Category: QAD Financials

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...

As companies implement QAD EE and its .Net interface when they convert from other ERP systems or as they upgrade from previous versions of QAD’s ERP software, the power of browses continues to add value! Power users and IT teams who understand where QAD EE data resides can easily create browses which can be used on an ad hoc basis or linked to a menu and accessed by all users...

Product costing is essential to any profitable business and should therefore be an ongoing analysis activity for any medical device company. Rather than assessing budget and product costs once a year, many companies will regularly compare actual costs to the standard, allowing them to begin building next year’s cost model well ahead of time. Ongoing product costing efforts can help your business to answer the following questions: What are your...

Cost management is essential to any profitable business and should therefore be an ongoing analysis activity for any food and beverage company. Rather than assessing your budget and product costs once a year, continuously compare your actual costs to the standard so that you are constantly looking at results and can begin building next year’s cost model well ahead of time. Ongoing product costing efforts can help your business to...

The validation process typically starts when a medical device organization documents the requirements to select ERP software. Requirements definition is also the first opportunity for a company to have a validation conversation. However, most companies have the validation requirements conversation after they select software, only to later realize that they may have purchased software that is difficult to validate with the FDA. As a result, the implementation can take longer...

For automotive manufacturers to remain as competitive as possible in today’s environment, these organizations must consider the importance of cycle counting when seeking to improve inventory accuracy. This article discusses the concept of cycle counting, its long-term benefits and best practices, as well as the solutions QAD can provide. A Review of Inventory Accuracy and Cycle Counting Inventory accuracy is vital. If a business’s inventory is inaccurate, the business may...

To ensure that the Accounting department stays as efficient as possible this year, many automotive manufacturers must consider automating financial transactions. Accounts Payable (AP) is an easy target for automation since these transactions are repeatable and are defined by strict business accounting control processes. This article will discuss the investment required to automate AP processes, as well as both the monetary benefits derived and the solutions available with QAD Enterprise...

With the vast product lines inherent to food and beverage operations, Chief Operating Officers, Plant Managers and other operations leaders are under pressure to manage a bevy of resources  needed to create, package, and execute a complete product. There are seemingly infinite combinations of different products, sometimes just varying by an ingredient or a single packaging material. QAD is fully equipped to keep an eye on it all. Manage Complex...

A good budget process is essential to effectively managing a business. Budget management is the process of projecting and developing estimates for future financial results. While budgets are used to manage and track incomes and expenses, sales side people often refer to revenue budgets as “projections” while cost-side people typically stick to the word budget. The overall budget process usually starts with the creation of an annual fiscal year sales...

It is vital for any manufacturing organization to execute the year-end processes properly and on time. In this list, we’re going to cover five crucial aspects of financial year end activities—and how QAD can provide solutions. 1. Inventory Reconciliation In order to ensure that a manufacturing organization has a successful year-end close, it must follow the typical process of inventory reconciliation, which we outline in the following steps: Count the...