Geac Launches Enhanced Version of Geac Compliance Management Software
11 May 2005 - 7:42AM
PR Newswire (US)
Geac Launches Enhanced Version of Geac Compliance Management
Software New release delivers significant functionality in
reporting and analytics, ease of use and system integration
ORLANDO, FL, May 10 /PRNewswire-FirstCall/ -- At Geac ALLIANCE2005
- Geac(R) (TSX:GAC, NASDAQ:GEAC) today launched a new version of
its Geac Compliance Management software, which builds upon the
product's core strength in business process automation by adding
major new functionality in the areas of reporting and analytics,
ease of use and system integration. Geac Compliance Management 2.1
is a complete, end-to-end compliance solution - encompassing
documentation, testing and sign-off, reporting and executive
dashboards, and process automation for compliance procedures and
remediation - built on a process management platform and
industry-standard technologies. It is easy to configure and
integrate into existing IT infrastructure, since Geac's software
allows users to integrate data from any back-office transaction
system. With its process management foundation, based on the
Lombardi TeamWorks engine, Geac Compliance Management 2.1 is well
suited to the needs and priorities of today's market. In an AMR
Research "Outlook" published last month, entitled, "SOX Compliance
- It's All About the Business Process," analyst John Hagerty wrote:
"Process documentation and management remain a key investment area
for business users in 2005.... Although there is no panacea,
process management - whatever form it may take - is an absolute
essential part of any Year One or Year Two SOX compliance program."
Geac Compliance Management was developed from the premise that the
right technology can help turn a costly obligation - compliance
with regulatory and legislative imperatives such as SOX, IFRS,
Basel II, HIPAA and others - into a significant opportunity to
improve key business processes. "Given the amount of money
companies are projected to spend on technology for Sarbanes-Oxley
compliance alone in 2005 - more than $1.6 billion, according AMR
Research - it behooves every organization to derive as much lasting
business value as possible," said Isobel Harris, Vice President and
General Manager, Geac Enterprise Solutions. "In other words, our
goal with Geac Compliance Management is to help companies transform
their SOX technology spending into a demonstrable investment. We do
that by providing a software solution that gives users the means to
effect lasting, positive changes to their business operations that
drive efficiencies and cost savings, as well as remediate SOX and
other compliance issues." Geac Compliance Management delivers
functionality for documentation, testing and sign-off, and process
automation for compliance procedures and remediation. In addition,
it offers executive dashboard and robust reporting capabilities.
The new release adds several enhanced documentation features --
including search, cascade deletes, batch load of attachments, and
sign-off requirements changes - which provide users with greater
flexibility. In addition, Geac Compliance Management 2.1 offers
integration with ImageTag's paper-to-digital document imaging
system, as well as enhanced security and workflow control testing
and sign-off features. To facilitate implementation, Geac provides
"solution accelerators" for Geac Compliance Management, including
several out-of-the-box business process templates and integrations
with Geac transaction systems. Geac's solution is designed to help
companies save time, reduce effort, and streamline and control
processes to improve an organization's compliance efforts and its
business performance. Over time, Geac Compliance Management could
also help a company negotiate - from a position of strength - more
favorable audit and consulting fees as it demonstrates consistent
control over its financial and other business processes. Geac
Compliance Management 2.1 is available worldwide. Pricing varies
depending upon configuration. Additional product information is
available at http://www.geac.com/object/compliancelink_CORP.html.
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,
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