STOCK TITAN

CGI Federal engages with its federal customers to transform Momentum® Acquisitions

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Rhea-AI Summary

CGI Federal has announced a redesign of its Momentum® Acquisitions module, aimed at enhancing user experience for federal contractors. This initiative, developed in collaboration with federal clients, introduces a new interface and expanded features to meet growing compliance and efficiency needs. Currently used by around 10,000 federal professionals across various departments, the improved module is vital for navigating day-to-day contract challenges, allowing users to focus on high-value tasks. This aligns with CGI's commitment to address the unique acquisition demands within the federal landscape.

Positive
  • Enhanced user experience for Momentum Acquisitions module improves efficiency for federal contracting professionals.
  • Collaboration with federal customers ensures the solution meets specific acquisition and compliance needs.
  • Supporting approximately 10,000 federal users demonstrates significant market presence and demand.
Negative
  • None.

FAIRFAX, Va., June 22, 2022 /PRNewswire/ -- In line with customer-centric digital transformation trends across government, CGI Federal announced today that it is creating a reimagined user experience for Momentum® Acquisitions, a module of CGI Federal's ERP solution, Momentum. A collaborative effort with its federal customers, the enhanced Momentum Acquisitions module will include a restyled user interface, new features and expanded capabilities, all anchored by a human-centered experience approach and informed by federal customer input.

"We are thrilled to partner with our federal customers in creating the newest version of this mission-critical solution," stated John B. Owens II, Senior Vice President and Enterprise Solutions Group lead at CGI Federal. "Our development approach is always grounded in listening to our users, so we can create a product that is not only uniquely tailored to the federal government's acquisition and compliance needs, but also enables federal contracting professionals to do their jobs more efficiently. These objectives are especially pertinent in today's federal acquisition environment where there are growing policy requirements and a shrinking workforce."

As one of the few purpose-built ERP solutions available to the federal market, CGI's Momentum Acquisitions module will provide a more tailored, easy-to-use experience for federal contracting professionals. CGI works side-by-side with federal acquisition and contracting professionals within the Momentum Acquisitions community to create solutions that help them address day-to-day contract challenges, allowing them to focus on higher value mission-centric work. Currently, CGI's Momentum Acquisitions supports approximately 10,000 federal users across three branches of government. Key users include the U.S. Department of Justice, U.S. Department of State, and the U.S. Department of Veterans Affairs, which recently deployed the solution at the National Cemetery Administration.

About CGI Federal

CGI Federal Inc., a wholly-owned U.S. operating subsidiary of CGI Inc., is dedicated to partnering with federal agencies to provide solutions for defense, civilian, healthcare and intelligence missions. Founded in 1976, CGI is among the largest IT and business consulting services firms in the world. With 84,000 consultants and other 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. With Fiscal 2021 reported revenue of C$12.13 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

Cision View original content:https://www.prnewswire.com/news-releases/cgi-federal-engages-with-its-federal-customers-to-transform-momentum-acquisitions-301573258.html

SOURCE CGI Federal, Inc.

FAQ

What is the purpose of CGI Federal's Momentum Acquisitions module update?

The update aims to enhance user experience and efficiency for federal contracting professionals by introducing a new interface and features.

When was the CGI Federal press release about the Momentum Acquisitions module issued?

The press release was issued on June 22, 2022.

How many federal users currently utilize CGI's Momentum Acquisitions module?

The module currently supports approximately 10,000 federal users across three branches of government.

Which federal departments are key users of the Momentum Acquisitions module?

Key users include the U.S. Department of Justice, U.S. Department of State, and U.S. Department of Veterans Affairs.

What are the expected benefits of the new features in the Momentum Acquisitions module?

The new features are expected to improve compliance, support efficient contract management, and enable federal professionals to focus on mission-centric work.

CGI Inc.

NYSE:GIB

GIB Rankings

GIB Latest News

GIB Stock Data

24.80B
202.14M
0.79%
70.01%
0.57%
Information Technology Services
Technology
Link
United States of America
Montreal