CGI Receives U.S. Patent for its End-to-End Trade & Supply Chain Solution CGI Trade360(R)
December 07 2011 - 8:45AM
Marketwired
CGI Group Inc. (NYSE:GIB)(TSX:GIB.A), a leading provider of
information technology and business process services, today
announced it was issued a patent in the United States for CGI
Trade360. This is the second patent CGI has obtained for its trade
services technology. The first patent was granted in 2004 for
Object Tradeline, now part of CGI Trade360. The patent protects
CGI's exclusive rights to the object-oriented trade finance system
designed to support clients with global, large-scale transactional
workflow.
"CGI has proved itself to be ahead of the curve in trade
finance, delivering Trade360 as a Software as a Service in a
highly-secure, community cloud for over 10 years," said Steven
Starace, Vice-President, CGI. "This patent underscores our
commitment to driving innovation in the trade services market and
delivering solutions that meet our clients' evolving business
needs, so they can stay up-to-date with technological and
functional advances at significantly reduced total cost of
ownership."
For 35 years, CGI has provided IT, business process and managed
services to financial institutions around the world, including 23
of the top 25 banks in the Americas and 16 of the top 25 European
banks. CGI banking-focused solutions include core banking, wealth
management, trade finance, business intelligence/data warehousing
and customer relationship management.
About CGI Trade360®
CGI has been innovating Software as a Service (SaaS) solutions
for more than 10 years with CGI Trade360, the only proven,
end-to-end automated global trade and supply chain finance
solution. Delivered in a secure community cloud, Trade360 processes
over 2 million transactions annually for users in more than 30
countries, spanning, North America, Europe, Asia and Oceania.
Trade360 enables banks to bring all of their branches across the
globe onto a single solution, and to quickly roll out a wide range
of functionality including support for open account payments,
enhanced Purchase Order/Invoice management and matching, and
comprehensive supply chain financing capabilities including,
pre-shipment, receivables, post-shipment, and trade payables
financing.
About CGI
Founded in 1976, CGI Group Inc. is one of the largest
independent information technology and business process services
firms in the world. CGI and its affiliated companies employ
approximately 31,000 professionals. CGI provides end-to-end IT and
business process services to clients worldwide from offices and
centers of excellence in Canada, the United States, Europe and Asia
Pacific. As at September 30, 2011, CGI's revenue was $4.3 billion
and its order backlog was $13.5 billion. CGI shares are listed on
the TSX (GIB.A) and the NYSE (GIB) and are included in both the Dow
Jones Sustainability Index and the FTSEXGood Index. Website:
www.cgi.com.
www.cgi.com/banking
Contacts: Investors Lorne Gorber Senior Vice-President Global
Communications and Investor Relationslorne.gorber@cgi.com
514-841-3355 Media Linda Odorisio Vice-President, US
Communicationslinda.odorisio@cgi.com 703-267-8118
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