The QAD Enterprise Applications financials suite is available in two editions, Enterprise Financials and Standard Financials. Both editions provide comprehensive controls and capabilities needed to support global financial reporting and disclosure. With these processes built into the software, manufacturers can focus on their business, not their software.
QAD Standard Financials solution is a seamlessly integrated financial solution that addresses the typical needs of globally operated manufacturing companies. It allows manufacturers to gain important benefits by streamlining financial processes from planning, to recording, to reporting, and complying.
QAD Enterprise Financials addresses more complex regulatory requirements, stricter segregation of duties, and more controls as required by larger, more complex enterprises. Enterprise Financials includes sophisticated budget modeling capabilities, advanced reporting, multiple reporting layers that simplify complex Multi-GAAP reporting requirements and enhanced audit capabilities.
Drive efficient processes: Supports both shared services and local autonomy
Streamline regulatory reporting: Built in support for compliance requirements
Increase efficiency: Includes eliminations, consolidations and GL allocations
Improve visibility: Provides insight into operations around the world
Financial Analysis: Provides powerful financial analysis to determine the overall state of the business. It ensures that everyone from C-level executives to line-of-business managers has the best information available to make critical business decisions confidently.
Management Reporting: Provides a powerful tool to generate daily, monthly, quarterly and annual corporate and governmental reports. The extensive reporting features provide maximum flexibility and operational efficiency.
Multi-GAAP: Supports both U.S. GAAP and IFRS, the need for simple yet powerful financial applications increases. Supports adherence to local and regional reporting requirements simultaneously in many jurisdictions, and the ability to transact and report in any currency.
Budgeting: Features a powerful set of budgeting and modeling tools, allowing planning for multiple companies, and multiple level budget roll-ups, with drill down for detailed analysis.
Governance, Risk & Compliance: Provides tools and controls to help companies comply with regulations such as Sarbanes-Oxley (SOX) or the Japanese version, J-SOX.
Consolidations: Automates financial consolidations and eliminations across enterprises, even when entities use different charts of accounts, fiscal periods and currencies. Multiple consolidation views allow for simulated financials, proportional consolidations, in both summary and detail. Automatic eliminations reduce the need for manual journal entries.
Allocations: Simplifies cost and revenue distribution by automatically distributing amounts based on user-defined algorithms and allows for multi-level and recursive allocations.
Financial Shared Services: Promotes centralization and rollout of corporate wide standards, providing economies of scale and ensuring consistency.
Credit Management: Ensures visibility of credit issues and supports customer credit checking across the entire global enterprise, ensuring that local orders or shipments don’t exceed corporate credit limits even if within local limits, and provides critical and timely monitoring of overdue payments and customer balance.
Tax Management: Supports tax calculations, complex tax environments, and taxes for multiple countries in the same database, eliminating the need for regional tax systems
General Ledger: Multiple-layered model supports multiple sets of books to simplify global international reporting across all divisions and regions, and tracks all financial transactions in any currency.
Multi-currency: Allows the organization to conduct business in any currency and generate consolidated reporting in any currency. Dual Base Currency allows transactions to be stored in transaction currency, base or functional currency and in an additional base or statutory currency.
Accounts Receivable: Monitors customer balances, supports credit management, produces statements and aging reports, and records customer payments, including electronic funds forwarding.
Accounts Payable: Streamlines the payables process, manages supplier accounts, monitors outstanding payables, manages electronic fund transfers and automates the processing of payments to suppliers.
Banking/Cash Management: Provides for the efficient management of the organization’s cash flow. It automates the processing of payments using electronic banking, as well as electronic import and balancing of bank statements. Banking/Cash Management projects future cash positions, based on expected cash sources and cash uses.
Cost Management: Provides multiple user-defined cost sets and elements for simulations and analysis, supports cost by location, and supports multiple cost methods in parallel.
Fixed Assets: Supports asset tracking and depreciation calculation and reporting. Provides multiple advanced depreciation methods and multiple depreciation books for reporting and tax purposes.
Enhanced Controls: Provides strict enforcement of the authenticity, integrity, auditing and confidentiality of electronic records and supports eSignature.
Logistics Accounting: Allows users to track and monitor freight costs and financial transactions by accrual and recovery of freight charges for delayed or missing invoices, critical to costing items accurately when freight invoices may lag behind the material invoice. Customer Management
QAD’s comprehensive suite of customer management solutions supports all phases of the customer lifecycle—from acquiring customers, through managing orders, pricing and fulfillment. Customers rely on our solutions to run marketing and sales force automation, manage sales force activity and performance and to monitor adherence to their sales process.
Drive revenue: Through effective and cost efficient marketing campaigns
Increase visibility across all channels: Giving a complete picture of the customer
Improve the customer’s experience: Quick, accurate information and self-service options help keep the customer informed
Streamline order processes, including configurations: Accurate order entry and product configuration reduce costs and shorten deliveries
Customer Management Highlights
Customer Relationship Management (CRM): Provides a fully functional sales and marketing automation toolset designed to improve sales and marketing productivity, including communications and scheduling tools, pipeline and forecast management and customer service.
Sales Quotations: Supports management of sales quotations for tracking and conversion to sales orders.
Sales Orders: Supports order entry, tracking and reporting order status and inventory allocations in both centralized and decentralized mode. It also allows customer service representatives (CSRs) to configure the process to match the company business processes.
Sales Analysis: Allows companies to monitor margins and salesperson productivity. It also provides analysis on sales by product, item, site and customer, and ranks sales by item, margin or quantity sold.
Pricing: Dynamic and flexible framework for multiple price lists with effectivity dates and discounts that applies sophisticated rules to ensure best pricing.
Configurator: QAD’s rules-based product configurator supports complex configurations in quoting and order entry as well as production planning.
Customer Self Service (CSS): Provides a web storefront for self-service sales transactions and inquiries that enable manufacturers to automatically take orders while reducing processing cost and time to deliver, and with a higher degree of accuracy.
Demand Management: Enables the collaborative creation of more reliable logistic, sales, and budgetary forecasts based upon a wide range of simple to complex algorithms.
Trade Management: Enables the ability to drive, manage and reconcile ongoing product promotion events with key retailers to ensure that spending generates appropriate sales, and manages rebates, chargebacks and promotional activities. Manufacturing
QAD Enterprise Applications Manufacturing suite is a complete and feature-rich suite addressing simultaneous, multi-mode manufacturing and provides full shop floor control of orders through the entire manufacturing process. It provides for mass customization of products in response to customer’s unique requirements, and measures and tracks performance and quality. The solution provides tools for planning, scheduling, cost management, material control, shop floor control and reporting in, discrete, repetitive, multi- and mixed-mode, Kanban, flow, batch and formula process and co-product/by-products manufacturing.
Streamline manufacturing planning and execution: Incorporates best practices and enables efficient coordination
Improve response time: Enables timely access to accurate planning information
Increase customer satisfaction: Allows faster response to demand changes
Drive performance: Measures performance to strategic goals and facilitates adoption of tactical plans
Product Data Management: Provides capabilities for tracking part numbers, bill of materials (BOM), routings and work centers, and integrates to Product Change Control (PCC) or Product Lifecycle Management (PLM).
Manufacturing Planning: Includes fully integrated MPS and MRP and supports all production control methods such as repetitive, discrete and mixed-mode environments. Allows for simple adoption of tactical plans to meet and exceed customer expectations and changing demands.
Manufacturing Execution: Provides a full range of tools to track production and operation completions, scrap, and rework and quality results. Flexible inputs include shop floor data collection devices such as bar code or RFID equipment, SCADA, or manually keyed entries.
Quality Management: Supports product quality, including inspection and testing, incoming inspection of purchased items and inventory sampling. This includes definitions of standard testing procedures and manages inventory sampling plans and quality work orders.
Lean Manufacturing: Supports companies adopting lean principles, QAD’s integrated Lean Manufacturing supports Kanban, TAKT time calculations and visual control methods.
Manufacturing Scheduling: Provides a simple, visual manipulation of the master schedule and planned production. Planners can schedule production to meet demand more effectively and take action when problems are imminent.
PRO/PLUS: Tools to manage supplier performance tracking and advanced production tracking. Supply Chain
QAD Supply Chain supports supply networks with enhanced visibility, and the ability to drive margin and cost improvements, reduce lead times, increase inventory turns and meet industry compliance requirements.
Improve margins: Helps eliminate waste and reduces inventory
Drive the effective enterprise: Promotes efficient business processes
Streamline communication: Customer and supplier portals simplify and speed communication
Increase responsiveness: Faster access to information means faster response times
Supply Chain Highlights
Purchasing: A comprehensive procurement and strategic sourcing tool, fully integrated with planning, that provides sophisticated pricing across contracts and individual and blanket orders.
Supplier Performance: Monitors and reports supplier performance against defined metrics and key indicators, enabling constant monitoring and dialog with suppliers about quality and performance.
Supply Chain Planning:
Distribution Requirements Planning (DRP): Intra-company demand planning allows companies to easily plan, manage, track and record costs associated with the transfer of items between sites
Enterprise Operations Planning (EOP): Supports the highest level of S&OP and integrates with planning and scheduling.
Consignment: Manages and tracks consigned inventory received from suppliers in a Vendor Managed Inventory (VMI) model or sent to customers from — receipt to inventory to consumption — and creates triggers for payment processing.
Warehousing: Supports the requirements of organizations with larger or more sophisticated warehouses. QAD Warehousing provides automated task management, RF based picking, wave management, batch picking, location find/audit, put-away, picking, cross docking, quality control, replenishment, transfers and advanced cycle counting activities, including full support for global inventory views in multiple physical warehouses across multiple domains.
Demand Planning: Tools to build and manage forecasts, either collaboratively or individually, based on mathematical models that utilize demand history.
Release Management: Provides integration into customer schedules — cumulative schedule-based (Cum) or net-based — directly into QAD Enterprise Applications. Handles sequenced scheduling and links details (Kanban, Drop Zones, etc.) to specific scheduled release lines.
Transportation Management: Provides a complete set of tools to optimize shipments by air, sea, parcel, truckload or less than truckload; provides international documentation and assists in compliance with denied party regulations.
Data Synchronization Interface: Provides required GS1-compliant messaging for supplier-side transactions using workflow.
Supply Chain Portal: Collaborative portal communicates demand changes in real time and tracks the flow of orders and shipments using ASNs. Analytics
QAD Analytics enables companies to become effective enterprises by monitoring performance against defined key metrics and key indicators. It provides reporting any way the user wants, from basic reporting through simple browses, to user portals or complex OLAP analysis—all in real time. It allows users to view trends and drill down into detailed data from multiple sources, providing the flexibility and accuracy to quickly make fact-based decisions, and to analyze and share critical information.
Drive performance to strategic metrics: Monitors and reports performance against defined strategic effective enterprise metrics
Improve business performance: Provides visibility into performance trends against strategic goals
Reduce business risks: Identifies issues before they become problems to keep processes running at peak performance
Streamlined reporting: Consolidates data from multiple sources and provides a single point to view information, simplifying analysis
Produce forms and outputs: Allows users to format common forms in WYSIWYG (What You See Is What You Get)
QAD Enterprise Applications Analytics Highlights
Operational Metrics: Provides a single point of view to key effective enterprise performance measures and helps identify issues before they become problems.
Reporting Framework: Provides graphical view to status metrics to identify issues that impede performance and provides decision guidelines in line with objectives; allows the creation of browses and structured inquiries, views and WYSIWYG reports.
Workflow Alerts: Alerts and notifications ensure information flows to responsible individuals.
Business Intelligence: Promotes fact-based decisions by unifying data from multiple sources using an included ETL (Extract, Transform, Load) tool, allowing decision makers to access, analyze and share critical information using a browser-based portal.
QAD BI Data Warehouse Designer: Allows data consolidation, optimization, multi-currency consolidation, support for database maintenance tasks and impact analysis, and provides a single repository for transformation logic.
QAD BI Modules: Integrates with QAD apps out of the box and organized to make data easy to access without complex database queries and programming resources.
QAD BI Portal: Enables decision makers to create and re-use secure dashboard components placing critical data at their fingertips. Interoperability
QAD Interoperability solutions are available at many layers throughout the solution. They enable enterprise and trading partner applications to interoperate seamlessly with QAD Enterprise Applications. This robust solution set relies on standard business rules. It simplifies the upgrade process and enables integration without coding.
Reduce costs of integrating multiple systems: Automatically synchronizes with no coding required
Ensure consistent information: Ensures systems remain in sync with data repository
Desktop integration: Seamlessly transfers information from common desktop applications like Microsoft Office and Excel
QAD Enterprise Applications Interoperability Highlights
QXtend: A simple message-based integration tool that runs over middleware or peer-to-peer. QXtend features a full set of APIs accommodate to most transactions addressed by QAD. QXtend has a documented set of mapped transactions that simplify integration tasks defined in QDocs. QXtend is the backbone for application-to-application integration to the QAD Enterprise Applications suite, as well as opening up the application to other sources. QXtend allows automated and rules-based data synchronization tasks and eliminates the burden of maintaining custom interfaces.
QAD Integrated Customization Toolkit: A simple customization toolset that offers anon-invasive design methodology, a set of development standards and a tool to monitor, track and debug customizations to ensure ease of upgrading and conformance to QAD standards.
EDI eCommerce: Provides a streamlined method for managing EDI communications between trading partners, including an end-to-end integration broker for B2B communications.
QAD’s EDI eCommerce module supports multiple parallel EDI documents depending on trading partner or Value-Added Network (VAN) provider.