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.
Geac is creating a software company uniquely geared to optimizing an organization’s financial value chain (see graphic below). The CFO is responsible for the financial value chain of an organization in its entirety, but virtually every employee of an organization touches at least one link in that chain. That means the information systems designed to optimize an organization’s financial value chain must, by definition, be pervasive. And so it is with Geac systems: They are used continuously and widely throughout the organizations in which they are deployed—approximately 18,500 worldwide, including about half of the Fortune 100.
The financial value chain enables financial management over end-to-end business processes. So Geac offers software and services that address fundamental transactional activities, such as accounting, procurement and inventory. Geac also offers solutions that optimize processes embedded within the financial value chain, such as expense management and compliance. And Geac offers solutions that enable the precise measurement and insightful analysis so crucial to successfully managing any business – including strategic planning, budgeting, forecasting, and more.
Organizationally, Geac segments its business into Enterprise Applications Systems (EAS), which represent about 80 percent of Geac’s global revenue, and Industry Specific Applications (ISA). Geac’s EAS offerings include various ERP systems and the Geac Performance Management product family, the newest line of Geac solutions and a growth engine for Geac’s software license revenue. Geac’s ISA business units develop and sell specialized software and systems for libraries, local government administration, public safety agencies and the real estate, restaurant, property management and construction marketplaces.
Geac collaborates with existing and prospective customers through a network of approximately 2,200 professionals in 52 locations worldwide.