Geac Announces SmartStream Reconciliations Wins
MARKHAM, ONTARIO--Geac today announced that it has recently signed
contracts with the Deutsche Bank, Lombard Odier & Cie and Credit
Agricole to purchase Geac's SWIFTReady Gold Label SmartStream
Reconcilications product.
Deutsche Bank, through its securities arm Deutsche Morgan
Grenfell, will be implementing SmartStream Reconcilications's cash
and securities reconciliation and investigation product for its
global securities operations worldwide. SmartStream
Reconcilications is the only product that met its need for a high
volume, end to end back office automation product.
SmartStream Reconciliation is also gaining ground in Switzerland,
where Lombard Odier & Cie, one of the country's most prestigious
private banks purchased SmartStream Reconciliations to replace an
aging proprietary reconciliations product. The initial
installation is underway in Geneva with global implementation
planned for later this year.
In France, Geac made its first major strategic sale to Indosuez
Asset Management, the investment management subsidiary of Credit
Agricole. With recently enhanced sales capabilities, Credit
Agricole will be a leverage point for future Reconciliations sale
in France.
SmartStream Reconciliations has also secured significant
additional software licenses from existing customers including
Lloyds Bank, Nomura Securities, Credit Suisse, Lehman Brothers, in
London and New York, and Barclays Global Investors.
SmartStream Reconcilications is the only commercially available
product to receive the SWIFT Ready Gold Label endorsement for its
compliance to S.W.I.F.T. standards for services and
straight-through-processing. Its many features include generic
investigations and matching capabilities, Euro compliance,
extensive cash management, securities balance analysis, position
keeping and holdings reconciliations.
Founded in 1971, Geac is a provider of mission critical enterprise
applications, supplying industry specific software to nine
vertical markets as well as cross industry administrative
applications comprised of financial, human resources and materials
management software. Headquartered in Markham, Canada, Geac has
more than 70 offices in 16 countries and serves customers in more
than 40 countries worldwide. Geac product and service information
is available on the World Wide Web at geac.com, or
through email at info@geac.com. Geac is a publicly traded company
with its common shares listed on the Toronto Stock Exchange
(Symbol - GAC).
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FOR FURTHER INFORMATION PLEASE CONTACT:
Geac Computer Corporation Ltd.
Press Contact: Faye Hou
(905) 475-0525 |
