MIAMI, Feb. 17, 2010 (GLOBE NEWSWIRE) -- 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:
- 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® (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 http://www.ngcsoftware.com/">www.ngcsoftware.com.
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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.