QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise software and services for global manufacturers, today announced QAD customers in a variety of industry verticals are adopting the QAD cloud enterprise resource planning (ERP) offering of QAD Enterprise Applications. QAD On Demand is a full-strength cloud ERP solution that can be deployed around the world.
“ QAD cloud ERP is not only attractive to new manufacturing customers for its predictable low cost model, simplicity and capabilities for flexible implementation,” said Pam Lopker, founder and president of QAD. “Existing QAD customers are also moving to QAD cloud solution to address their strategic imperatives. We are seeing they prefer to standardize their ERP with QAD On Demand as they acquire new divisions or tap opportunities to rapidly scale operations in growth markets.”
Analysts Report on Cloud ERP Trends
Research from industry analysts, covering ERP customer adoption requirements and preferences, show a solid growth trajectory for cloud ERP solutions. Cindy Jutras, a widely recognized expert in analyzing the impact of enterprise applications on business performance recently conducted a survey to investigate goals and challenges, preferences and the status of ERP in manufacturing organizations. Jutras reports that cloud ERP and SaaS-based applications are 22% of all business applications installed in manufacturing and distribution companies today, and predicts that percentage will grow to 45% within ten years.Principal analyst at Technology Evaluation Centers ( TEC), P.J. Jakovljevic said, “In the life sciences and automotive supplier sectors, there can be many smaller or startup companies that need to comply with many industry regulations (e.g. MMOG/LE in automotive or FDA in life sciences) and they go for the QAD On Demand in a single instance/single-tenant private cloud set up.” 1 The scalability of QAD On Demand allows companies with as few as ten users and as many as thousands to use the same application. QAD helps level the playing field for fast-growing companies to operate on par with global organizations.