KFC invests in Geac MPC
October 10 2005 - 11:00AM
PR Newswire (US)
- High Street fast food giant selects Geac's performance management
solution to help plan strategic operations - WALTHAM, MA, and
LONDON, UK, Oct. 10 /PRNewswire-FirstCall/ -- Geac(R) (TSX:GAC and
NASDAQ:GEAC), a global enterprise software company that addresses
the needs of the Chief Financial Officer, has signed a contract
with fast food giant Kentucky Fried Chicken (KFC) (Great Britain)
for Geac MPC performance management software. Specifically, KFC
(Great Britain) will implement Geac's planning solution, which is
expected to go live at KFC in four months, running on Microsoft SQL
Server. The application will integrate with KFC's JD Edwards ERP
system and its Cognos reporting system. Paul Brannan, Planning
Manager for KFC (Great Britain), said: "The new Geac MPC solution
will provide us with a planning tool to create individual financial
store plans with online contributions from our field based
Operations teams. We will be able to quickly update plans as
business needs change and model multiple scenarios to achieve key
strategies." KFC (Great Britain) is set financial growth targets by
its U.S. parent company which are then implemented in stores
individually. Currently a top down company plan is constructed,
followed by a bottom up store plan. This effectively extends the
planning cycle and can result in disconnects. MPC will enable KFC
to merge the two processes, saving time and ensuring alignment.
Geac MPC also offers sophisticated forecasting which will enable
both rapid and accurate collection of plans. This is achieved by
taking historic data and performing time series analysis to project
the most likely trend based on previous trading patterns. Paul
Brannan concluded: "We envisage Geac MPC making considerable
improvements to our current planning process. Given the size of our
business we needed to make a significant investment in technology.
Using Geac MPC, we'll be able to streamline the process and
dynamically change our stores' targets as our business needs
change. MPC allows fast and easy scenario modeling which will save
us considerable amounts of time, enabling us to spend more time
driving insight from analysis." 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 organisations 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 Contacts: Nina
Wainwright, Citigate Dewe Rogerson, +44 (0)1604 232223, ; Richard
Moore, Geac, +44 (0) 1527 496189, ; Investor Contact: Alys Scott,
Geac, (781) 672-5980,
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