CGI grows trade finance offering

CGI Group, provider of information technology and business process services, has announced the addition of accounts receivable and cash management capabilities within its global trade and supply chain platform, Proponix360.

“We were seeing a large demand from our corporate customers for accounts receivable and cash management solutions as part of trade finance,” says Lee Ross, project director cash management at ANZ. “CGI quickly delivered an integrated solution that met our customers’ demands, resulting in new business and revenue for us almost immediately.”

“We are delivering on our promise to continuously transform Proponix360 into a comprehensive end-to-end global trade and supply chain platform to meet our clients’ evolving business needs,” says Steven Starace, vice-president, US Banking and Investments. “With the release of accounts receivable management and cash management capabilities, we have created solutions that can immediately help our clients drive revenue globally by enabling them to offer valuable working capital solutions to their corporate customers.”

CGI’s Proponix360 is the only trade and supply chain platform with fully integrated traditional trade, open account and cash management capabilities and is offered via software as a service (SaaS), ensuring quick time-to-market. Banks can utilise Proponix360’s accounts receivable management (ARM) functionality to provide customers with highly efficient accounts receivable payment-to-invoice matching and working capital improvements through financing of open invoices.