Comerica Bank Selects CGI for Global Trade and Supply Chain Services Processing
CGI Group Inc. (NYSE: GIB ; TSX: GIB.A), a leading provider of information technology and business process services, today announced a 5-year partnership with Comerica Bank to implement CGI's Proponix360 global trade platform software which will help the bank reduce costs and enhance customer service.
Comerica was looking for a cost-effective solution to replace its traditional legacy, trade- focused systems, while meeting its ongoing business and technology objectives in a changing market. CGI's Proponix360, a Web-based customizable Software as a Service, delivers a single integrated global platform that provides end-to-end applications addressing traditional trade, open account, supply chain, and cash management functions.
"With a more than 20 year partnership, CGI is uniquely positioned to help Comerica address their global trade services processing needs with Proponix360," said Steven Starace, Vice-President at CGI. "CGI's strong trade and supply chain services and reputation as a global managed services provider help position the bank to gain a competitive advantage in the market."
For more than 30 years, CGI has provided IT, business process and managed services to financial institutions around the world, including 24 of the top 25 banks in the Americas and 17 of the top 25 European banks. CGI's banking-focused solutions include: core banking, 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 26,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in the United States, Canada, Europe and Asia Pacific as well as from centers of excellence in North America, Europe and India. As at December 31, 2009, CGI's order backlog was $11.4 billion. CGI shares are listed on the NYSE (GIB) and the TSX (GIB.A) 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.
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