CGI Federal, Inc., a wholly-owned U.S. operating subsidiary of CGI Group Inc., (NYSE: GIB; TSX: GIB.A) today announced that USAID has completed the worldwide implementation of CGI's Momentum® financial management system (referred to as Phoenix by USAID).
"The successful implementation of Momentum to USAID Headquarters in Washington, D.C., and to more than 50 worldwide missions is the culmination of a project that included consideration of over one hundred currencies, diverse languages and cultural practices, round-the-clock operations in multiple time zones, and diverse network and telecommunication infrastructure environments of developing nations," said CGI Vice President Donna Ryan. CGI provided on-site training and implementation support at each mission as well as full-time solution center staffing in Cairo, Egypt; Manila, Philippines; Accra, Ghana; and Nairobi, Kenya.
With Phoenix now fully deployed, USAID's entire financial and accounting operation runs on a single, corporate system providing full auditability, real-time, online access to, and reporting of, financial information on a global basis. Phoenix also offers USAID the flexibility to consolidate its mission-based financial staff and activities into centralized locations, creating the opportunity to target staff and quickly pull out from any location that becomes dangerous or unstable, while still supporting projects underway in that location. "As the key partner in our financial modernization effort which began in 1999, the CGI team and Momentum solution have been instrumental in helping us achieve our vision of having a single, agency-wide financial management system," said Lisa Fiely, Chief Financial Officer, USAID.
The CGI Federal Momentum financial management software uses state-of-the art open Web technology standards to simplify system deployment and enable interoperability with external systems. This Web based software allows federal agencies to easily implement Momentum across the agency. CGI offers Momentum as a government-certified commercial off the shelf product for federal agencies, and as part of a turnkey IT and business process service for federal agencies seeking new solutions under the Federal Financial Management Line of Business initiative.
About CGI Federal
CGI Federal (www.cgi.com/usfederal) is a wholly-owned U.S. operating subsidiary of CGI Group Inc., dedicated to providing effective IT solutions for federal government agencies by combining over 30 years of government experience and technology skills. 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 24,500 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the U.S., Europe, Asia Pacific as well as from centers of excellence in Canada and the U.S., Europe and India. CGI's annualized revenue run rate is currently $3.5 billion (US$3.1 billion) and at June 30, 2006, CGI's order backlog was $13.3 billion (US$11.9 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.
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Director, Communications CGI Federal