New BaanERP Software with A&D Extensions Version 2.2 Supports Industry Standards, Streamlines Business Processes
Baan Company, a global provider of enterprise applications, today announced the release of BaanERP software with A&D Extensions Version 2.2, specially designed for aerospace and defence customers. A&D Version 2.2 delivers a single commercial enterprise resource planning (ERP) software solution that addresses the complexity of the defence industry while ensuring the flexibility and cost-effectiveness needed to compete in the commercial and defence market.
Baan A&D, Baan Company's business unit dedicated to providing enterprise solutions for the aerospace and defence industries, helps its customers to streamline and integrate all the key enterprise-wide processes of aerospace, including sales, engineering, project management, procurement, manufacturing, quality control, contract management, finance, logistics and distribution. A&D Version 2.2 supports critical defence standards, including DFARs, EVMS, CAS and MMAS. Simultaneously, it delivers new comprehensive contract management and invoicing functionality, including:
- Billing cycles, billing thresholds and funding limits definition oSupport of CLIN and ELIN/CDRL
- System-generated SF1443 customer progress billings and SF1034 public vouchers, including time and material invoices
- DD250's
- Year-to-date and year-end overhead allocation, multiple rate table and retroactive rate adjustment
- Revenue recognition and cost of goods sold for cost reimbursable, Time & Material, and Fixed Price Contracts
- Supplier progress payments
The functionality of A&D Version 2.2 is seamlessly integrated with the previously released Baan A&D, which provides unit/serial effectivity, multi-level pegging, group planning, inventory co-mingling, actual costing, moving average unit costing and permanent/temporary material transfer.
The result is end-to-end support of both defence and commercial business processes. Customers can respond more quickly to their changing needs by effectively using real-time information throughout the value chain.
"The availability of Baan A&D 2.2 truly demonstrates Baan Company's commitment to providing best-in-class software components tailored to meet the needs of customers across a broad range of industries," said John Wilkerson, Global Vice President and General Manager, Baan Aerospace & Defence. "Baan A&D 2.2 offers flexibility, speed of implementation and the ability to deliver solutions for the entire A&D supply chain, which is critical to the success of our customers."
Since entering the Aerospace and Defence Industry in June 1996, Baan Company has won leading worldwide customers, including Boeing, British Aerospace Military Division, Dassault Electronique, Fokker, GEC Marconi, Litton Industries, Lockheed Martin Control Systems, SNECMA, Sperry Marine and United Defence L.P. Baan Company offers A&D customers a full portfolio of customized features, including multi-contract planning, contract pegging, and enhanced functionality in Work Breakdown Structures. In addition, Baan Company offers customers a new Enterprise Reference Model for A&D, a core component of BaanDEM, Baan Company`s Dynamic Enterprise Modeling offering, which gives customers a unique capability for mapping the Baan A&D applications to their business model and supporting rapid, low-risk implementations.
Editors Note
About Baan Company
Founded in 1978, Baan Company is a global software product company defining the market for high volume, packaged enterprise applications by delivering the most comprehensive portfolio of integrated, Year 2000 compliant, software components to address the core business processes common to companies of all sizes and industries. Baan Company uniquely supports continuous business improvement with its Dynamic Enterprise Modeling capabilities and with products that are faster to implement and use, and more flexible in adapting to business changes. Its evergreen products help clients respond more quickly to changing customer needs by optimizing the management of real-time information throughout the entire value chain.
Baan Company has dual headquarters in Barneveld, The Netherlands and Reston, Virginia, USA. The Company's Common Stock is registered on the NASDAQ Stock Market under the symbol BAANF and on the Amsterdam Stock Exchange under the symbol BAAN.
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