AXA AND CGI SIGN CDN$3 MILLION FOR AN ERP OUTSOURCING PACKAGE
AXA Canada, one of the country's leading property and casualty insurers, and CGI today announced the signing of a CDN$3 million five-year outsourcing contract for AXA's PeopleSoft general ledger and accounts payable functions. The contract includes a migration from AS 400 to a Unix Oracle-based environment, hosting, maintenance of the platform as well as evolving the application for AXA Canada's operations.
Enterprise resource planning (ERP) solutions help companies streamline their business processes to deliver optimal efficiency and productivity while reducing information management system costs. All of CGI's ERP projects are based on its Project Management Framework for which CGI was the first IT services company in North America to obtain ISO 9001 certification. This process ensures CGI will effectively manage the scope, time and costs, quality, human and material resources, communications and risks involved in each project. CGI acts as outsourcer for some of the largest PeopleSoft client projects in Canada.
"We chose CGI as they are proven to be PeopleSoft specialists. Their PeopleSoft practice scale, security level and availability of many other IT specialists ensure AXA of the application stability," said Johanne Cassis, senior vice-president, planning - budgets - results (PBR), AXA Canada. "This application is constantly evolving and we need a reliable partner to help us maintain the application, keeping it state-of-the-art."
Michael Roach, executive vice-president and general manager, Canada, CGI added: "We are very pleased to be partnering with AXA for such mission-critical financial functions as their general ledger and accounts payable. The insurance industry is heavily regulated and we were able, at each step of the process, to meet our client's regulatory needs. Being able to deliver within our client's parameters was key for their satisfaction."
With $993.8 million in direct premiums written, assets of $2.0 billion and 2,110 employees at the service of 2,000 brokers, AXA Canada is one of the country's leading Property and Casualty insurers. The company offers a full range of Personal Lines, Commercial Lines, Specialty Lines, Surety and Life Insurance products and financial services exclusively through its Canada-wide broker network.
AXA Canada groups the Canadian insurance activities of AXA, a company present in 60 countries on five continents. With revenues of over $106 billion and $1 trillion in assets under management, AXA is a world leader in insurance and assets management. In carrying out its mission, AXA counts on the support of 140,000 employees, who serve over 40 million insureds.
Founded in 1976, CGI is the largest independent Canadian information technology consulting firm and the fifth largest in North America, based on its revenue run rate of CDN$1.4 billion. CGI's order backlog totals approximately CDN$7.0 billion. CGI has close to 10,000 professionals and provides end-to-end IT services and business solutions to 2,500 clients in Canada, the United States and more than 20 countries around the world. CGI's shares are listed on the New York Stock Exchange (GIB), as well as on the Toronto exchange (GIB.A). They are included in the Toronto Stock Exchange's TSE 300 Composite and TSE 100 indexes. Web site: www.cgi.ca
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