CCH Invests in Geac MPC for Improved Efficiency

Share Name	Share Symbol	Market	Type
Geac Computer Ltd - Common Shares (MM)	NASDAQ:GEAC	NASDAQ	Common Stock

Geac Computer (NASDAQ:GEAC)
Historical Stock Chart

From May 2019 to May 2024

Click Here for more Geac Computer Charts.

Leading provider of tax and business law information and software will leverage budgeting and planning capabilities WALTHAM, MA, Jan. 26 /PRNewswire-FirstCall/ -- Geac(R) (TSX: GAC, NASDAQ: GEAC), a global enterprise software company that addresses the needs of the Chief Financial Officer, has signed a contract with CCH Incorporated for Geac MPC performance management software. CCH will implement Geac's planning and budgeting capabilities on the Microsoft SQL Server platform. CCH selected Geac MPC to replace a spreadsheet-based budgeting system with a unified business performance application. Doug Winterrose, chief financial officer at CCH, said: "We saw an opportunity to move away from Excel to improve internal efficiencies, decrease budget cycle times, improve budgeting controls, and increase accountability. Geac MPC was chosen to help us achieve those goals as well as to address certain business-specific requirements, such as commission management, rolling forecasts, 'on the fly' budgeting, and improved transparency, that weren't feasible with a spreadsheet system." Geac's planning and budgeting capabilities will allow CCH to reduce the time involved in collecting data and preparing the budget by automating roll- ups and calculations; eliminating version control issues; and planning salaries and assets at the detail level. "We like MPC's architecture, which centralizes information and makes the most up-to-date data instantly available to all users," said Winterrose. "We feel MPC is the kind of intelligent and flexible performance management application that will allow us to make the best use of our resources." About CCH, a Wolters Kluwer business CCH, a Wolters Kluwer business (tax.cchgroup.com ) is a leading provider of tax, audit and accounting information, software and services. It has served tax, accounting and business professionals and their clients since 1913. Among its market-leading products are The ProSystem fx(R) Office, CCH(R) Tax Research NetWork(TM), Accounting Research Manager(TM)and the U.S. Master Tax Guide(R). CCH is based in Riverwoods, Ill. Wolters Kluwer is a leading multinational publisher and information services company. Wolters Kluwer has annual revenues (2004) of (euro) 3.3 billion, employs approximately 18,400 people worldwide and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands (http://www.wolterskluwer.com/). Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. 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 email 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 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: Greg Wind, FitzGerald Communications, (617) 585-2240, ; Analyst Contact: Alys Scott, Geac, (781) 672-5980,

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

GEAC Geac Computer Ltd - Common Shares (MM)