News | August 8, 2018

Precision Software Announces New Solution Release

PRECISION 17.2 Includes Enhanced Web UI and Powerful Analytics

Santa Barbara, CA /PRNewswire/ - Precision Software, an industry-leading provider of global trade management and transportation execution solutions, has announced the release of PRECISION 17.2, the next-generation version of its global shipping software. Precision Software is a division of QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB).

"PRECISION 17.2 includes several major enhancements, as well as security updates, performance improvements and easier configuration," said Precision Software President, Steve Gardner.

The latest release offers effective embedded analytics with richer configurable capabilities for transportation execution and trade compliance; a more refined process for researching compliance failures, new workflow auditing captures and upgraded compression capabilities to reduce the growth of compliance databases. PRECISION 17.2 also incorporates enhancements to the Freight Bill Audit & Pay solution, including detailed cost reporting, invoice dispute handling and simplified tax calculation.

"We continually strive to improve the PRECISION solution and simplify global trade and transportation management," said Gardner. "Our latest release is the most robust version of PRECISION, but it is also the easiest to use. The intuitive web UI allows users to easily analyze their data, while the configurable dashboards and charts with drill-down capabilities offer greater visibility across an enterprise's entire global trade and transportation operations. This allows for better decision-making and improved business outcomes."

About Precision Software – Trusted Global Trade and Transportation Execution
Precision Software, a division of QAD Inc., (NASDAQ: QADA) (NASDAQ: QADB), provides industry-leading global trade management, transportation execution and multi carrier shipping software solutions from a single, integrated platform. Pre-eminent industry leaders in every region of the world rely on our global support centers to leverage thousands of carriers and manage millions of shipping transactions every day. The PRECISION solution's open architecture allows for easy integration with leading Enterprise Resource Planning (ERP), Warehouse Management Systems (WMS) and existing legacy solutions. An ISO-certified company, Precision Software assists companies around the world to minimize shipping costs, optimize first mile and last mile deliveries, avoid compliance delays and mitigate the risks associated with dynamic trading environments. Precision Software's customers span multiple industries including banking and finance, life sciences, high technology, retail, industrial, automotive, higher education and public sector as well as logistics providers. For more information about Precision Software, visit or email

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.

SOURCE: Precision Software