|By Business Wire||
|September 12, 2012 10:08 AM EDT||
QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB), a leading provider of enterprise business software and services for global manufacturing companies, and its strategic alliance partner, Sopra Group, announced today that Frank & Pignard SAS, a wholly-owned division of Maike Group, has gone live with the latest edition of QAD Enterprise Applications.
Frank & Pignard provides a variety of power steering and engine injection parts for major automotive original equipment manufacturers (OEMs). Founded in 1929, the company operates three production plants located in Thyez, France. As a QAD customer since 1999, Frank & Pignard relies on QAD Enterprise Applications to efficiently manage its business.
With the automotive market recovering, and ambitious plans for growth in place, the company identified an opportunity to leverage additional new functionality by upgrading to the latest Enterprise Edition of QAD Enterprise Applications.
“We needed to enhance our system to provide our customers the level of support they require,” explained René Pierre Chemama – CIO, Frank & Pignard SAS. “By upgrading to QAD’s latest edition of Enterprise Applications we have ensured that we can continue to provide the best service for our existing customers as well as attract new clients.”
A critical customer driven change for the company was the complete redesign of their existing EDI platform. As part of the upgrade, Frank & Pignard has standardised all EDI communication with its car manufacturer clients using the QAD EDI solution which is expected to have a direct impact on supply chain efficiency.
The project was delivered by a combined team comprised of personnel from QAD, Sopra Group, and Frank & Pignard. QAD’s deployment methodology was used to standardize on best practices and minimize the need for customizations. The implementation of the latest Enterprise Edition at both sites was achieved in less than five months.
Another key deliverable from the upgrade was the new functionality contained within the QAD Enterprise Financials suite. The company’s finance team implemented a shared services structure across their European operations to drive efficiencies and gain competitive advantage. QAD’s built-in Operational Metrics allow the company to closely monitor its key performance indicators, and rapidly take action if needed.
“We are focused on delivering enterprise applications that help our customers become more effective enterprises,” said Steve Gardner EMEA vice president, sales and marketing, QAD. “Moreover we continue to work closely with our global customers to help ensure they are evolving their usage of QAD technology, upgrade innovation and services to gain optimal benefit and speed time to value.”
About Frank & Pignard
Frank & Pignard has provided automotive parts to the European market since they were founded in 1929. The company specializes in the production of power steering and engine injection components. Frank & Pignard primarily sell to the European Automotive markets and name PSA Peugeot/Citroen, Audi, Porsche and Volkswagen amongst their customers. Frank & Pignard employs over 500 people and operates three manufacturing facilities in the Vallée de L’Arve.
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. Words such as “expects”, “believes”, “anticipates”, “could”, “will likely result”, “estimates”, “intends”, “may”, “projects”, “should”, and variations of these words and similar expressions are intended to identify these forward looking statements. Forward-looking statements are based on the company’s current expectations and assumptions regarding its business, the economy and future conditions. 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 2012 ended January 31, 2012, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission.