CGI (NYSE: GIB) (TSX: GIB.A) announced today that it has commenced a contract with the Queensland Government’s State Penalties Enforcement Registry (SPER) to implement and service a debt recovery solution that will enable faster collections while balancing fairness with effectiveness.
CGI’s Collections360® solution will provide SPER with a single integrated system that will enable an increase in collections and a reduction in the age of debts, using analytics to drive automation and enhance productivity. The contract is valued at AU$58.8 million (CAD$57.6 million) which covers five years of service and an optional two years’ extension. This service is expected to begin following completion of the implementation project in the second half of 2017.
“CGI’s responsive solution will provide global best practices in debt recovery, customer profiling, payments and channel management. The tailored solution will include advanced data analytics, behavioural economics and system reporting and will be a powerful tool, allowing SPER to more effectively manage Queensland’s penalty debt levels,” said Colin Holgate, President of CGI in Asia Pacific.
“CGI has a 30-year track record of successful collections implementations for Governments across the world and 11 projects alone have so far secured revenue benefits of $5.7 billion. This is money that our clients have independently certified would not have been collected without our solutions,” he added. “Our work with SPER will result in debts being collected faster while ensuring that vulnerable debtors are afforded appropriate advice and assistance from the outset. We are confident that the Queensland Government will quickly see the benefits of implementing CGI’s solution.”
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 65,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as 150 IP-based services and solutions. With annual revenue in excess of C$10 billion and an order backlog exceeding C$20 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: www.cgi.com.
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For more information:
Executive Vice-President, Global Communications and Investor Relations
Director, Asia Pacific Communications, CGI
+61 408 782 629