First Drinks Brands goes live with Geac MPC performance management solution
December 12 2005 - 6:00AM
PR Newswire (US)
Bacardi Martini-backed company to improve planning and forecasting
processes with solution from Geac LONDON, UK, Dec. 12
/PRNewswire-FirstCall/ -- Geac(R) (TSX:GAC and NASDAQ:GEAC), a
global enterprise software company that addresses the needs of the
Chief Financial Officer, has provided its Geac MPC performance
management solution to First Drinks Brands, a major drinks player
in the UK which includes brands like Glenfiddich, Grants Blended
Whisky, Disaronno, Warninks and Mateus. The solution has just gone
live for 70 users across all commercial departments of First Drinks
Brands Limited on a Microsoft SQL Server database, following a 12
month implementation. Geac MPC is expected to enable First Drinks
Brands to achieve significant efficiency gains through improved
reporting, planning and forecasting. The software will also provide
a central repository for all performance information, enabling all
levels of the company's commercial team to have greater visibility
into key business information. Over time, First Drinks Brands plans
to use Geac MPC to enable scenario planning and more detailed
reporting. First Drinks Brands is a long-standing Geac customer, so
making the decision to upgrade to Geac MPC was an easy one.
Consistency was paramount in order to minimise inconvenience and
disruption to end users through having to learn a new system.
Following a review of the market, First Drinks Brands selected the
Geac MPC solution as the functionality met First Drinks Brands'
requirements and the companies' mutual experience of each other
meant the upgrade was the most sensible course of action. Paul
McDonald, business solutions controller at First Drinks Brands,
comments: "Understanding how to develop effective performance
management is a key challenge for organisations in every sector. In
our business, appropriate forecasting has a direct impact on our
profit margins, so ensuring that this is performed properly is key
to us achieving our targets and overall strategy. Budgets have to
be aligned to plans and forecasts used to update stakeholders on
the likely achievement of them, which must be available in
real-time and measurable. Geac MPC enables us to do just that and
it is an integral tool in our future growth plans." 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, ; Greg Wind, FitzGerald
Communications, (617) 585-2240,
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