ERP Solution Delivers Improved Operational Performance for Chinese
“We believe that leading edge solutions in both technical and management methodologies are essential for a modern enterprise to be successful in the marketplace,” said CHCD General Manager Mr. Geng Huixiong. “The implementation of this QAD ERP solution helps CHCD to maintain its leadership in the domestic automotive electric parts sector. It has motivated employees to embrace new, enlightened management practices to usher in a new era for CHCD.”
CHCD undertook an exhaustive and comprehensive evaluation of the ERP solutions before choosing QAD as its solution of choice. It based its decision on the robust functionalities that met their unique needs and QAD’s extensive experience in working with global manufacturers.
“The QAD Enterprise ERP solution offers an opportunity for CHCD to entirely transition its management system to a new set of business processes which will introduce new efficiencies to the entire enterprise,” said Mr.
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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,” “would,” “might,” “plan” 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 its fiscal year ended