QRS Accelerates Implementation Cycles and Lowers Costs with Business Process Integration Solutions from IBM
Richmond, Calif. — April 25, 2002 — QRS Corporation (Nasdaq: QRSI), a market leader in supply chain technology for the retail industry, today announced it will incorporate IBM`s business process integration solution within the QRS product line. This combination will enable QRS` retail industry customers to accelerate the implementation of QRS solutions thus realizing a more rapid return on investment.
QRS offers a full suite of applications and services that enable retail industry customers to automate the supply chain process and collaborate with all of their trading partners -- large or small -- independent of their technology, standards and communication preferences.
Under the terms of the OEM agreement, QRS will license the IBM CrossWorlds technology, an end-to-end business process integration solution that allows QRS applications, including QRS Catalogue, QRS Merchandising and QRS Sourcing, to interact with other leading enterprise applications from vendors such as Oracle, SAP, and i2.
The QRS solutions will benefit retail industry customers by accelerating implementation cycles, lowering the total cost of ownership and improving the return on technology investment. Customers will be able to more quickly integrate best-in-class applications through pre-built adapters that support system-to-system exchanges and allow application upgrades through generic business objects that permit changes without disrupting established connections.
For example, a vendor using an enterprise resource planning (ERP) application could use this adapter to send items from its ERP system to instantly populate the QRS Catalogue, the retail industry`s most comprehensive application for synchronizing and managing product data.
"Retail industry customers are looking for a flexible integration solution that can cut costs, decrease complexity and streamline processes," said Paraic Sweeney, vice president of marketing, Software Solutions & Strategy Division, Software Group, IBM. "The IBM CrossWorlds business integration solution will provide a platform that will support QRS` objectives to simplify supply chain and customer relationship management and allow customers to address changes in the marketplace quickly."
"We have worked with IBM for more than a decade to deliver superior value-added network services that transport critical data among retailers, vendors and suppliers," said Joyce Kim, senior vice president of marketing for QRS. "Our agreement to OEM the IBM CrossWorlds business process integration solution gives our retail industry customers more fluid enterprise collaborations that translate to faster reactions to customer demand, greater commerce efficiency and improved service."
About QRS
QRS (Nasdaq: QRSI), is a market leader in supply chain technology for the retail industry. Since 1988, QRS has led the way in building collaborative commerce relationships through its software applications, trading community management tools and global services. QRS` full suite of proven, scalable technology solutions enable our customers to streamline their supply chain processes and collaborate in real time with their trading partners to help achieve superior profit, maximum efficiency and competitive advantage. Learn more about QRS Corporation at www.qrs.com.
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 our 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; and dependence upon IBM for e-commerce services, among others. QRS assumes no obligation to update the forward-looking information contained in this news release.
QRS is a registered trademark of QRS Corporation. All other trademarks belong to their respective owners.
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