New reporting solution to go live for by end of April
Dale Coveney, Commercial Finance Manager for G. Costa, said:
"To date I have spent around two days a week merely generating reports for our sales and marketing managers. Once we're live on Performance Analyser they will have ready access to detailed pre-formatted reports themselves. Previously I was spending 40% of my time producing information whereas soon I will be reinvesting that time in analysing critical business information to aid the business."
The contract was awarded to Geac after a thorough review process that included Cognos and Business Objects, as explained by G. Costa's Head of IT, Glen Boyle:
"Instead of doing a simple beauty parade we gave each company a detailed set of our data and said 'show us what you can do with this.' It worked extremely well as we could get a real feel for the products' capabilities within our own environment. It helped us dismiss one vendor straight away and the other showed that it would take an extra three months to create the metadata and the data extracts. This was just too long. The Geac solution was not only the most functional but it could be deployed extremely quickly, as it has a semi-prebuilt universe over the System21 data."
Phase one of the deployment will involve rolling out the solution to sales managers by February 2006. Previously they either went without data, as it was too difficult for them to extract it themselves or they used out-of- date information, once the IT and finance departments had caught up with their back log of data requests. Instead, Performance Analyser will provide them with real time access to centrally held data.
Phase two will involve demonstrations to other areas of the business to identify their precise reporting needs. Finally Performance Analyser will be used to provide advanced analytical capabilities on profitability by product, category, customer, and salesman. In this way G. Costa will have ultimate control over margin performance across the entire business.
About Geac
Geac (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 organisations 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 Email Contact.
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 www.sec.gov and through the website maintained by the Canadian Securities Administrators and the Canadian Depository for Securities Limited at 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.
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