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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,