Category: QAD Financials

In the fast-paced world of business, staying ahead of the curve requires continuous adaptation and optimization. For businesses relying on ERP and specifically QAD solutions, a thorough understanding of their current operational state is crucial. A Current State Assessment (CSA) is the evaluation of an organization's existing processes, workflows, and pain points. It is a beneficial tool in optimizing efficiency. In this blog post, we dive into the key benefits...

In the life science industry, efficiency, compliance, and adaptability is key for sustained success. The right Enterprise Resource Planning (ERP) solution can play a pivotal role in achieving these goals. One such solution is the QAD ERP system. With its tailored features and industry-specific functionalities, QAD ERP is an ideal choice for companies within the life science sector. In this blog post, we examine three key advantages of QAD ERP...

You have done your research, know your facts and have made the decision to upgrade to QAD EE. QAD EE is an integrated suite of enterprise resource planning (ERP) solutions designed to streamline and optimize various business processes, including manufacturing, supply chain, finance, and more. An upgrade to QAD EE involves migrating to a newer version of the software that brings forth enhanced features, improved functionality, and increased performance. However,...

QAD EE Upgrade Approaches Thinking about upgrade approaches for QAD EE? As most QAD users know, the upgrade to QAD’s Enterprise Applications Enterprise Edition (QAD EE) from older versions of QAD’s ERP software could be a significant undertaking. Prior upgrades over the last 20 years could largely be completed as technical exercises, assuming that few customizations and business processes change. The underlying technical architecture of QAD SE from one version...

In QAD, users can use tools and techniques to maximize their cash flow.  Cash flow forecasting enables businesses to predict more accurately for the future, assess performance, and identify possible cash shortages.  In this blog, we will provide you with insights on maximizing cash flow with QAD. These tools below enable your business to ensure the appropriate cash is received or used at the appropriate times. Inbound Cash Inbound cash...

Overview Fixed assets are large capital purchases which companies record as assets that depreciate over time (instead of expensing the cost). Companies can use fixed assets to make large investments in capital purchases that are used in production of its goods and services. Fixed assets allow companies to make purchases that do not result in a large impact on their income statement in the first year. Instead, the cost of...

Supplier Schedules Supplier schedules in QAD give suppliers a forecast of what a company intends to buy over a certain period of time. With a one-time set up, supplier schedules allow MRP to take over and automatically generate purchase orders. Supplier schedules are intended for use with long term contractual agreements that typically require regular weekly, daily,  or even hourly deliveries. Supplier Schedules can be used with a fixed price,...

This blog details a QAD bank drivers business case, in which leveraging bank drivers solutions enabled greater business efficiency. Business Case The client pays their vendors once a week during their Accounts Payable run. 90% of their payments are made via check currently. Their current ERP does not allow them to store supplier bank numbers in the system and does not allow them to export electronic payments. Therefore, for the...

QAD’s tools make it simple to create and manage volume discounts that apply to all quotes and sales orders, product lines, line items (inventory or memo, debits, or credits), and all customers with the same Customer Type. A customer never receives a discount smaller than the one entered in the customer file, unless it is manually overridden. You can manage volume discounts in Volume Discount Maintenance by filling out the...

QAD's Revenue Recognition module is designed around the Accounting Standards Codification (ASC) 606, which is part of the Generally Accepted Accounting Principles, or GAAP, that public and private companies are required to use when recognizing revenue from contracts with customers. Users are able to configure their QAD system to automatically create revenue contracts and performance obligations from a sales order. Once configured, revenue recognition rules will default to each performance...