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Geac MPC 7 Eases Broad Adoption of Performance Management in
Large Enterprises
New planning module, consolidation features highlight powerful new release of
Geac's flagship integrated performance management software suite
ORLANDO, FL, May 9 /PRNewswire-FirstCall/ -- At Geac ALLIANCE2005 - May 9,
2005 - Geac(R) (TSX: GAC and NASDAQ: GEAC), a global provider of software
solutions to the CFO, today launched a major new release of Geac MPC, its
flagship integrated performance management software suite. Geac MPC 7 lets
large enterprises easily put powerful performance management capabilities -
including strategy, planning, budgeting, forecasting, consolidation and
reporting - in the hands of finance and business professionals across an
organization, while preserving centralized control of critical information.
As the first fully integrated, "closed loop" performance management system
designed for enterprise-wide adoption, Geac MPC 7 offers Global 2000 companies
multiple benefits, including vastly improved enterprise-wide planning and
alignment, streamlined reporting, and simplified compliance. According to a
recent Aberdeen Group industry benchmark study, best-in-class companies
deploying "closed loop" corporate performance management (CPM) systems realize
on average eight percent higher gross margins than the industry norm, and have
about seven points greater market share in their most profitable segments.
Geac MPC recently received the highest ratings among all competitive offerings
in Ventana Research's 2005 Performance Management Vendor and Product Scorecard.
MPC 7 provides functionality designed to help organizations transform their
strategic and operational planning processes into a collaborative platform that
links strategy to actions and facilitates enterprise-wide communication of that
information.
"New pressures require businesses to adopt holistic approaches to CPM," Lee
Geishecker, vice president at IT research firm Gartner, Inc., said. "Many
executives treat strategy formulation as a one-off exercise by defining a
strategy and then single-mindedly following that strategy regardless of changes
in the business environment. Scenario analysis should encourage - and CPM
systems should enable - strategic planners to create and maintain a portfolio
of alternative strategies. These can be considered when sudden, significant
shifts occur in business circumstances, environmental factors or economic
conditions and when data from the operations feedback loop indicates that the
strategy is not achieving its objectives."
Geac MPC 7 advances how enterprise-wide strategic and operational business
planning is done. Rather than just periodically updating a scorecard with
operational results, Geac MPC 7 helps organizations transform and communicate
their strategic plans into quantifiable objectives, tactics, and supporting
activities with assigned ownership at the correct responsibility level
throughout the enterprise. The result is a collaborative environment for
planning, tracking, and predicting progress toward key management objectives.
"Many companies have tried without success to use standalone scorecards or
dashboards to track corporate performance," Brian Hartlen, Vice President of
Global Marketing at Geac, said. "Geac MPC 7 enables an integrated approach in
which companies can define and monitor progress towards the successful
implementation of strategies, as well as the resource allocations and
activities that support them. This provides a deep level of context in addition
to the measures and financial results, which truly allows management to drive
their business and course correct as necessary."
New Geac Planning module
Geac Planning is a sophisticated planning application that is geared toward
making the planning process easier, from a single planner creating "what if"
operational plans to multiple teams of collaborative planners around the world.
The Geac Planning application is driven through an easy-to-use Excel interface.
A planner may set a high-level target needed to achieve a desired profitability
percentage, for example, and then let the system adjust ("spread") the values
of the chosen plan variables to achieve the goal. Planners may also add,
delete, or change business assumptions and structures at will and in real time,
leveraging Excel's strong and flexible data gathering, reporting, and
formatting capabilities. This creates a much more nimble planning environment
that also drives changes in operational plans and budgets for the enterprise.
As a result, alignment throughout the organization occurs quickly and
efficiently, and communication is dramatically enhanced.
Because the application is built on the Geac MPC financial application
foundation with centralized controls, business users can collaborate on the
same plan without having to keep track of how the changes made through the
planning process will be driven into the "system of record." Geac Planning
organizes and manages the sharing of structures and data across the planning
environment, allowing the information to be used to seed the budget, measure
operational plans, or build long-range strategic planning models.
Easier, more flexible reporting
Meeting the need for sophisticated formalized reporting, Geac MPC 7 offers a
new management reporting capability featuring a creation wizard, which
streamlines initial report design and shortens the time to create and deliver
critical enterprise reporting.
Excel power users often want to do highly personalized analysis and reporting
from their performance management systems. MPC 7 extends the current Excel
Services functionality to deliver Excel cell-based reporting capabilities.
Users can leverage the data in the centralized application without giving up
any of the flexibility they need to create virtually any layout they choose
without the need for pre-built views, templates, or formatting requirements.
In addition, Geac offers a production reporting module that integrates
Microsoft SQL Server 2000 Reporting Services, broadening the range of reporting
options available to Geac MPC customers.
Simplified ERP integration
Geac MPC OpenLink is a Web-based mapping tool that simplifies the process of
accurately moving data from multiple enterprise resource planning (ERP) and
other source systems to the Geac MPC application. OpenLink helps to quickly
define the mapping profile using either a basic or advanced pattern-matching
syntax for one or more data sources; processes the mapping profile, loads the
information into the application, and provides an audit trail of the mapping
process. OpenLink is designed to work with the most popular and widely deployed
ERP and general ledgers on the market.
Geac MPC Fast-Track is a set of packaged application integrations between the
Geac MPC performance management software and several Geac ERP offerings.
Fast-Track integrations available with the Geac MPC 7 release include: Geac E
Series, Geac M Series, Geac SmartStream, and Geac System21.
Geac MPC 7 has been delivered to early adopter customers and will be generally
available worldwide this summer. Pricing varies based on system configuration.
Additional product information is available at
http://www.performance.geac.com/mpc/mpc.cfm.
About Geac
Geac (TSX: GAC and 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,