GlobeNewswire
2010-02-17
Vendor Payment Automation Simplifies Vendor Payment
Procedures, Replacing Manual Systems With a Fast, Efficient
and Easy to Use Solution
MIAMI, Feb. 17, 2010 (GLOBE NEWSWIRE) -- NGC(R) (New Generation
Computing(R)) 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(R) and e-SPS(R) 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:
-- Provides a central repository of all documents that are needed to
support vendor payments
-- Supports multiple documents from multiple sources
-- Allows rule-based comparison of documents
-- Automatically validates and matches all required documents
-- Alerts users of any discrepancies, enabling issues to be quickly
resolved
-- 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(R) (New Generation Computing(R)) 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(R), A|X
Armani Exchange(R), Carter's(R), Casual Male Retail Group(R), Maggy
London, R.G. Barry, Hugo Boss(R), Dick's Sporting Goods, Isda & Co.,
Tristan & America(R), 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.
The NGC logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6111
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.
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.
CONTACT: NGC
Media Contacts:
Nancy Brooks, Vice President, Marketing
(305) 556-9122
sales@ngcsoftware.com
Ketner Group, Inc.
for NGC
Jeff Ketner
(512) 794-8876
jeff@ketnergroup.com