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Ventura County, CA, successfully launches CGI Advantage® cloud-based financial management system

1. CGI upgrades Ventura County's financial management system to the cloud. 2. The upgrade promotes operational efficiency and resiliency for the County. 3. CGI Advantage provides seamless reporting and user-friendly applications. 4. The partnership spans nearly 30 years, ensuring consistent modernization. 5. This adaptive technology positions Ventura County for future needs.

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FAQ

Why Bullish?

The upgrade demonstrates CGI's continued commitment to modernization, likely boosting investor confidence. Historical upgrades, such as those involving large municipalities, have previously enhanced CGI's stock performance.

How important is it?

The upgrade reflects CGI's innovation in cloud technology, which can attract more clients and potentially lead to higher revenues. The positive reception from Ventura County enhances CGI's credibility as a service provider.

Why Long Term?

The long-term partnership with the County suggests ongoing business opportunities, positively affecting CGI's revenue streams. This upgrade could lead to additional municipal contracts in the future.

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GIB.AGIB
, /PRNewswire/ -- CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent technology and professional services companies, today announced the upgrade of Ventura County Financial Management System (VCFMS), with a transition to the CGI Advantage® Cloud – marking a significant milestone in the County's journey toward enhanced operational efficiency and resiliency. For nearly 30 years, CGI has been a trusted partner of Ventura County, supporting the implementation and evolution of its financial systems. This latest upgrade advances the County's VCFMS by enabling CGI Advantage Financial and Vendor Self-Service (VSS) applications with the CGI Advantage Insight reporting tool. The move to a cloud-based platform underscores the County's commitment to staying at the forefront of technology while maintaining operational continuity and user familiarity. "Our partnership with CGI has ensured that we can modernize our financial systems while minimizing disruption to operations," said Ventura County Auditor-Controller Jeff Burgh. "This cloud-based solution positions Ventura County for greater resiliency and efficiency, benefiting both our staff and the residents we serve." "Ventura County's decision to upgrade its financial system with CGI reflects the strength of our collaboration and the shared commitment to achieving lasting operational improvements. The updated VCFMS will deliver a streamlined user interface, enhancing accessibility and efficiency outcomes for end users," said Joanna Robinson, Senior Vice-President of CGI's U.S. West operations. "The system's go-live represents a critical step forward in Ventura County's modernization journey. By embracing cloud-based solutions, the County is poised to benefit from a scalable, secure platform designed to meet its future needs." Ventura County is seeking to modernize its financial management system to address the growing need for seamless disaster recovery solutions, improved operational agility, and continuous software updates without the need for disruptive upgrades. Integrated reporting within the system eliminates the need for additional solutions, providing a cohesive experience for County staff and simplifying data-driven decision-making. 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 IT and business consulting services firms in the world. With 91,000 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.A (TSX)GIB (NYSE)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

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