Financial Compliance Issues and Solutions Take Center Stage at Geac's ALLIANCE2005 Conference

CFO Research survey results, panel discussions and product presentations address various aspects of financial compliance relevant to finance, technology executives

MARKHAM, ON and SOUTHBOROUGH, MA, May 3 /CNW/ - Pressing financial compliance obligations confronting business leaders, and various technology solutions for addressing them, will be among the topics addressed at Geac's(R) (TSX:GAC, NASDAQ:GEAC) ALLIANCE2005 conference in Orlando, Florida next week. Registration for the conference, which also features a Q&A session with former General Electric Company CEO Jack Welch moderated by Geac President and CEO Charles S. Jones, is still available online at http://alliance.geac.com/.

According to AMR Research, companies will spend approximately $5.8 billion on Sarbanes-Oxley compliance in 2005 alone. "Financial compliance is one of the most vexing issues for public companies today, and one that consumes a great deal of time and energy of senior finance and technology professionals," Mr. Jones said. "To the extent we can help our customers understand compliance more completely, and address their compliance-related challenges more effectively, we are performing a valuable service and contributing to our customers' success in ways that transcend the software products we sell."

Findings of a Geac-sponsored study by CFO Research, entitled "Emerging Effects of Sarbanes-Oxley on the CFO/Board Relationship," will be presented at ALLIANCE2005 by CFO Research director Sam Knox. 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; more than 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 implications of these and other survey findings will be discussed at the presentation.

In addition, a panel discussion about compliance and regulatory issues will anchor the Business and Technology Trends Session on the first day of ALLIANCE2005. Moderated by Isobel Harris of Geac, the panel will feature Geac's CFO, Donna de Winter, along with representatives from CFO Research and global professional services firm Ernst & Young.

Later in the conference, Ms. de Winter will present two sessions about the value Geac has derived from using its Geac Compliance Management software. In addition, representatives from A. Schulman and The Gerstenslager Company will lead a discussion with Geac System21 customers focused on meeting the requirements of security, auditing and financial reporting to ensure the accuracy and predictability of business processes. Also, two Geac SmartStream customers will share their security-oriented perspectives of Sarbanes-Oxley compliance.

On the product front, Geac will launch a new version of its Geac Compliance Management software at ALLIANCE2005. Developed from the premise that technology can help turn costly obligation (to comply with regulatory and legislative imperatives) into opportunity (to improve key business processes), 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.

ALLIANCE2005 is being held at the Walt Disney World Swan and Dolphin Hotels in Orlando, Florida, May 8-11. Gold-level sponsors include Microsoft and American Express Business Consulting; silver-level sponsors include Acclaris, Inc., Berkheimer Outsourcing, Inc., Brooks-Allan, FRx, Geac Forms Division, ImageTag, Inc., Inovis, Nelco, Nutech Systems, Trak-1 and Varsity Logistics, Inc. Registration for ALLIANCE2005 is available online at http://alliance.geac.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 info(at)geac.com.

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.

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

For further information

Media Contacts: David Domeshek, Geac, (508) 871-5064, david.domeshek@geac.com
Laura Hindermann, Geac, (508) 871-5045, laura.hindermann@geac.com

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Source: Geac Computer Corporation Limited

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