Category: QAD Financials

There are many advantages and incentives to expanding business operations to Mexico, the second largest trading partner of the United States. However, for manufacturers to take advantage of Mexico’s operational benefits, they must ensure they remain compliant with all of Mexico’s statutory requirements. Below are four key legal statutory requirements that apply to manufacturing operations in Mexico. 1. Electronic Invoicing The first of the major statutory requirements is electronic invoicing. Any business...

Configuration Management Configuration management is “a process for establishing and maintaining the consistency of a product’s performance, functional and physical attributes with its requirements, design and operational information throughout its life.” Configuration management streamlines the quote-to-delivery cycle for to-order medical device manufacturers because it enables the generation of items, bills of material, engineering drawings, routings, and instructions. Additionally, configuration can create and/or enable required attributes, characteristics, and specifications for the...

Recent decades have witnessed major advances in medical technologies that have been responsible for earlier and more accurate diagnoses, more effective treatments, and the ability of people to live longer, healthier lives. But because new technology is the primary driver of rapidly rising health care expenditures, these advances do not come without risks and costs. To minimize risk and control costs, health care facilities are now being more selective in...

It is vital for any food and beverage organization to execute the year-end processes properly and on time. In this list, we’re going to cover seven crucial aspects of financial year end activities—and how QAD can provide solutions.   1. Inventory Reconciliation – with Lot Control/Expiration In order to ensure that a food and beverage organization has a successful year-end close, it must follow the typical process of inventory reconciliation,...

There are many advantages and incentives to expanding automotive business operations to Mexico.  Mexico has free trade agreements with 50 countries including the United States, where roughly 80% of its exports go. In addition, Mexico takes a strong initiative toward growing its automotive industry, and there is always an ongoing interest in Mexico for more automotive exports, which are crucial for the Mexican economy. In fact, in 2018, Mexico was...

As this is continual area of emphasis for ERP go-lives that we are involved in, we thought we would re-iterate the importance of this topic, written about back in 2014 as the importance of it has not diminished! The cutover to a new ERP system, or Go-Live, is often a difficult and stressful event for those involved. As the typical cutover weekend approaches and passes, teams often neglect the definition...

Having presented a session with a great client and attended other sessions, I view this conference as a success. Although we missed the personal interaction and side conversations with clients, vendors and QAD during the normal course of an in-person conference, the board did a good job of structuring and organizing this event. Logan Consulting appreciated being able to lead and participate in the following sessions: Success Story: GHSP Upgrade...

In the wake of the Covid-19 outbreak, manufacturers across the globe have made difficult decisions to keep up with the rapidly changing demands of the market and to mitigate unforeseen and often devastating risks to their businesses. Whether it be supply chain disruptions, factory shutdowns, or under- or over-production of inventory, almost all industries have felt the wide-reaching effects of the pandemic. As budgeting season rolls around, it is important...

The Peoples Republic of China (PRC) require monthly filings of statutory compliant income statements and balance sheets for each China operating entity.  QAD has constructed a solution enabling companies to meet this requirement.   The Regional Balance Sheet and Regional Income Statement menu programs will generate these statements. To enable this functionality in your China domain or domains, several configurations must be completed.  They include: Creation of an alternate chart of...

QAD’s ERP software provides several reporting tools.   Those tools include data views and browses, reporting framework reports and financial reporting tools. The Financial Report Writer (FRW) features a wide range of functionality. Near Real Time Reporting : As financial transactions are posted to the general ledger, a background process runs to refresh the FRW data set.  This enables FRW reports to have hourly and daily views of the financial results....