We were seeing a large demand from our corporate customers for accounts receivable and cash management solutions as part of trade finance
Fairfax, Virginia (Vocus) September 15, 2009
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™.
"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.
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 .
For more information:
Vice-President, Banking and Investments
Executive Consultant, Global Banking and Financial Markets