Precision Software Announces The Release Of PRECISION V17

Precision Software, a worldwide leader in multi-carrier shipping software announced today the availability of PRECISION v17, 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.

Key New Benefits:
  • The Effective User
  • PRECISION Freight Bill Audit & Pay
  • Local device access

PRECISION v17 Details

The Effective User - This release introduces the Effective User. This allows PRECISION to be tailored to the specific needs of different types of users. Thirteen user roles, grouped in three categories, have been identified and configured into the PRECISION solution. Navigation has also been overhauled to support role-based access. Upon login, a user will be presented with the features that are important to their specific role(s). They can maintain favorites, easily search for features and choose their own home page.

Freight Bill Audit & Pay - PRECISION Freight Bill Audit & Pay (FBAP) was designed to help manage the review and payment process of invoices from carriers. It matches the invoice charges with estimates made at the time of shipping. These estimates may have been generated by PRECISION during shipment execution or by other systems and loaded into PRECISION. This solution identifies discrepancies that fall outside of allowed tolerances and raises an exception. These exceptions can be accepted or challenged. When invoices are approved they can be released to other systems for payment.

Local Device Access - The PRECISION application may need to connect from a supported browser to attached weighing scales and/or to send labels and documents to printers that are available locally, but not necessarily available to the application servers. In previous releases, this was achieved through the use of applets. However, for security reasons the browser vendors have been removing support for applets. This release allows the PRECISION solution to make these connections without using applets.

About Precision Software - Delivering Intelligence

Precision Software provides industry-leading  multi-carrier shipping [ https://www.precisionsoftware.com/solutions/multi-carrier-shipping-software], global trade management [ https://www.precisionsoftware.com/solutions/global-trade-management] and supply chain management software to global enterprises. The Precision suite is designed on a single, integrated platform to enable easy integration with most Enterprise Resource Planning (ERP) solutions, Warehouse Management Systems (WMS) and other existing solutions. We help enterprises manage costs, connect to a truly global carrier network, compare carriers and track shipments. Each year, our customers rely on our 21 support locations across the globe to leverage more than 500 carriers and manage over 3 billion shipping transactions requiring trade compliance, and global document generation. We are a proven choice to avoid delays at border crossings and mitigate the risks associated with dynamic trading environments. Precision Software services global business leaders in a variety of industries, including  life sciences [ https://www.precisionsoftware.com/industry/life-sciences], banking and finance [ https://www.precisionsoftware.com/industry/banking], retail [ https://www.precisionsoftware.com/industry/retail], consumer packaged goods [ https://www.precisionsoftware.com/industry/consumer-products], high tech [ https://www.precisionsoftware.com/industry/high-tech], industrial products [ https://www.precisionsoftware.com/industry/industrial], food and beverage and third-party logistics providers [ https://www.precisionsoftware.com/industry/logistic-providers]. Precision Software is a division of QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB).

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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