Chase Manhattan Selects Geac SmartStream Reconciliations.
Geac Computer Corpor(TSE:GAC.) Geac today announced that following a detailed evaluation The Chase Manhattan Bank, one the largest U.S. financial institutions, has chosen SmartStream Reconciliations from Geac as their global cash reconciliation system. SmartStream Reconciliations will be installed on a single Sun server which will service the needs of the Bank world-wide from their UK operations centre based in Bournemouth, UK. Mark Cappell, Sales Director for SmartStream Reconciliations, was delighted to win another major global deal, "As a result of the long and extensive evaluation at Chase, SmartStream Reconciliations was proven to be the best solution of those evaluated."
Chase commented: "The main reasons in choosing Geac were that it was assessed as being capable of accommodating Chase's large transaction volumes and high number of users. It also provided the functionality expected at Chase in continuing our commitment to quality and it blended into the overall Chase system architecture."
Geac Computer Corporation Ltd. is a leading supplier of integrated computer systems including mission-critical applications to vertical markets. SmartStream Reconciliations is an advanced Back Office cash, securities holdings and transactions reconciliation software solution which includes investigations and serves international banks and investment managers globally. Geac's SmartStream Division develops and supports this product in key financial markets world-wide including UK, Canada, USA, Latin America, France, Germany, Switzerland, the Netherlands, Hong Kong, South Africa, Singapore and Australia.
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|Date:||Jul 5, 1999|
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