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FAIRFAX, VA, Jan. 7 /CNW Telbec/ - CGI Group Inc. (TSX: GIB.A; NYSE:
GIB), a leading provider of information technology and business process
services, is announcing enhancements to its Proponix360 global trade platform,
enabling banks to provide open account and working capital optimization
solutions to their customers.
Improved account receivable and payable management services will result
in efficiencies savings and reduced expenses for the banks' corporate
customers. New capabilities will significantly improve working capital for
sellers by increasing accounts receivable matching and addressing short term
financing needs. Banks can also customize the solution to include purchase
order and invoice matching and automatic payments to help stabilize their
buyers' supply chains. In addition, Proponix360 technology provides clients
with the ability to in-source other financial institutions, positioning the
bank to turn the wave of trade processing consolidation into a revenue
By combining the full range of supply chain finance and working capital
management functions with traditional trade finance components, CGI has
created an integrated trade solution which supports the full range of global
trade activities. By using a single platform, CGI clients gain technology and
processing efficiencies that are particularly important in the current
"CGI understands the trade industry is going through a fundamental change
that requires banks to think about the business from the customers'
perspective, while providing comprehensive services for buyers and sellers,"
said Steven Starace, Vice-President, Trade & Supply Chain Solutions for CGI.
"Our continued investment in Proponix360 enables banks to adjust to these
market transitions, with one integrated global trade platform for traditional
trade, supply chain solutions and cash management.
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 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 25,500 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 fiscal 2008
revenue was $3.7 billion and at September 30, 2008, CGI's order backlog was
$11.6 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: www.cgi.com.
For further information:
For further information: Business Development: Steven Starace,
Vice-President, Banking and Investments, (212) 612-3640,
firstname.lastname@example.org; Media: Lee LoPriore, Executive Consultant, Global
Banking and Financial Markets, (843) 881-2441, email@example.com