Geac and Balanced Scorecard Collaborative announce Geac Strategy Management certification
07 May 2005 - 1:39AM
PR Newswire (US)
Geac and Balanced Scorecard Collaborative announce Geac Strategy
Management certification Innovative Geac software recognized for
aligning strategy and execution to improve business performance
LINCOLN, MA and SOUTHBOROUGH, MA, May 6 /PRNewswire-FirstCall/ --
Balanced Scorecard Collaborative, Inc. (BSCol), a Palladium company
(http://www.bscol.com/) and Geac(R) (TSX: GAC, NASDAQ: GEAC) today
announced that Geac Strategy Management software has been
designated as Balanced Scorecard Collaborative Certified(TM). Under
the terms of the certification, Geac Strategy Management - an
innovative solution that aligns strategy with operational execution
for all aspects of the organization - is designated as compliant
with Balanced Scorecard Functional Standards as maintained by
Balanced Scorecard Collaborative. Geac, its partners and customers
will demonstrate how companies can use Strategy Management and the
Balanced Scorecard methodology to improve corporate value at Geac's
ALLIANCE2005 conference (http://alliance.geac.com/) in Orlando, May
8-11. Strategy Management is a module of Geac MPC, which offers
complete Business Performance Management capabilities, including
strategic planning, budgeting, forecasting, financial consolidation
and reporting functionality. It helps identify the precise measures
that need to be taken in order to turn an organization's strategic
goals into reality, as well as determine the key performance
indicators that show if goals are being met. Certification allows
Geac to promote Strategy Management as certified by the creators of
the Balanced Scorecard (BSC) and gives Geac the right to use the
Balanced Scorecard Collaborative certification mark on Strategy
Management and associated material. Further, the Balanced Scorecard
Collaborative web site will identify Geac Strategy Management as
certified software. The certification is designed to eliminate
confusion in the marketplace through educating suppliers and buyers
as to the important elements of a BSC management system. "This
certification represents Geac's commitment to the highest quality
products that benefit our customers' long-term business performance
solutions," said Tim Wright, Geac's Chief Technology Officer.
"Since Balanced Scorecard is one of the most popular management
methodologies in use today, we're pleased that Geac Strategy
Management has attained recognition by the Balanced Scorecard
Collaborative. This should give Geac customers and prospects great
confidence in the integrity of our application, and the ease with
which it can address key management issues, such as organizational
strategic alignment and execution." The BSC is an organizational
framework for implementing and managing strategy at all levels of
an enterprise by linking objectives, initiatives, and measures to
an organization's strategy. The scorecard provides an enterprise
view of an organization's overall performance by integrating
financial measures with other key performance indicators around
customer perspectives, internal business processes, and
organizational growth, learning, and innovation. Since the concept
was introduced in 1992, BSCs have been implemented at corporate,
strategic business units, shared service functions, and even
individual levels at hundreds of organizations - in both the
private and public sectors - worldwide. Dylan N. Miyake, vice
president of Balanced Scorecard Collaborative, said, "Companies who
have implemented BSC have demonstrated successful strategy
execution and improved corporate value. We have developed the
Balanced Scorecard Collaborative Certified Program based on BSC
Functional Standards to ensure that the Balanced Scorecard name
maintains meaning, and that any investment made in associated
software retains its value. Users of certified BSC applications are
assured that those applications are compliant with the Functional
Standards, and can thus be used as the foundation of a strategic
management system based on the BSC framework." The certification
process consists of a demonstration of the product by the
application provider, a documentation review, customer interviews,
and a Balanced Scorecard Collaborative lab test. Application
providers certified as a result of this process have the right to
use the Balanced Scorecard Collaborative Certified mark. Balanced
Scorecard Functional Standards were announced on September 30, 1999
by Balanced Scorecard Collaborative, Inc., the organization that
facilitates the worldwide awareness, use, enhancement, and
integrity of the Balanced Scorecard as a value-added management
process. The standards form the basis for certifying software from
suppliers seeking to comply with the methodology of Dr. Robert S.
Kaplan and Dr. David P. Norton, creators of the Balanced Scorecard
concept. The full set of standards can be viewed at
http://www.bscol.com/ About Balanced Scorecard Collaborative, Inc.
Balanced Scorecard Collaborative, Inc. (BSCol), a Palladium
company, is an education, training, advisory, research, and
development organization that facilitates the worldwide awareness,
use, enhancement, and integrity of the Balanced Scorecard as a
value-added management process. Founded and led by the creators of
the Balanced Scorecard concept, Drs. Robert Kaplan and David
Norton, BSCol provides to organizations and individuals a global
center of Balanced Scorecard excellence and expertise. BSCol's web
site is found at http://www.bscol.com/. 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 Contacts: David
Domeshek, Geac, (508) 871-5064, ; Rod Radojevic, Geac, (734)
769-6180, ; Ted K. Jackson, Balanced Scorecard Collaborative, Inc.,
(781) 402-1104,
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