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Date Posted: 9/15/2004

State of Alaska Purchases Geac Automated Travel And Expense Management System to Reduce Costs

 
 
MARKHAM, ON/SOUTHBOROUGH, MA, Sept. 9 /CNW/ - Geac (TSX: GAC, NASDAQ: GEAC) announced today that the State of Alaska has purchased Geac Expense Management in a three-year contract valued at approximately US$ 300,000 including software licenses and support. A new customer to Geac, the State of Alaska is one of the first organizations to purchase Geac Expense Management version 6.5, Geac's newest Web browser-enabled travel and expense reporting system.

The State of Alaska's new travel and expense management system provided by Geac is expected to be deployed to 8,000 users across 15 departments - including the Department of Administration, Department of Transportation and Public Facilities, Department of Revenue and Department of Health and Social Services - to automate the State's previous manual, spreadsheet- and paper- based reporting processes. With broader visibility and more flexible functionality, the State expects to realize savings in costs derived from more efficient administration, more productive use of staff and the ability to negotiate vendor rates and travel discounts. Additionally, the State will be able to better regulate and monitor its travel compliance policies.

"For complex, multidivisional organizations like the State of Alaska, a unified and automated expense reporting system is key to compliant accounting procedures, management control and user flexibility," said Tim Wright, Geac's Chief Technology Officer. "Expense Management 6.5 provides user mobility and real-time access for ease and convenience of reporting. It also provides managers with broader insight to current and historical data for better analysis of expenditures. With our system, we aim to reduce the manual processes with more automation, accuracy and control to provide the most cost- effective and efficient operation."

Geac Expense Management 6.5 is Geac's newest expense management solution that allows users to prepare, submit and approve expense reports without being tethered to the office. Users and managers participating in the expense management process have flexibility to access expense-related applications anytime on any browser-enabled device. The vast data mart provides more open access to data, allowing enterprises to track expenses, detect fraud, identify optimal rates and negotiate vendor pricing. For more information about Geac Expense Management, please visit www.geac.com/object/exp_management_CORP.html

About Geac

Geac (TSX: GAC, NASDAQ:GEAC) is a global enterprise software company for Business Performance Management, providing customers worldwide with the core financial and operational solutions and services to improve their business performance in real time. Further information is available at http://www.geac.com or through e-mail at info(at)geac.com.

This press release may contain forward-looking statements based on current expectations. Important factors that could cause a material difference between these forward-looking statements and actual events include those set forth under the heading "Risk Factors" in Geac's annual report on Form 40-F for the fiscal year ended April 30, 2004, filed on August 19, 2004 with the United States Securities and Exchange Commission available through the website maintained by the SEC at www.sec.gov http://www.sec.gov/, and filed on August 19, 2004 with the Canadian Securities Administrators and available through the website maintained by the Canadian Securities Administrators and the Canadian Depository for Securities Limited at www.sedar.com http://www.sedar.com/. Geac is a registered trademark of Geac Computer Corporation Limited. All other marks are trademarks of their respective owners.




http://www.newswire.ca/en/releases/orgDisplay.cgi?okey=41200

For further information

Investor Contact: Alys Scott, Geac, (905) 940-3751, alys.scott@geac.com
Media Contact: David Domeshek, Geac, (508) 871-5064, david.domeshek@geac.com



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Source: Geac Computer Corporation Limited
 
 


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