ETQ Expands Real-Time Document Collaboration, Adds Broader Data Collection Features to ETQ Reliance NXG Cloud-Native Quality Management System
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Insights
The recent update to ETQ Reliance NXG represents a strategic move to enhance user experience and operational efficiency for clients in the manufacturing sector. By integrating real-time document collaboration with Microsoft 365, ETQ is addressing a growing demand for cloud-based, collaborative tools that streamline quality management processes. This feature not only improves the agility of quality teams but also aligns with the trend of digital transformation within the industry.
From a market perspective, the expansion of data collection capabilities through Depositor User Access is significant. It simplifies the inclusion of external stakeholder input, which can provide companies with more comprehensive data for quality and safety reporting. This could lead to a competitive advantage by enabling faster response times to quality events and potentially reducing costs associated with quality issues.
The addition of new language support and localization for the ETQ Mobile app illustrates the company's commitment to expanding its global footprint. By catering to a more diverse user base, ETQ is likely to increase its market share and strengthen its position within the international market. The ability to support multiple languages is a critical factor in software adoption for multinational corporations and can be a key differentiator in the QMS space.
The announcement of ETQ Reliance NXG's latest features could have a positive impact on the financial performance of Hexagon, ETQ's parent company. By enhancing the flexibility and efficiency of its QMS, ETQ may see increased adoption rates and customer retention. The focus on configurability and scalability is likely to appeal to a broad range of manufacturing companies looking for customizable solutions that can grow with their business.
Investors should note the potential for increased revenue streams from both new and existing customers as the expanded feature set can drive upselling opportunities. Moreover, the emphasis on continuous improvement and reducing the cost of quality resonates with the cost-saving initiatives that are critical to many businesses in the current economic climate. These improvements in ETQ's offering could lead to a more favorable market position and potentially impact Hexagon's stock positively in the long term.
The integration of Microsoft 365 for real-time document collaboration within ETQ Reliance NXG is a testament to the importance of interoperability in today's software solutions. Companies are looking for QMS platforms that can seamlessly integrate with their existing productivity tools. This approach reduces the learning curve for users and enhances collaboration across different functions, which is essential for maintaining quality standards.
The move towards a more user-friendly interface and the adoption of mobile capabilities are also indicative of the shift towards mobile-first strategies in enterprise software. By making the platform more accessible on various devices, ETQ is likely to see increased user engagement and data accuracy, as stakeholders can input data directly from the shop floor or remotely, enhancing real-time decision-making capabilities.
New Features, Functionality Advance the Flexibility, Efficiency of ETQ Reliance For Customers Across Key Manufacturing Sectors
"Our customers are our greatest resource for continuous innovation and product inspiration, and this latest version of ETQ Reliance NXG is no exception," said Jamie Fernandes, Chief Product Officer, ETQ. "Listening closely to them, we've expanded the capabilities of our award-winning cloud-native QMS to make it more configurable, scalable and collaborative. This new release further demonstrates why so many companies choose ETQ to reduce their cost of quality and drive continuous improvement across their manufacturing ecosystem."
Expanded Document Collaboration with Microsoft 365
The most recent version of ETQ Reliance NXG allows users to create, edit and collaborate in real-time on Microsoft 365 Word documents through the ETQ Reliance interface. This capability is ideal for quality teams that require multiple co-editors during any phase of a document's lifecycle. The collaboration interface, secured by ETQ Reliance user access rules and workflow approval cycles, provides all the familiar Microsoft 365 Word document editing tools for an intuitive user experience. ETQ Reliance also offers similar Google Doc collaboration capabilities.
Robust Data Collection via Depositor User Access
A new feature available for ETQ Reliance NXG, Depositor User Access, makes capturing data for complaints handling, quality events, safety reporting and other use cases easy and accessible. It offers a secure way to collect form submissions from external "depositors" such as suppliers, customers, shop floor workers and other stakeholders without needing authentication or access to the ETQ Reliance platform. Depositor User Access enables customers to configure how they want submission documents routed into their workflow.
Expanded Support for Global Users
In the latest software release, ETQ extends localization and non-English language support capability to its ETQ Mobile app, which is available on iOS and Android. Customers can configure the ETQ Reliance web application and now the mobile app to support English, French, German, Spanish, and Simplified Chinese, as well as two new languages, Japanese and Korean. These continued language and localization enhancements help companies scale their global QMS deployment more effectively.
About ETQ
ETQ, part of Hexagon, is a leading provider of integrated quality management, health, safety, and environmental solutions for manufacturers. Firms around the world rely on ETQ to ensure optimal quality at scale, reduce costs and improve the velocity of data-driven decisions. Learn more at etq.com.
Hexagon is a global leader in digital reality solutions, combining sensor, software and autonomous technologies. Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,000 employees in 50 countries and net sales of approximately
Microsoft, MS Word and Microsoft 365 are trademarks of the Microsoft group of companies.
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