CGI Successfully Completes Implementation of Industry-Leading Collections Solution for DIRECTV
April 09 2008 - 8:30AM
PR Newswire (US)
Stock Market Symbols GIB.A (TSX) GIB (NYSE) CARLSBAD, CA, April 9
/PRNewswire-FirstCall/ -- CGI Group Inc. (CGI) (TSX: GIB.A; NYSE:
GIB) announces the successful implementation of CGI's CACS(R)
Enterprise collections solution and Strata(R) Enterprise decision
engine at DIRECTV, Inc. DIRECTV, an industry leader in
satellite-based television services, chose to have CGI host and
maintain CACS, the market-leading automated collections solution,
and to implement CGI's decision management solution, Strata
Enterprise. CGI will host CACS at a CGI data center and will
maintain the day-to-day operations associated with the solution,
enabling DIRECTV to focus on market innovation and strategic
initiatives. "Through our relationship with CGI, we expect to
significantly enhance our collections capabilities," said Larry
Caddle, Senior Director of Risk Management, DIRECTV. "CGI's
expertise in the credit industry combined with their technology
solutions gives us the tools we need to deliver faster, more
targeted services to our customers at less cost and risk." "Many
organizations are looking for ways to reduce operating costs,
control bad debt, increase recoveries and build profitable customer
relationships, while keeping the up-front investment in technology
to a minimum," said Mike Keating, Senior Vice-President, CGI.
"Hosting the CACS solution enables DIRECTV to focus on core
business objectives without being burdened by ongoing technology
investment." For over 30 years, CGI has provided IT and business
process services to financial institutions around the world
including 21 of the top 25 U.S. banks and 45 top 50 banks in the
Americas and Europe. CGI's banking focused solutions include
end-to-end wealth management, trade finance, business
intelligence/data warehousing, customer relationship management,
and credit management. CACS helps organizations maximize the
effectiveness of collections treatments, optimize the deployment of
collectors, and speed the collections of impaired accounts. Seven
of the top 10 U.S. banks and six of the top 10 banks worldwide are
utilizing the CACS solution. Strata, a patented decision management
solution, helps organizations obtain better response and approval
rates, higher utilization and wallet share, lower attrition rates,
and increased cash collection. More than 50 organizations
worldwide, including six of the top 10 U.S. banks, seven of the top
10 U.S. telecommunications carriers, and multiple state agencies
are utilizing the Strata solution. About DIRECTV, Inc. DIRECTV,
Inc. (NASDAQ:DTV), the nation's leading satellite television
service provider, presents the finest television experience
available to more than 16.8 million customers in the United States
and is leading the HD revolution with 92 national HD channels -
more quality HD channels than any other television provider. Each
day, DIRECTV subscribers enjoy access to over 265 channels of 100%
digital picture and sound, exclusive programming, industry-leading
customer satisfaction (which has surpassed cable for seven years
running) and superior technologies that include advanced DVR and
HD-DVR services and the most state-of-the-art interactive sports
packages available anywhere. For the most up-to-date information on
DIRECTV, please visit directv.com. 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 26,500 professionals. CGI
provides end-to-end IT and business process services to clients
worldwide from offices in Canada, the United States, Europe, Asia
Pacific as well as from centers of excellence in North America,
Europe and India. CGI's annual revenue run rate stands at $3.7
billion and at December 31st, 2007, CGI's order backlog was $12.04
billion. CGI shares are listed on the TSX (GIB.A) and the NYSE
(GIB) and are included in the S&P/TSX Composite Index as well
as the S&P/TSX Capped Information Technology and MidCap
Indices. Website: http://www.cgi.com/. DATASOURCE: CGI GROUP INC.
CONTACT: Investors: Lorne Gorber, Vice-President, Global
Communications and Investor Relations, (514) 841-3355, ; Business
Development: Colleen Wood, Business Development Representative,
(636) 527-0420, ; Media: Lee LoPriore, Executive Consultant, (843)
881-2441,
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