Category: QAD Financials

In this fast-paced, largely computerized world, breaches of cybersecurity can have serious impacts on businesses. Automating intercompany material transfers and transactions both increases efficiency and reduces manual errors. The benefits of such automation include: Increased efficiency due to automation of processes Reduced user errors Immediate data synchronization between business units Elimination of double entries Real-time updates of order status The advantages of automation are easy to realize when using QAD’s...

In this fast-paced, largely computerized world, breaches of cybersecurity can have serious impacts on businesses. As a result, the segregation of duties has become increasingly crucial aspect of cybersecurity. Segregation of Duties (SOD) creates a system of checks and balances that protects businesses from fraud and manual errors. Making multiple individuals responsible for different aspects of a transaction makes it more difficult to commit and conceal fraud, and has the...

The process of building a financial report using FRW can be broken down into two main steps: Cubing data Creating reports This blog will focus on the second step, generating reports. If you want to learn how to create cube data using FRW, read our other post on this topic here.   Creating Reports Once you have created your cubes, you are primed to create any and all reports using...

QAD’s Financial Report Writer is a very useful accountant’s tool within the QAD environment that works on top of the general ledger to organize transactions and generate reports (such as balance sheets and income statements). Though financial statements must be built from scratch, the ability to keep and organize financial data within QAD, as opposed to exporting it to an external tool, is very convenient. Additionally, as GL transactions post,...

Over 70% of acquisitions fail to meet their business objectives. If you’re looking for ways to avoid the pitfalls of the 70%, then read on. This article will discuss why the acquisition failure rate is so high, including some of the challenges of ERP integration during an acquisition, and we will cover how a process-based approach to ERP integration can alleviate these difficulties. Why Most Acquisitions Fail The hard truth...

A plastics shortage has persisted in the United States since the Texas Freeze in February. One of the largest exporters of plastics and petrochemicals, Texas faced mass blackouts during Winter Storm Uri this year, forcing the shutdown of many chemical plants. Though the weather has warmed, the plants have been slow to reopen, as the process of restarting a chemical plant is tedious and dangerous and thus cannot be rushed....

The COVID-19 pandemic has been hard on businesses in many ways, and manufacturers are no exception. The persistent economic uncertainty has contributed to a labor shortage, making it difficult for companies to plan and fulfill production goals efficiently while maximizing their available resources. QAD’s MSW/PSW functionality can help to alleviate scheduling issues that may arise if you have fewer workers than you anticipated. It is a very useful tool for...

The hard truth is that a cyber and/or data security event can happen to any medical device manufacturer. However, there are practices and tools that can allow companies to reduce their cyber and data security risks. This article will discuss some of these safeguards. We’ll discuss the potential consequences that cybersecurity events can have for medical device manufacturers, solutions to prevent possible security breaches, and we’ll cover some different forms...

Automotive manufacturing companies typically desire to continuously improve their business processes to maximize revenue. This is often done by generating ideas and forecasting the expected impact to the organization. Understanding how QAD generates variances, and the significance of them, can allow automotive manufacturers to assess the impact of process improvements. This article will review several of the common variances that QAD may generate. We will focus on Purchase Price Variance...

QAD’s Reporting Framework (QRF) is a very useful tool for formatting customer-facing documents such as Invoices and Sales Order Acknowledgments with less of a need for Progress programming skills than may have been needed to customize and format these documents in prior versions of QAD with no QRF. In a number of recent implementations of QAD EE, Logan Consulting worked with its clients to implement the following: QRF Invoice and...