Government of Barbados Successfully Implements Geac's SmartStream Financials Applications.ATLANTA, Ga.--(BUSINESS WIRE)--Jan. 11, 1999-- -- Geac's Software Maximizes Government's Control Of Administrative Processes and Increases Operational Efficiency -- Building on its strong presence in the public sector market, Geac SmartEnterprise Solutions today announced that the government of Barbados has successfully implemented its SmartStream Financials applications. As part of a complete systems overhaul, the government selected Geac's SmartStream client/server solutions to effectively manage its high-volume financial activity. A government that traditionally managed administrative processes using a virtually manual system, Barbados' use of Geac's SmartStream has enabled it to more tightly manage and expedite ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. its financial processes. In addition, based on its success using Geac's financial applications, the government will be implementing Geac's SmartStream Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. suite early this year. "In order to operate more efficiently and gain greater control over our processes, it was essential that we migrate to a client/server environment A networking environment that is made up of clients and servers running applications designed for client/server architecture. See client/server. and implement software that could support our financial activity," said Margaret Sivers, project manager, Public Expenditure Management Project, Government of Barbados. "After an evaluation of the software offered by several vendors, we selected Geac's SmartStream. Based on the company's proven track record of success in the public sector, including many of the Caribbean islands, SmartStream's flexibility, and advanced workflow capabilities, it was clear that Geac was most qualified to meet our needs. In addition, we felt that Geac's Funds Control module would play an important role as part of our financial management system, by effectively keeping our availability of funds in check." "We have already realized significant benefits using SmartStream Financials, and are confident that among other things, SmartStream's HR applications will offer us the advanced functionality we need to manage payroll for over 30,000 employees," added Sivers. Prior to implementing SmartStream, the government's virtually manual system offered minimal control over financial information, as it was difficult to identify what the government's liabilities were at any given time. For example, without an automated centralized system In telecommunications, a centralized system is one in which most communications are routed through one or more major central hubs. Such a system allows certain functions to be concentrated in the system's hubs, freeing up resources in the peripheral units. , the government struggled to track each ministries expenses and purchase orders were often going unrecorded. Using SmartStream's Funds Control application, the government now efficiently records commitments and allocations electronically, automatically restricting expenditures, and safeguarding against overspenditures. "Geac's success in the Caribbean provides further evidence of our strength in the public sector market," said Colleen col·leen n. An Irish girl. [Irish Gaelic cailín, diminutive of caile, girl, from Old Irish. Niven, vice president of worldwide marketing for Geac SmartEnterprise Solutions. "We are committed to delivering flexible and scalable technology that enables public organizations to more effectively manage their administrative processes. Using SmartStream, organizations can significantly cut operating costs operating costs npl → gastos mpl operacionales and gain greater control over their financial, procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , and human resources activities, while realizing a significant return on their investment. With 30 years of experience developing solutions specifically designed to meet the needs of service-oriented industries, Geac is uniquely qualified to provide superior enterprise solutions for the public sector market." About Geac Geac SmartEnterprise Solutions, a division of Geac Computer Corporation Ltd., provides advanced financial, procurement, human resources, reconciliations and reporting analysis systems to mid to large size enterprises looking to streamline business processes and enhance information access within their enterprise. The division was recently formed as a result of Geac bringing the SmartStream client/server division and the EnterpriseServer mainframe division together to offer customers a cohesive cohesive, n the capability to cohere or stick together to form a mass. enterprise-wide solution. Founded in 1971, Geac is a provider of mission critical enterprise applications, supplying industry specific software to ten vertical markets as well as cross industry administrative applications comprised of financial, human resources and materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, software. Headquartered in Markham, Canada, Geac has more than 90 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 http://www.geac.com, or through email at info@geac.com. Geac is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. with its common shares listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (Symbol:GAC GAC Great American Country GAC Global Assembly Cache (Microsoft .NET) GAC Global Assembly Cache GAC Granular Activated Carbon GAC Gustavus Adolphus College (St. ). |
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