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RETAILERS & CONSUMER PRODUCTS SOLUTIONS |
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Press Release
NGC® Streamlines Global Trade
Logistics with New Vendor Payment Automation
Solution
Vendor Payment Automation
simplifies vendor payment procedures, replacing
manual systems with a fast, efficient and easy to
use solution
MIAMI, FL – Feb. 17, 2010 – NGC®
(New Generation Computing®)
today announced the introduction of its new Vendor
Payment Automation software, designed to streamline
and automate the process of matching documents and
approving vendor invoices in global trade logistics.
Available as a module for NGC’s e-PLM®
and e-SPS® software,
Vendor Payment Automation (VPA) enhances the
capabilities of NGC’s best-in-class solutions for
PLM and Global Sourcing/Visibility. VPA leverages
the supply chain data that is already contained in
e-PLM and e-SPS, including purchase orders, packing,
shipments, quality, compliance and testing, and
warehouse receipts. It eliminates manual
processes with a low-cost, easy to use
solution and centralizes all
documentation required for vendor
payments.
Upon receipt of vendor invoices,
VPA automatically validates the information and
communicates payment status to the supplier,
alerting them when to expect payment and eliminating
unnecessary phone calls, faxes and emails. Key
features of Vendor Payment Automation include:
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Provides a
central repository of all documents that are
needed to support vendor payments |
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Supports
multiple documents from multiple sources |
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Allows
rule-based comparison of documents |
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Automatically
validates and matches all required documents |
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Alerts users
of any discrepancies, enabling issues to be
quickly resolved |
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Imports and
exports data to third-party ERP and Accounts
Payable systems |
“Vendor Payment Automation is a natural extension of
NGC’s PLM and Global Sourcing software,” said Alan
Brooks, president, NGC. “With the introduction of
VPA, NGC brings another level of efficiency and
speed to trade logistics. We look forward to helping
our customers around the world streamline their
payment processes with our Vendor Payment Automation
software.”
About NGC
NGC®
(New Generation Computing®)
is a leading provider of PLM and Global Sourcing
solutions for brands, retailers and consumer
products companies. NGC helps our customers increase
profitability of private-label merchandise, reduce
cost of goods sold, improve speed to market and
product quality, and manage CPSIA compliance.
NGC received the highest possible ranking in a
leading analyst firm’s 2009 and 2008 reports on PLM
for apparel and footwear and has been recognized as
a top 100 supply chain and logistics company by
Inbound Logistics, Global Logistics & Supply Chain
Strategies and Supply & Demand Chain Executive. It’s
no wonder that VF Corporation®,
A|X Armani Exchange®,
Carter’s®, Casual Male
Retail Group®, Maggy
London, R.G. Barry, Hugo Boss®,
Dick’s Sporting Goods, Isda & Co., Tristan & America®,
Parigi Group and many other leading companies rely
on NGC.
NGC has offices in Miami, New York,
Los Angeles, China, India, Mexico, and El Salvador
and is a wholly owned subsidiary of American
Software Inc. (NASDAQ: AMSWA). For more information,
visit
www.ngcsoftware.com.
Forward-Looking Statements
This press
release contains forward-looking statements that are
subject to substantial risks and uncertainties.
There are a number of factors that could cause
actual results to differ materially from those
anticipated by statements made herein. These factors
include, but are not limited to, changes in general
economic conditions, technology and the market for
the Company's products and services, including
economic conditions within the e-commerce markets;
the timely availability and market acceptance of
these products and services; the Company’s ability
to satisfy in a timely manner all SEC required
filings and the requirements of Section 404 of the
Sarbanes-Oxley Act of 2002 and the rules and
regulations adopted under that Section; the
challenges and risks associated with integration of
acquired product lines and companies; the effect of
competitive products and pricing; the uncertainty of
the viability and effectiveness of strategic
alliances; and the irregular pattern of the
Company's revenues. For further information about
risks the Company could experience as well as other
information, please refer to the Company's Form 10-K
for the year ended April 30, 2009 and other reports
and documents subsequently filed with the Securities
and Exchange Commission. For more information,
contact: Vincent C. Klinges, Chief Financial
Officer, American Software, Inc., (404) 264-5477 or
fax: (404) 237-8868.
Media Contacts:
TRADEMARKS: NGC, New Generation Computing, e-SPS,
e-PLM and RedHorse are registered trademarks of New
Generation Computing.
All others are held by
their respective owners.
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