SANTA BARBARA, Calif.--(BUSINESS WIRE)--Precision Software, a leading provider of supply chain execution software for importers, exporters, domestic shippers and transportation providers, and a division of QAD Inc. (NASDAQ:QADI), announced today that W.L Gore & Associates has successfully deployed the PRECISION Global Trade Management solution, which includes certified integration to the electronic customs filing system of the German Federal Customs Administration known as ATLAS AES. The solution positions Gore ahead of the curve to meet mandatory German customs filing requirements that come into effect from July 1, 2009.
W.L Gore & Associates provides innovative ePTFE (expanded polytetrafluoroethylene) based solutions to a broad range of industries including electronics, industrial, medical and textiles. Best known for their revolutionary GORE-TEX® fabric, the company has a complex global supply chain to support its diversified product portfolio. The German export authorities mandate is the latest change to global customs regulations and requires all paper export declarations (SAD) be replaced by an electronic message. This small change has a significant impact on how global companies such as W.L Gore & Associates do business. By implementing the tightly integrated PRECISION global trade management solution that includes certified integration to ATLAS and workflow configuration to generate and print the required ATLAS ABD documentation, Gore can be confident that there will be seamless transmission of the necessary customs data as well as swift movement of shipments through German customs.
“PRECISION Global Trade Management is the perfect solution to automate the ATLAS automated export system (AES) process in our high-volume export shipping environment,” said Miguel Jimenez, W.L Gore associate. “With PRECISION’s certified ATLAS integration, data integrity and shipment cycle times are just two of the areas that are positively impacted.”
W.L Gore & Associates chose the PRECISION solution because it offered both the multi-modal transportation and global trade management capabilities the company needed to support its world class global supply chain and diverse product portfolio. The solution is centrally located to manage shipping operations across its 45 sites around the world from a single database and is integrated with the company’s existing enterprise software and warehouse management solutions. Gore now has the ability to streamline import and export transportation processes, seamlessly connect to global customs agencies, manage global shipping costs and provide enhanced service to its customers.
“As our customers expand their global operations, we are keenly focused on supporting them to improve their business processes and maintain compliance with changes in global trade regulations,” said Ed Boclair, President of Precision Software. “PRECISION Global Trade Management applies the latest certified customs integrations to manage the risks and stay competitive on a global scale.”
PRECISION Global Trade Management is part of the PRECISION suite of collaborative supply chain solutions from Precision Software. The suite offers an integrated platform for supply chain visibility, global trade management, transportation management, multi-carrier parcel and desktop shipping and freight forwarding infrastructure, and enables companies to move their goods within their domestic and global logistics operations. Based on a Service Oriented Architecture platform, the PRECISION suite allows for simple integration with existing Enterprise Resource Planning (ERP), Warehouse Management System (WMS) and legacy systems. The PRECISION suite is valued for its business process driven design and helps companies to reduce costs and order to cash cycles, avoid delays at border crossings, and mitigate risks associated with international trade.
About Precision Software
QAD is a leading provider of enterprise applications for global manufacturing companies. 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. Manufacturers of automotive, consumer products, food and beverage, high technology, industrial and life science products use QAD applications at approximately 6,000 licensed sites in more than 90 countries and in as many as 27 languages. For more information about QAD, telephone +1 805 684 6614, visit the QAD Web site at www.qad.com, or join the QAD Community.
"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 2008 ended January 31, 2008.
Precision Software Helps W.L Gore & Associates Meet the ATLAS Challenge Ahead of Germany’s Mandatory Customs Filing Deadline