Geac Honors Customer Innovation at ALLIANCE2005 Conference
July 18 2005 - 2:00PM
PR Newswire (US)
Geac Honors Customer Innovation at ALLIANCE2005 Conference Awards
Highlight Customer Achievement and Operational Excellence Across
Geac Product Lines SOUTHBOROUGH, MA, July 18 /PRNewswire-FirstCall/
-- Geac(R) (TSX:GAC, NASDAQ:GEAC) today announced the recipients of
its annual Customer Excellence Awards presented recently at
ALLIANCE2005, Geac's customer conference. Geac presented awards to
selected Geac customers - one from each of Geac's enterprise
application systems (EAS) product lines, as well as the Geac
Commercial Systems Division - who have used Geac products in an
innovative way, allowing their organizations to save time and
money, and gain operational efficiencies. This year's award
recipients include Brigham Young University, FKI Security Group,
Harris Teeter, Kinetic Concepts Inc., MetroNational Corporation,
Temple University, and The Woodlands. "The seven customers we've
honored here are representative of the broad range of organizations
deriving demonstrable value from Geac's expanding suite of
applications," said Charles S. Jones, Geac's president and CEO.
"Each has integrated Geac software - in some cases a suite of Geac
products - into its operations to positively impact the
organization's financial value chain. Our success is a direct
result of these and many other customers realizing tangible
business benefits from their Geac systems." Following is the list
of Geac's 2005 Customer Excellence Award recipients by product
line, and the operational improvements achieved as a result of
their implementation of specific Geac products. - Geac Expense
Management - Brigham Young University (BYU) achieved impressive
efficiencies using Geac Expense Management in a hosted environment.
Specifically, BYU successfully automated expense report approval
workflow and interfaced its Geac Expense Management system with
existing HR, AP and GL applications as well as JPMC and Amex
corporate card systems. The university implemented several new and
improved processes, including direct credit card feeds and direct
deposit of all payments and reimbursements. As a result, BYU
realized substantial savings related to reduced expense report
processing time, FTEs needed to manage the control processes, cycle
time improvements, communication to and from end users, improved
reporting and enhanced development of the self-service model. -
Geac System21 - FKI Security Group, which manufactures and
distributes a broad range of Fire King brand and other loss
prevention products, recently completed an executive value analysis
of their business processes, part of an ongoing initiative at FKI
to pursue operational excellence and maximize ROI from the
effective use of business software. The results of that analysis
led to an upgrade to System21 Aurora and deployment of System21's
service management solution. - Geac E Series - Southeast regional
food market chain Harris Teeter used Geac Process Management with
their existing E Series applications to create more efficient human
resources (HR) systems, including new hire and termination
processes. Now new employee information can be entered in store
locations and updated to HR so that information is entered only
once, and paperwork is no longer passed between locations. Harris
Teeter created a similar process for employee terminations,
resulting in cost savings and streamlined operations. - Geac
Performance Management (MPC) - Kinetic Concepts Inc. (KCI), a San
Antonio, Texas-based supplier of specialty hospital beds,
significantly improved its business insight by creating six
applications within Geac MPC, Geac's integrated performance
management software suite. Using MPC, KCI now has real-time
financial reporting; sales forecasting for better utilization of
its rental fleet; and revenue reporting for the home care market
down to the zip code level. In addition, KCI now can deliver
critical financial data to its field staff within two days of
closing, many times faster than previously possible. - Geac AMSI
eSite - Houston-based MetroNational Corp. - a privately-held,
billion dollar real estate investment, development and management
company - saved more than $35,000 per year on third-party service
fees and increased collections by nearly 50% within nine months by
implementing a resident utility billings system for water charges
in eSite, one of seven integrated modules within Geac's AMSI
Web-based property management software suite. Now, instead of
paying a national billing company to process water bills for
several of its older properties, MetroNational generates invoices
for residents showing their next month's billing as well as any
delinquency. - Geac M Series - Temple University, a long-standing
Geac M Series customer, recently integrated M Series report
distribution with their e-mail system, so that reports generated
from M Series applications can be e-mailed to the appropriate
departments. Efficiencies from this project have been impressive:
The investment made in developing the solution was returned within
just three months. The user community has taken very quickly to the
e-mail module, as they have been able to dramatically reduce the
volume of hard copy reports printed and the amount of time required
to distribute reports to the appropriate manager. - Geac
SmartStream - Efficient, accurate and thorough financial tracking
using Geac SmartStream has been integral to the success of The
Woodlands, the No. 1 master planned community in Texas and No. 5 in
the United States overall. The Woodlands is home to more than
75,000 residents on 28,000 acres, comprising 56 distinct legal
entities - an extremely complex operation that benefits from the
performance and flexibility of Geac's SmartStream ERP suite. About
Geac Geac (TSX: GAC, NASDAQ:GEAC) is a global enterprise software
company that addresses the needs of the Chief Financial Officer.
Geac's best-in-class technology products and services help
organizations do more with less in an increasingly competitive
environment, amidst growing regulatory pressure, and in response to
other business issues confronting the CFO. Further information is
available at http://www.geac.com/ or through e-mail at . This press
release may contain forward-looking statements of Geac's
intentions, beliefs, expectations and predictions for the future.
These forward-looking statements often include use of the future
tense with words such as "will," "may," "intends," "anticipates,"
"expects" and similar conditional or forward-looking words and
phrases. These forward-looking statements are neither promises nor
guarantees. They are only predictions that are subject to risks and
uncertainties, and they may differ materially from actual future
events or results. Geac undertakes no obligation to update or
revise the information contained herein. Important factors that
could cause a material difference between these forward-looking
statements and actual events include, among other things: our
ability to increase revenues from new license sales, cross-sell
into our existing customer base and reduce customer attrition;
whether we can identify and acquire synergistic businesses and, if
so, whether we can successfully integrate them into our existing
operations; whether we are able to deliver products and services
within required time frames and budgets to meet increasingly
competitive customer demands and performance guaranties; risks
inherent in fluctuating international currency exchange rates in
light of our global operations and the unpredictable effect of
geopolitical world and local events; whether we are successful in
our continued efforts to manage expenses effectively and maintain
profitability; our ability to achieve revenue from products and
services that are under development; the uncertain effect of the
competitive environment in which we operate and resulting pricing
pressures; and whether the anticipated effects and results of our
new product offerings and successful product implementation will be
realized. These and other potential risks and uncertainties that
relate to Geac's business and operations are summarized in more
detail from time to time in our filings with the United States
Securities and Exchange Commission and with the Canadian Securities
Administrators. Please refer to Geac's most recent quarterly
reports available through the website maintained by the SEC at
http://www.sec.gov/ and through the website maintained by the
Canadian Securities Administrators and the Canadian Depository for
Securities Limited at http://www.sedar.com/ for more information on
risk factors that could cause actual results to differ. Geac is a
registered trademark of Geac Computer Corporation Limited. All
other marks are trademarks of their respective owners. DATASOURCE:
Geac Computer Corporation Limited CONTACT: Media Contact: David
Domeshek, Geac, (508) 871-5064, ; Investor Contact: Laura
Hindermann, Geac, (508) 871-5045,
Copyright