PRWeb The Leader Press Release Distribution
See How PRWeb Works

We're here to help 1-866-640-6397

Login Create Free Account


All Press Releases for January 31, 2002 Subscribe to this News Feed    
 

GEAC® AND FRx® EXTEND STRATEGIC ALLIANCE WITH FINANCIAL REPORTING SOLUTION

Geac Enterprise Solutions (TM) allies with FRx (R) Software to provide financial reporting solution that augments Geac's SmartStream (R) GL application.

GEAC® AND FRx® EXTEND STRATEGIC ALLIANCE
WITH FINANCIAL REPORTING SOLUTION
- Solution Augments Geacs SmartStream® GL Applications, Creates
Comprehensive Knowledge Management Solution -

Atlanta, GA -- January 28, 2002 -- Geac Enterprise Solutions Americas, a leading provider of Web-enabled enterprise resource planning (ERP) software applications, announced today that, through its strategic alliance with FRx® Software, two customers recently licensed the FRx Financial Reporting solution to augment their Geac® SmartStream® General Ledger (GL) applications. El Nuevo Dia and LTV Copperweld selected the full-featured reporting solution for its usability and customization features and will, as a result, recognize significant improvements in their knowledge management and financial statement reporting capabilities. With this financial reporting solution, Geac is demonstrating its commitment to providing increased service, support and technology enhancements to customers worldwide through internal development as well as its proven partnership strategy.

After viewing a demonstration at Geacs ALLIANCE2001 User Conference and attending subsequent Web seminars, we were impressed with FRx Financial Reportings ability to provide quick access to reports on demand. It also provides access from a central point and improves our communications by pushing information across the Web," said Maria Matias, technical supervisor for overall SmartStream operations at El Nuevo Dia. More importantly, we now have the ability to drill down into our processes or merge reports from our five companies to get a consolidated look at our entire operations. This true knowledge management capability will make a huge difference in how we do business."

El Nuevo Dia (The New Day) owns Puerto Ricos largest daily newspaper as well as four other newspaper-related, telemarketing and general administration businesses. SmartStream, a comprehensive suite of client/server-based ERP applications, has been the financial and technology solution for all of these companies since 1996, with an average of 5,500 GL transactions per year just for El Nuevo Dia.

FRx Financial Reporting solution (Version 6.0) enables organizations to view SmartStream financial reports using any standard Web browser, and offers a number of tools to design, publish, view and store essential financial information across the Internet or a corporate Intranet. It also provides data exchange with other business applications that are either XML- or HTML-aware. FRx Financial Reporting has full Web administration and security features, including the ability to create workgroups, modify permissions or define security features.

LTV Copperweld, with annual revenues of more than US$1 billion, is the largest and most diverse manufacturer of steel tubing in North America, and the leading global supplier of bimetallic wire products. The company employs 3,600 people and manufactures products at 22 plants worldwide.

According to Eric Schorr, financial systems coordinator at LTV Copperweld, the company anticipates staff in nearly half of its locations across Canada and the United States will begin using the application within the next few months. The FRx Financial Reporting solution will replace LTV Copperwelds current static reports and two-dimensional balance sheets with flexible, customizable reporting capabilities.

We selected the SmartStream/FRx Financial Reporting solution because it is less cumbersome, more intuitive and easier to learn than any others we evaluated," said Schorr. We expect the solution will enable our users to become more productive, allowing them to run more reports, customize the reports for better business analysis, and easily distribute them over the Internet."

In addition to El Nuevo Dia and LTV Copperweld, 27 other current SmartStream General Ledger customers are in the process of implementing the FRx Financial Reporting solution. These include Connecticut Health System, the Government of the Turks & Caicos Islands, the Government of Vanuatu and the Philippine Long Distance Telephone Company.

We are pleased to work with our SmartStream customers such as El Nuevo Dia and LTV Copperweld to deliver solutions that enable them to streamline business and financial reporting operations," said Don Gibson, director of SmartStream marketing and sales at Geac Enterprise Solutions Americas. As part of our organizations growth strategy, we will continue to focus on providing our customers with increased service, support and enhanced technology solutions, through internal product development and alliances with leading vendors that extend the strategic value of their existing infrastructure investments."

About Geac Enterprise Solutions
Geac Enterprise Solutions, a division of Geac Computers, Inc., offers a wide variety of feature-rich, Web-enabled ERP software applications that allow users to not only maximize their existing technologies, but to also take advantage of todays eBusiness opportunities. Our client/server (SmartStream® and TotalHR), eserver® z900 and S/390 (E Series and M Series) and IBM® iSeries (System21 and System21 Style) product suites are quick to implement with a depth of functionality that is unmatched within the industry. With almost 40 years of experience as a software developer, Geac Enterprise Solutions product suites enable organizations within key vertical markets to streamline business processes throughout their enterprises, and across multiple platforms. More importantly, Geac Enterprise Solutions adds value to its core software applications by surrounding them with complementary solutions and people who understand the industry -- both its mission-critical and eCommerce requirements. Additional information about Geac Enterprise Solutions (Americas) is available at www.geac.com/americas.
   
About Geac Computer Corporation Limited
Geac Computer Corporation Limited (TSE:GAC) is a provider of mission-critical software and systems solutions to organizations around the world. Geac® solutions include cross-industry enterprise business applications for financial administration and human resources functions, and enterprise resource planning applications for manufacturing, distribution and supply chain management. Geac also provides industry applications to the real estate, restaurant, property and construction marketplaces, as well as a wide range of applications for libraries, government administration and public safety agencies. Headquartered in Markham, Canada, Geac ranks as one of the worlds largest software companies. Further information is available on the World Wide Web at www.geac.com, or through e-mail at info@geac.com.

This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Risks and uncertainties about the Companys business are more fully discussed in Managements Discussion and Analysis published in the Companys annual report.


OPTIONS
Printer Friendly Version
Email this story to a colleague
CONTACT INFORMATION
Tim Kelley
Geac Enterprise Solutions Americas
404-239-2444
Email us Here
ATTACHED FILES

There are no multimedia files attached to this release. If this is your release, you may add images or other multimedia files through your PRWeb News Management Console.

ABOUT PRESS RELEASES
If you have any questions regarding information in these press releases please contact the company listed in the press release. Please do not contact PRWeb. We will be unable to assist you with your inquiry. PRWeb disclaims any content contained in these release. Our complete disclaimer appears here.