Comerica Bank will implement CGI’s Proponix360 global trade platform software to help the bank reduce costs and enhance customer service.

The announcement of the five-year partnership was made by the CGI Group – a leading provider of information technology and business process services.

Comerica has been looking for a cost-effective solution to replace its traditional legacy, trade-focused systems, while meeting its ongoing business and technology objectives in a changing market.

CGI’s Proponix360, a web-based customisable ‘Software as a Service’, delivers a single integrated global platform that provides end-to-end applications addressing traditional trade, open account, supply chain and cash management functions.

“With a more than 20 year partnership, CGI is uniquely positioned to help Comerica address their global trade services processing needs with Proponix360,” says Steven Starace, vice-president at CGI. “CGI’s strong trade and supply chain services and reputation as a global managed services provider help position the bank to gain a competitive advantage in the market."