New Product Information Management Solution Complements QRS Catalogue™ for End-to-End Data Synchronization Solution
RICHMOND, CA – January 12, 2004 – QRS Corporation (Nasdaq: QRSI) today announced the general availability of QRS IMPACT™, a new product information management software solution designed specifically for brand marketers, suppliers and retailers. Building on QRS` 15 years of retail industry expertise, QRS IMPACT unifies and synchronizes product information for effective global brand execution.
A centralized product information repository is key to helping both retailers and brand marketers conduct more efficient, cost-effective business. By improving the accuracy, quality and accessibility of product data, both the retailer and the supplier can reduce costs and errors, while improving brand equity and increasing their ability to compete in a highly aggressive market.
"An end-to-end data synchronization strategy should be a priority for the global retail trading community," said Andrew White, Gartner Research Director. "The right combination of product information management and data synchronization solutions will have a significant impact on driving effective merchandising, improved inventory control and enhanced customer service."
The integration of QRS Catalogue™ and QRS IMPACT provides brand marketers, suppliers and retailers with a complete end-to-end solution designed specifically for the retail industry. QRS IMPACT helps manage internal data, enforce workflow processes, and publish highly targeted content, while QRS Catalogue manages the synchronization across companies and trading communities.
Providing supply chain participants with access to universal, standardized electronic product information is the foundation on which effective global brand execution is built. The benefits of instituting an end-to-end data synchronization solution may include fewer out-of-stocks, increased speed-to-market, reduced costs associated with correcting inaccurate information and improved response to consumer demands, ultimately enhancing a company`s brand equity. Other benefits include overall improvements in companies` supply chain costs, and a boost to the bottom line.
"For 15 years, QRS has delivered data synchronization solutions that give thousands of retailers, suppliers and brand manufacturers the opportunity to cut waste and costs throughout the supply chain," said Liz Fetter, President and CEO, QRS Corporation. "The increasing need for greater detail and higher quality product information has led us to offer a solution that tackles the problem where it starts – inside the company. QRS IMPACT is a powerful solution that will help our customers by extending the benefits of data synchronization into their own organizations and internal processes, enabling more effective global brand execution."
About QRS IMPACT™
QRS IMPACT™ is a new product information management software solution designed specifically for brand marketers, suppliers and retailers. By providing a single, global repository of product information within a company, QRS IMPACT ensures the on-time, accurate and relevant flow of information across departments, diverse channels and trading partner syndication points.
About QRS Catalogue™
QRS Catalogue™ is the retail industry`s leading product data synchronization application, allowing more than 3,500 marketers, manufacturers, suppliers and retailers to share the latest product information, such as price, style, color, size and over 450 additional product attributes. QRS Catalogue offers a complete solution for item setup and synchronization, and supports the latest EAN.UCC global standards and initiatives. By automating business processes such as item setup and maintenance, promotional price management and product marketing content management, QRS Catalogue helps customers achieve increased revenue and greater productivity.
About QRS
QRS (Nasdaq: QRSI) is a technology company that serves the global retail trading community. We offer collaborative commerce solutions that drive a new standard for global brand execution. At QRS, we manage the flow of critical commerce information and leverage our retail technology expertise to address fundamental industry challenges such as global data synchronization, mandate compliance, transaction outsourcing and global trade management. QRS solutions help over 8,000* customers expand into new markets and channels, improve operational efficiency and differentiate their brand.
*Based on total, unique QRS corporate customers that purchased or licensed QRS products and services between January and December 2002.
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.
©2004 QRS Corporation. All Rights Reserved. QRS and the QRS logo are registered trademarks and QRS Catalogue and QRS IMPACT are trademarks of QRS Corporation in the United States and other countries. Trademarks of third parties are owned by their respective owners.
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