Solution allows more effective management of
Queensland's penalty debt
levels
Stock Market Symbols
GIB (NYSE)
GIB.A (TSX)
www.cgi.com/newsroom
BRISBANE, AUSTRALIA,
May 26, 2016 /PRNewswire/ - 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."
About CGI
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.
Forward-Looking Statements
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release that do not directly and exclusively relate to historical
facts constitute "forward-looking statements" within the meaning of
that term in Section 27A of the United States Securities Act of
1933, as amended, and Section 21E of the United States Securities
Exchange Act of 1934, as amended, and are "forward-looking
information" within the meaning of Canadian securities laws. These
statements and this information represent the intentions of CGI and
Sears Canada, plans, expectations and beliefs, and are subject to
important risks, uncertainties and other factors, of which many are
beyond the control of the Company. These factors could cause actual
results to differ materially from such forward-looking statements
or forward-looking information. These factors include but are not
restricted to: the timing and size of new contracts; acquisitions
and other corporate developments; the ability to attract and retain
qualified members; market competition in the rapidly evolving IT
industry; general economic and business conditions; foreign
exchange and other risks identified in the press release, in CGI's
and Sears Canada's annual and quarterly Management's Discussion and
Analysis ("MD&A") and in other public disclosure documents
filed with the Canadian securities authorities (filed on SEDAR at
www.sedar.com) and the U.S. Securities and Exchange Commission
(filed on EDGAR at www.sec.gov), as well as assumptions regarding
the foregoing. The words "believe", "estimate", "expect", "intend",
"anticipate", "foresee", "plan", and similar expressions and
variations thereof, identify certain of such forward-looking
statements or forward-looking information, which speak only as of
the date on which they are made. In particular, statements relating
to future performance are forward-looking statements and
forward-looking information. CGI and Sears Canada disclaim any
intention or obligation to publicly update or revise any
forward-looking statements or forward-looking information, whether
as a result of new information, future events or otherwise, except
as required by applicable law. Readers are cautioned not to place
undue reliance on these forward-looking statements or on this
forward-looking information.
SOURCE CGI Group Inc.