CGI provides banks with improved working capital capabilities through new trade finance offering
September 14 2009 - 8:30AM
PR Newswire (US)
Stock Market Symbols GIB.A (TSX) GIB (NYSE) FAIRFAX, VA, Sept. 14
/PRNewswire-FirstCall/ -- CGI Group Inc. (TSX: GIB.A; NYSE: GIB), a
leading provider of information technology and business process
services, today announced the addition of accounts receivable and
cash management capabilities within its global trade and supply
chain platform, Proponix360(TM). "We were seeing a large demand
from our corporate customers for accounts receivable and cash
management solutions as part of trade finance" said Lee Ross,
Project Director Cash Management at Australia New Zealand Bank.
"CGI quickly delivered an integrated solution that met our
customers' demands, resulting in new business and revenue for us
almost immediately." "We are delivering on our promise to
continuously transform Proponix360 into a comprehensive end-to-end
global trade and supply chain platform to meet our clients'
evolving business needs." said Steven Starace, Vice-President, US
Banking and Investments. "With the release of accounts receivable
management and cash management capabilities, we have created
solutions that can immediately help our clients drive revenue
globally by enabling them to offer valuable working capital
solutions to their corporate customers." CGI's Proponix360 is the
only trade and supply chain platform with fully integrated
traditional trade, open account and cash management capabilities
and is offered via software as a service (SaaS), ensuring quick
time-to-market. Banks can utilize Proponix360's accounts receivable
management (ARM) functionality to provide customers with highly
efficient accounts receivable payment-to-invoice matching and
working capital improvements through financing of open invoices.
For over 30 years, CGI has provided IT and business process
services to financial institutions around the world including 24 of
the top 25 banks in the Americas and 17 of the top 25 banks in
Europe. CGI banking-focused solutions include core banking,
end-to-end wealth management, trade finance, business
intelligence/data warehousing and customer relationship management.
About CGI Founded in 1976, CGI is one of the largest independent
information technology and business process services firms in the
world. CGI and its affiliated companies employ approximately 26,000
professionals in over 100 offices across 16 countries. CGI provides
end-to-end IT and business process services to clients worldwide
from offices in Canada, the United States of America, Europe, Asia
Pacific as well as from centers of excellence in North America,
Europe and India. CGI's annualized revenue run rate is currently
$3.8 billion and as at June 30, 2009, its order backlog was $11.8
billion. CGI's 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:
Business Development: Steven Starace, Vice-President, Banking and
Investments, (212) 612-3640, ; Media: Lee LoPriore, Executive
Consultant, Global Banking and Financial Markets, (843) 881-2441,
Copyright