NGC Software’s Cloud-Based Andromeda Vendor Compliance Solution Enables Retailers and Brands to Better Manage Vendors and Corporate Social Responsibility Initiatives
MIAMI—April 26, 2017—NGC Software, a leading provider of cloud-based PLM, Supply Chain Management and apparel ERP solutions, today announced the release and general availability of its Andromeda® Vendor Compliance cloud solution for fashion retailers and brand owners. With the use of Andromeda Vendor Compliance, retailers and brand owners can ensure Corporate Social Responsibility (CSR) compliance by streamlining vendor management.
In today’s socially-connected world, it’s more important than ever for retailers and brands to protect their reputation by carefully monitoring vendor relationships to ensure CSR compliance. Andromeda Vendor Compliance helps manage important government-mandated compliance regulations through standardized forms and scheduling, including but not limited to Conflict Minerals, REACH, and Restriction of Hazardous Substances (RoHS) for compliance under European Union regulations.
Vendor Compliance enables retailers and brands to establish and maintain four key areas of CSR – transparency, accountability, responsible sourcing and worker non-retaliation – by:
- Establishing and maintaining Standards of Vendor Engagement guidelines
- Onboarding vendors with the proper procedures to provide full transparency
- Communicating with all third-party vendors and suppliers of goods and services
- Storing and managing all signed compliance documents
- Analyzing vendor performance in a myriad of categories
- Generating scorecards based upon performance over time
- Creating and managing Corrective Action Plans
“With today’s highly-engaged consumers, Corporate Social Responsibility is critical to maintaining a company’s reputation,” said Mark Burstein, president of sales and development, NGC Software. “A single incident involving a vendor can cause irreversible damage to brands and retailers. With comprehensive vendor policies and procedures in place, NGC’s Andromeda Vendor Compliance solution can help retailers and brands manage the complexities of CSR.“
NGC Software powers the Connected Enterprise for retailers and brand owners with the Andromeda cloud platform, including solutions for product lifecycle management (PLM), supply chain management (SCM), apparel ERP, shop floor control, global quality control, and vendor on-boarding and compliance.
NGC customers include Billabong, Canada Goose, Carter’s, Destination XL, Foot Locker, Nicole Miller, Rocky Brands, Spanx, Sport Obermeyer, VF Corporation, Williamson-Dickie and many others. NGC has offices in Miami, New York, Los Angeles, Canada, China, India, Mexico, and El Salvador and is a wholly owned subsidiary of American Software Inc. (NASDAQ: AMSWA), named one of the 100 Most Trustworthy Companies in America by Forbes. 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, continuing U.S. and global economic uncertainty, the timing and degree of business recovery, unpredictability and the irregular pattern of future revenues, dependence on particular market segments or customers, competitive pressures, delays, product liability and warranty claims and other risks associated with new product development, undetected software errors, market acceptance of the Company’s products, technological complexity, the challenges and risks associated with integration of acquired product lines, companies and services, as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company and American Software could experience as well as other information, please refer to American Software, Inc.’s current Form 10-K and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information about risks the Company could face as well as other information, contact Vincent C. Klinges, Chief Financial Officer, American Software, Inc., 470 East Paces Ferry Rd., Atlanta, GA 30305, (404) 261-9777. FAX: (404) 264-5206 INTERNET: www.amsoftware.com