GHX, a software-as-a-service company offering supply chain automation solutions for healthcare, and QAD Inc. (NASDAQ:QADA) (NASDAQ:QADB), a provider of enterprise resource planning (ERP) solutions and services, have successfully completed their first integration of a QAD ERP system user to the GHX electronic trading exchange, paving the way for other QAD system users to seamlessly transact business with their healthcare customers through GHX. In addition to supporting electronic procure-to-pay transactions, GHX also helps improve supply chain processes by maintaining and publishing critical, standardized data for efficient ordering.
The QAD Cloud ERP software is designed to meet the needs of worldwide Life Sciences customers in a variety of segments from medical devices to pharmaceuticals. The integration of QAD’s ERP solution with GHX provides the opportunity for QAD’s Life Sciences customers to transact electronically via QAD Cloud EDI with more than 4,100 North American-based provider organizations currently integrated with the GHX trading exchange.
“Integrating QAD Cloud ERP with GHX supports the needs of our Life Sciences customers as they work to streamline and improve business interactions with their provider customers,”said Dave Medina, vice president of Life Sciences, QAD. “GHX serves as a single EDI channel to the majority of provider organizations with which our customers transact business, eliminating the need for time consuming, complex and costly point-to-point EDI connections.”
“QAD Cloud EDI made our first customer integration simple, now we can easily bring other QAD Life Sciences customers live onto the Exchange,”said Paul Feicht, senior vice president, Customer Operations, GHX. “This opens the door for QAD customers to gain access to the GHX collaborative community and automate business transactions with their provider customers for greater efficiency and cost savings.”
About GHX
Global Healthcare Exchange, LLC (GHX) is driving costs out of healthcare by transforming the healthcare supply chain. Working with providers and suppliers, GHX is accelerating change by providing a faster, more efficient and collaborative supply chain that will take billions of dollars out of the cost of healthcare. For more information, visit www.ghx.com and The Healthcare Hub.
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.
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 2013 ended January 31, 2013, and in particular, the section entitled “Risk Factors”therein, and in other periodic reports the company files with the Securities and Exchange Commission.