QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of cloud
enterprise resource planning (ERP) solutions and services for global
manufacturers, today announced that Facet Technologies, a leading
contract manufacturing organization, has deployed QAD Cloud ERP to meet
current and anticipated production needs for manufacturing high-quality
medical devices.
Facet, an FDA-registered, ISO 13485:2003-certified engineering and
manufacturing company, specializes in manufacturing lancing devices,
lancets for blood glucose testing and insulin injection pen needles for
their global life science company customers. Facet was burdened by
technology that did not have the capability to keep up with business
needs. Many departments relied on spreadsheets for tracking and
reporting. There were timing and accuracy issues when transactions were
entered into the system and getting custom reports was frustrating and
time-consuming.
Following a comprehensive search of potential technology solutions,
Facet chose QAD Cloud ERP as the technology most capable of meeting
current production challenges as well as future growth projections.
Facet Technologies also chose Strategic Information Group (SIG) as its
implementation partner based on SIG’s experience implementing QAD
software, extensive knowledge of the life science industry, and proven
track record. As a result of the deployment of QAD Cloud ERP, Facet has
improved material requirements planning activities, reduced inventory
carrying costs and eliminated errors associated with manual data entry.
“The new system is versatile, easy to use and required very little
customization,” said Bobby Yeomans, Manufacturing Technology Director at
Facet Technologies. “It is providing many positive results. These
include helping lower inventory carrying costs and making more
information readily available through new reports and browsers; allowing
more people to make accurate decisions to improve business operations.”
One key selection element was QAD’s cloud-based, FDA-qualified IT
infrastructure. “QAD’s qualified IT infrastructure provides clients with
an environment that is in a demonstrable state of control and
compliance. It is a key building block to help them ensure that they
have a solid foundation upon which to base their software validation
requirements. It is one of the primary drivers of the increase in cloud
deployments by our life sciences customers,” stated Bart Reitter,
Director of Marketing, QAD Life Sciences.
Facet’s future plans include implementing electronic data interchange
(EDI), business intelligence (BI), enterprise asset management (EAM),
supplier scheduling and additional data collection capabilities.
Learn
more about Facet Technologies’ deployment of QAD Cloud ERP.
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 30 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 as
on-premise software, in the cloud with QAD Cloud ERP 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: evolving demand for the company's products and companion
products; the ability to sustain license and service demand; fluctuation
in revenue and earnings in the software industry; the ability to
leverage changes in technology; the ability to sustain customer renewal
rates at current levels; third party opinions about the company; the
reliability of estimates of transaction and integration costs and
benefits; competition in our industry; delays in localizing the
company's products for new or existing markets; the ability to recruit
and retain key personnel; delays in sales; 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. For a more detailed
description of the risk factors associated with the company, 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.
