7.5 year agreement continues use of the CGI Trade360® global trade finance Software as a Service (SaaS) platform to support growth strategy
CGI (NYSE: GIB) (TSX: GIB.A) announced today a seven and half year agreement with Australia and New Zealand Banking Group Limited (ANZ), a major bank in the Asia Pacific region, to extend the bank’s use of the CGI Trade360 global trade finance Software as a Service (SaaS) platform. ANZ has used the CGI Trade360 SaaS platform since 2001 in support of the bank’s business strategy focused on building lasting partnerships with their customers.
“The CGI Trade360 platform has been essential to ANZ’s global expansion and supporting our growth into a super-regional bank. It is the one platform we use across our trade business globally in 28 countries,” said Wayne Jobson, Global Head of Trade & Supply Chain Platforms at ANZ. “With CGI Trade360, we can give every customer the ANZ experience wherever they bank with us. It allows us to deliver consistency to our customers, leverage global synergies and seamlessly expand our footprint.”
CGI leads the trade finance technology market with more than 50 products for traditional trade, supply chain, open account and cash management. Recent additions include a supplier portal and integrated payables offerings. Upcoming releases of CGI Trade360 will feature collateral management for commodity finance. These capabilities continue to enable financial institutions like ANZ to further expand their trade banking services for their corporate clients.
Scott Ayer, Senior Vice President of CGI in Australia commented, “CGI’s banking and financial markets experience and expertise has enabled us to work with many of the world’s leading banks to improve trade, payments and collections processes. We have delivered the global trade platform as a service to ANZ since 2001 and look forward to supporting their continued growth throughout the Asia Pacific region.”
Frank Tezzi, Vice President and Head of Trade & Supply Chain Finance at CGI added, “We are delighted to continue our long-term partnership with ANZ. Their decision to extend the use of CGI Trade360 demonstrates confidence in our ability to deliver a premier, global trade platform to help ANZ compete successfully in the evolving trade marketplace.”
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 professionals serve thousands of global clients from offices and delivery centres 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 a wide range of proprietary solutions. With annualized revenue in excess of C$10 billion and an order backlog of approximately C$19 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).Website: www.cgi.com.
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