking
and tracing. The new product further extends Precision's
transportation management capabilities by giving organizations a
single location for managing package tracking, the ability to see
at a glance which shipments are behind on delivery, and a method
for electronically recording proof-of-delivery.
By using Precision Package Exception Management, manufacturers,
distributors, retailers and logistics service providers can gain
visibility to any shipment with real-time carrier status
information, eliminating the need to perform ad-hoc searches by
individual parcel carrier. In today’s competitive, customer
centric, marketplace, this not only saves time internally, but also
provides a proactive mechanism for early shipment problem detection
and resolution – resulting in improved service and enhanced
customer satisfaction.
“Package Exception Management provides highly effective
multi-carrier visibility for the management of in-transit
shipments,” said Paul Murphy, vice president of Product Management
for Precision. “While many transportation management and parcel
shipping systems provide a single solution to rate and route
shipments, they only go so far as to provide a link to the carrier
website once the shipment has left the dock. With Precision the
entire life-cycle of a shipment – from rating and routing through
to the recording and storing of proof-of-delivery – can now be
managed within one solution.”
Precision Package Exception Management presents a unique
opportunity for differentiation for any shipper through effective
shipment management and enhanced levels of customer service.
Additionally, the solution supplies and stores the delivery
information needed to ensure compliance with invoicing regulations
in support of financial reporting requirements, and for improved
transportation-related reporting and analysis.
With the release of Package Exception Management, Precision
Software is continuing on its path toward delivering technology
that enables “visibility and control” to help meet customers’
ever-changing logistics requirements across the enterprise and
throughout their supply chain.
For additional information, visit
http://www.precisionsoftware.com/Solutions/Package+Exception+Management.
About Precision Software
Established in 1984, Precision Software, a division of QAD Inc.,
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’s 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 www.precisionsoftware.com or e-mail
info@precisionsoftware.com.
About QAD
QAD is a leading provider of enterprise applications for global
manufacturing companies specializing in automotive, consumer
products, electronics, food and beverage, industrial and life
science products. QAD applications provide critical functionality
for managing manufacturing resources and operations within and
beyond the enterprise, enabling global manufacturers to collaborate
with their customers, suppliers and partners to make and deliver
the right product, at the right cost and at the right time. For
more information about QAD, telephone +1 805-566-6000, or visit the
QAD web site at 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. 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 enterprise
resource planning (ERP) 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 the company and the
industries in which it operates, please refer to the company's
Annual Report on Form 10-K for fiscal 2010 ended January 31,
2010.
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