StockNews.AI
GIB
StockNews.AI
42 days

CGI partners with City of Rockville to transform the City's financial, HR and procurement systems with cloud-based CGI Advantage®

1. CGI launched an upgraded ERP system for Rockville, enhancing operational efficiency. 2. The transition covers finance, procurement, and human resources functions. 3. Rockville has partnered with CGI for over 30 years, ensuring continuity in services. 4. The upgrade improves user experience for city employees and boosts transparency. 5. CGI expects to further enhance features for improved security and reduced costs.

7m saved
Insight
Article

FAQ

Why Bullish?

The partnership with Rockville and ongoing enhancements can drive revenue growth, similar to past municipal contracts that bolstered CGI's earnings.

How important is it?

This article highlights CGI's ongoing successful transformations in government systems, indicating robust future revenue potential which is crucial for market perception.

Why Long Term?

The sustained partnership and ongoing upgrades position CGI to benefit from long-term contracts in the public sector, paralleling previous growth seen during large-scale ERP implementations.

Related Companies

IBMORCLSAP
, /PRNewswire/ -- CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent technology and professional services firms, today announced the successful launch of an upgraded financial and administrative system for the City of Rockville, Maryland. The transformation moves Rockville's existing systems to the upgraded CGI Advantage® enterprise resource planning (ERP) platform, a cloud-based solution providing the City with enhanced capabilities, streamlined processes, and improved operational efficiency. The transition – part of an ongoing partnership between the City and CGI – encompasses critical functions including finance, procurement, inventory, human resources, and reporting. Additional enhancements, such as vendor self-service and open enrollment, are planned to follow in subsequent phases. "Our partnership with CGI is built on trust and a shared commitment to operational excellence," said Rockville Chief Information Officer Nicholas Obodo. "This upgrade ensures we can continue meeting the evolving needs of our employees and residents." Rockville's upgraded solution introduces a faster, more intuitive interface designed to improve the experience for remote and in-office employees alike. Enhanced tools promote productivity while enabling seamless access to essential information. Additionally, CGI Advantage lays the groundwork for increased transparency and visibility into government operations, ensuring greater confidence and stronger engagement with the community. The City of Rockville has trusted CGI to manage its financial systems for over 30 years. This milestone marks a pivotal step in the City's modernization journey, bolstered by CGI's proven track record of delivering secure, integrated, and scalable solutions tailored to the unique challenges and requirements of the public sector. "Our longstanding partnership with the City of Rockville demonstrates the value of collaboration in achieving transformative outcomes and reflects a shared commitment to modernization and public service. CGI Advantage empowers the City's IT professionals to focus on oversight and innovation rather than system maintenance. Automatic updates and enhancements ensure that Rockville benefits from the latest features, improved security, and reduced support costs, resulting in a more efficient and user-friendly system," said Kathleen Galvin, Vice-President, Consulting Services at CGI. "With CGI Advantage, the City is well-positioned to deliver vital services today and well into the future." About CGI AdvantageCGI Advantage is a unified ERP platform featuring a powerful combination of modern technology and built-for-government solutions. This secure, intuitive platform organically meets state and local government requirements and streamlines financial management, human resources, performance budgeting, procurement, and business intelligence operations. A proven solution, CGI Advantage is based on more than 46 years of public sector expertise and is supported by an active client community that values innovation and access to CGI's global network of experts. Learn more at cgi.com/advantage. About CGIFounded in 1976, CGI is among the largest independent technology and professional services firms in the world. With 94,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2024 reported revenue is CA$14.68 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com. Stock Market SymbolsGIB (NYSE)GIB.A (TSX)www.cgi.com/newsroom SOURCE CGI Technologies and Solutions, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News