Boston, MA 09/30/2014 (wallstreetpr) – Provider of information technology consulting and systems integration, CGI Group Inc. (USA) (NYSE:GIB) announced that it has struck an agreement with Australia and New Zealand Bank or ANZ Group extending the company’s platform of Software as a Services or SaaS to help the bank’s growth tactics.
Extension Of Contract
The American company said that it has struck an agreement to cover seven and half year period with one of the Asia-Pacific region’s big banks to use its global trade finance software, CGI Trade360, its statement revealed.
The bank was no stranger to CGI Group since the financial institution was using CGI Group Inc. (USA) (NYSE:GIB)’s SaaS platform from 2001 as it supported the bank’s business tactics that were centered on establishing long-standing relationships with their customers.
ANZ Needed SaaS
It was quite clear from the statement of ANZ that they needed the SaaS to expand its growth to spread into a super-regional bank. Its Global Head of Trade and Supply Chain Platforms, Wayne Jobson, said that CGI Trade360 platform was essential and that it was a platform that it was using across its trade business in 28 countries worldwide.
The bank’s executive said that the SaaS platform provides the bank with the option to offer its customer the same kind of experience from wherever they operate. CGI Trade360 also enabled the bank to deliver consistently to its customers besides global synergies leverage and effortlessly expanded its footprint.
Trade Finance Technology
CGI said that it led the trade finance technology space with over 50 products for conventional trade, open account, supply chain, and cash management. CGI Group Inc. (USA) (NYSE:GIB) has also added features to include integrated payable offerings and a supplier portal. It would also be releasing the same brand with features of collateral management with a specific focus on commodity finance.
CGI Group Inc. (USA) (NYSE:GIB) believes that the additional capabilities would continue to allow banks such as ANZ to expand their banking services for the benefit of their corporate clients.
