CGI Advantage® financial modernization platform launched by State of Iowa

Rhea-AI Summary

CGI has announced the successful launch of its CGI Advantage® enterprise resource planning (ERP) system for the State of Iowa. This transformational platform is built on a unified software-as-a-service (SaaS) model, designed to enhance user experience, integrate and automate budget processes, and provide flexibility for adopting new technologies.

The system was deployed on time and on budget, digitizing manual processes, integrating functions with local systems, and leveraging automation technology. CGI Advantage, a solution specifically built for government use, features a secure design, intuitive user interface, and app-friendly environment. It has been implemented over 500 times in public sector organizations across the United States.

This launch builds on CGI's 30-plus year partnership with Iowa and reflects best practices from four decades of experience in implementing enterprise-level systems for the public sector.

Positive

• Successful on-time and on-budget deployment of CGI Advantage® ERP system for the State of Iowa
• CGI Advantage has been implemented over 500 times in public sector organizations nationwide
• 30-plus year partnership between CGI and the State of Iowa
• System digitizes manual processes, integrates functions, and leverages automation technology

Negative

• None.

Insights

Technology Analyst

CGI's launch of the CGI Advantage® ERP system for the State of Iowa represents a significant technological upgrade for the state's financial management. This SaaS-based platform offers enhanced user experience, process automation and flexibility for future tech adoption. The successful on-time and on-budget implementation demonstrates CGI's expertise in government-focused IT solutions. While this news is positive for CGI, showcasing their ability to deliver large-scale government projects, its immediate impact on the company's financials may be The long-term partnership with Iowa and the potential for similar implementations in other states could drive future growth. However, investors should note that government contracts, while stable, often have longer sales cycles and may not significantly impact quarterly results.

Public Sector Finance Expert

The adoption of CGI Advantage® by the State of Iowa marks a notable advancement in public sector financial management. This ERP system is designed to streamline budgeting, financial processes and resource management, potentially leading to increased efficiency and cost savings for the state. The system's focus on digitizing manual processes and integrating functions aligns with modern government needs for transparency and accountability. For investors, this implementation showcases CGI's strong position in the government IT services market, a sector known for stable, long-term contracts. The mention of over 500 implementations nationwide indicates a proven track record, which could be attractive for other state and local governments considering similar upgrades. However, the financial impact of this single implementation is likely to be gradual rather than immediate.

CGI transforms budgeting and financial processes for state IT systems with enterprise resource planning technology built exclusively for government 

DES MOINES, Iowa, Oct. 8, 2024 /PRNewswire/ -- CGI (NYSE: GIB) (TSX: GIB.A), one of the largest independent IT and business consulting services firms in the world, today announced the State of Iowa's launch of CGI Advantage^®, a transformational enterprise resource planning (ERP) system built on a unified software-as-a-service (SaaS) platform that enhances the user experience, integrates and automates budget processes, and provides ease-of-configuration and flexibility for the adoption of new technologies.

"We are pleased to maintain a partnership with CGI for the innovation and expertise they bring to the Iowa Advantage enterprise resource management system," said Governor Kim Reynolds. "As our financial planning and budgeting system gains new features and greater efficiency, CGI will help strengthen our ability to effectively and efficiently manage public resources dedicated to serving Iowans statewide."

Building on a 30-plus-year partnership with the state, CGI deployed an ERP platform on time and on budget in Iowa that digitizes manual processes, integrates functions with other local systems, and leverages automation technology. A built-for-government solution featuring a secure design, intuitive user experience and app-friendly environment, CGI Advantage has been implemented more than 500 times in public sector organizations nationwide to reduce risk and streamline financial and HR business processes.

"CGI's Advantage ERP solution reflects best practices from four decades of experience in implementing enterprise-level, mission-critical systems supporting thousands of public sector users serving millions of citizens across the country," said Patsy McCabe, Vice-President, Consulting Services of CGI's Midwest operations. "The team's expertise is built on successful solutions designed for the unique business needs of state and local governments."

"Our clients who use CGI Advantage ERP benefit from a product roadmap that includes continued investment in new technologies that enable fresh, innovative ways to meet citizen expectations, drive efficiency and grow capacity in critical government organizations," said Surabhi Subramanyam, Senior Vice-President, Government Solutions, CGI. "As Iowa's leaders navigate the complexities inherent in state finance, budget, and procurement, the seasoned CGI Advantage team will maintain a collaborative effort, fostering accountability, transparency and efficiency while positioning the state to meet the challenges facing government organizations nationwide."

About CGI Advantage
CGI 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 CGI
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 90,000 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 2023 reported revenue is C$14.30 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

View original content:https://www.prnewswire.com/news-releases/cgi-advantage-financial-modernization-platform-launched-by-state-of-iowa-302269054.html

SOURCE CGI Technologies and Solutions, Inc.

FAQ

What is CGI Advantage® and how is it being used by the State of Iowa?

CGI Advantage® is an enterprise resource planning (ERP) system built on a unified software-as-a-service (SaaS) platform. The State of Iowa has launched it to enhance user experience, integrate and automate budget processes, and provide flexibility for adopting new technologies in their financial and budgeting systems.

How many times has CGI Advantage been implemented in public sector organizations?

CGI Advantage has been implemented more than 500 times in public sector organizations nationwide to reduce risk and streamline financial and HR business processes.

What are the key features of CGI Advantage for government use?

CGI Advantage is a built-for-government solution featuring a secure design, intuitive user experience, and app-friendly environment. It digitizes manual processes, integrates functions with other local systems, and leverages automation technology.

How long has CGI (NYSE: GIB) been partnering with the State of Iowa?

CGI has been partnering with the State of Iowa for over 30 years, building on this relationship with the recent deployment of the CGI Advantage ERP platform.