Survey Finds Boards of Directors and Corporate Finance Teams Collaborate More Closely and Embrace Technology in Response to SOX CFO Research survey sponsored by Geac identifies multiple effects of compliance mandates on Board-CFO relationship MARKHAM, ON and SOUTHBOROUGH, MA, June 9 /PRNewswire-FirstCall/ -- Boards of Directors that aspire to a closer relationship with the company's finance function and to a higher level of performance are more likely to adopt new technology to support the board, according to a recently published CFO Research Services survey sponsored by Geac(R) (TSX: GAC, NASDAQ: GEAC). This positive correlation between ambitious, collaborative boards and adoption of technology was one of several responses to the Sarbanes-Oxley Act noted in the study, entitled "Sarbanes-Oxley and the Boardroom." The final report of the study is available at http://www.performance.geac.com/boardroom. Among the results, the survey found that about two-thirds of respondents said their companies are looking to boost the financial expertise of their board members; approximately 80 percent said their boards expect tighter financial controls than in years past; and more than 60 percent said their boards have higher expectations of the company's finance function than before. The survey generated nearly 200 responses from senior finance executives at companies spanning a broad cross-section of industry; 45% of respondents work at companies with more than $1 billion in annual revenues. While two-thirds of finance professionals surveyed said they think board members are satisfied with the quality and timeliness of information they receive, that's not deterring a significant minority of companies from taking steps to improve those processes. "The anticipated growth in the use of online reporting tools and dashboards to convey key financial information from the CFO to the Board is noteworthy," Sam Knox, director of research for CFO Research Services, said. "While only about 10% of respondents use such technology today, more than 40% of respondents said they plan to offer Board- level access to these technologies within the next two years. These findings bode well for improved communication between management and Directors, and for better, more confident decision-making by Boards." Technology investments anticipated by the organizations surveyed for this study are consistent with other published market data. For instance, a March 2005 AMR Research Alert by Jacqueline Coolidge reported that 25% of companies are currently evaluating new investments in scorecards and dashboards. In a separate alert by John Hagerty, released in November 2004, AMR Research predicts companies will spend more than $1.6 billion on technology for Sarbanes-Oxley compliance in 2005 alone. "With our Geac Compliance Management and Geac MPC offerings, Geac is well positioned to capitalize on this market opportunity," Tim Wright, Geac's Chief Technology Officer, said. "But Geac delivers value to finance organizations beyond just our software. For instance, Geac's Business Services Group provides customers with best practices expertise, and as a company we actively support educational forums that help CFOs and other finance professionals to broaden their knowledge and understanding." For example, Geac is the platinum sponsor of CFO Enterprises' Corporate Performance Management Conference later this month in San Francisco. 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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