Expanded Solution Helps Small and Mid-Sized Suppliers Trade with Retailers More Quickly and Accurately
Richmond, CA - October 28, 2003 - QRS Corporation (Nasdaq: QRSI) announced today the general availability of QRS Web Forms(tm) 7.0, which includes several new features to help retailers and suppliers more efficiently manage retail trading partnerships. QRS Web Forms is an Internet-based application that streamlines the order to fulfillment process, facilitating the timely and accurate delivery of orders, shipments and invoices without the need for additional hardware, staff or training.
QRS Web Forms is designed to enable small and mid-sized vendors to transact electronically with retailers, and quickly and efficiently achieve 100% compliance with retailer requirements with minimal up-front investment. QRS Web Forms is used by more than 1,500 small to mid-sized vendors in the retail trading community to facilitate timely delivery of orders, shipments and invoices to the right place.
This latest version adds email notification service and advanced support for organizational hierarchy, as well as back-end enhancements, to improve operational efficiencies, ease of use and workflow response times across the retail supply chain.
"We were up and running on QRS Web Forms in four days, and have achieved significant savings over the last two years by automating our processes," says Ronit Levy, EDI controller, at Novelty Plus, Inc. in New York. "QRS Web Forms enables us to meet our retailers` requirements, so we can expand our footprint, and this new version should further enhance collaboration with our retailers."
Key enhancements include:
· Email Notification: QRS Web Forms can now notify suppliers via email whenever new inbound documents arrive, such as purchase orders (POs) and PO changes. This proactive notification helps ensure that a supplier is able to respond immediately to purchase orders.
· Updated Manufacturer ID Field: To help trading partners comply with UCC`s latest retail requirements, the QRS Web Forms manufacturer ID field can now hold up to 10 digits. The Manufacturer ID (also called UCC Block ID) and Sequence Number are components used to identify the UCC-128 carton for the shipping labels and on the advanced ship notice (ASN). This ensures accuracy of the information sent from a suppliers` QRS Web Forms system.
"Vendors and suppliers are under increasing pressure to reach compliance with retail industry requirements, and do to so, they need a way to be able to communicate and transact efficiently," says QRS Vice President of Product Strategy Renee d`Ouville. "With this release, we`ve drawn from customer feedback to improve QRS Web Forms functionality and facilitate an even more fluid transaction process for the global retail community."
About QRS Web Forms(tm)
QRS Web Forms is an easy-to-use, cost-effective solution that facilitates the timely delivery of orders, shipments and invoices to the right place and in 100% compliance with retailer requirements. The solution enables suppliers to leverage the Internet to receive and send EDI or e-commerce documents without re-keying information, and handles all data translation to ensure that documents comply with trading partners` EDI, e-commerce specifications. QRS Web Forms reduces errors and streamlines the entire transaction process by automatically generating invoices and ship notices from purchase orders, enabling flexible and pre-pack packaging and shipment, and generating reports and labels.
QRS (Nasdaq: QRSI) is a leading provider of collaborative commerce solutions for the global retail trading community. We enable companies to communicate electronically with their global trading partners; conduct cross-company transactions; synchronize and manage product data; collaboratively source, merchandise and import goods; and automatically detect and resolve supply chain issues. More than 8,000* retailers, brand marketers, manufacturers, suppliers, wholesalers and distributors from a variety of retail segments - including Federated Department Stores Inc., Groupe Clarins USA, Jones Apparel Group Inc., The Kroger Company, Sears, Roebuck and Co., and Selfridges plc - use QRS solutions to significantly improve their overall business performance. Learn more about QRS at www.qrs.com
*Based on total, unique QRS corporate customers that purchased or licensed QRS products and services between January and December 2002.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This release contains forward-looking statements regarding future events and the future financial performance of QRS Corporation that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by QRS Corporation with the SEC, specifically the most recent reports on Form 10-K, 8-K, and 10-Q, each as it may be amended from time to time, which identify important factors that could cause actual results to differ from those contained in the forward-looking statements, including risks associated with general economic conditions; specific conditions in the retail industry; competition; changes in senior management; rapid technological change in our industry; dependence upon key customers and their trading partners; ability to introduce and market acceptance of new products and services; the ability to successfully integrate and manage acquired businesses and technologies; customers` willingness to purchase products or services offered through or in conjunction with third parties; and dependence upon IBM for e-commerce services, among others. QRS disclaims any obligation to update the forward-looking information contained in this news release.
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