Nevada to transform state ERP systems with cloud-based CGI Advantage® solution

Rhea-AI Summary

CGI (NYSE: GIB) awarded a contract by the State of Nevada for an upgrade of ERP systems with CGI Advantage®, a cloud-based solution. The partnership aims to modernize Nevada's systems, increase responsiveness, and enhance functionality.

Insights

IT Systems Analyst

The modernization of Nevada's ERP systems through CGI's cloud-based solution represents a strategic move towards enhancing operational efficiency within the state's government infrastructure. The shift towards a SaaS platform, specifically CGI Advantage, is indicative of a broader trend in the public sector to embrace digital transformation. This initiative will likely streamline processes, facilitate better resource management and improve data integration across financial, personnel and performance metrics.

From an IT perspective, the adoption of AI-powered monitoring and automation tools is noteworthy. Such advancements can lead to predictive maintenance, which minimizes downtime and ensures smoother operations. The focus on a user-friendly experience with role-based and responsive design is essential in driving adoption and reducing the learning curve for government employees. As a result, the state could see improved productivity and a reduction in errors associated with manual data handling.

Financial Analyst

CGI's contract with the State of Nevada for ERP system upgrades has financial implications that extend beyond the immediate revenue for CGI. The investment in cloud-based systems can be seen as a long-term cost-saving strategy for the state. By transitioning to a SaaS model, Nevada is likely to experience lower upfront costs, reduced expenditure on IT infrastructure and potential savings on maintenance and upgrades, which are typically handled by the service provider in a SaaS agreement.

Moreover, the improved efficiency and automation may lead to cost reductions in other areas of the state's budget. For CGI, a successful implementation could enhance its reputation and lead to similar contracts with other states, positively impacting its stock value. Investors should monitor the project's progress as it could influence CGI's financial performance and future market opportunities.

Government Technology Advisor

The partnership between CGI and the State of Nevada, particularly in the context of a 30-year relationship, suggests a deep level of trust and understanding of the public sector's unique needs. CGI's experience in implementing ERP solutions on-time and within budget is a strong selling point for other government entities considering similar upgrades.

Furthermore, the ability to support complex union agreements and manage the entire grants life cycle indicates a high level of customization and flexibility in CGI's solution. This capability is critical for government entities with intricate labor and financial workflows. The success of this project could serve as a case study for other states, potentially leading to a ripple effect of modernization initiatives across the country, thus expanding the market for CGI's government-focused solutions.

CARSON CITY, Nev., April 4, 2024 /PRNewswire/ -- CGI (NYSE: GIB) (TSX: GIB.A) today announced it has been awarded a contract by the State of Nevada for an upgrade of the state's enterprise resource planning (ERP) systems with CGI Advantage^®, a cloud-based solution that integrates financial, personnel and performance data in a modern, unified platform. Extending a 30-year partnership with the state, CGI will deploy a built-for-government solution to help the state transform their operations. The planned upgrade will help address the state's resourcing capacity while modernizing Nevada's systems on a software-as-a-service (SaaS) platform.

"CORE.NV's vision is to build an integrated, statewide Enterprise Resource Planning solution for our State Financial and Human Resource systems, based upon CGI Advantage. This new solution will expand functionality, increase responsiveness, and enable our State to quickly adapt to a rapidly approaching future," said State of Nevada OPM Director, Brian Bowles. 

The CGI Advantage solution for Nevada features a secure design and a responsive user experience. With the state's move to SaaS, it will gain AI-powered monitoring and automation for critical functions and continually leverage the latest technology without having to manage costly and time-consuming customizations and upgrades.

"These new capabilities will provide the state with a user experience that is simple, smart and intuitive for its government workforce," said Virginia Williams, Senior Vice-President of CGI's U.S. Northwest operations. "The transformed role-based and responsive design, coupled with functional enhancements, will continue to help the state simplify their business processes while integrating smart technologies, including mobility and analytics, into their existing systems."

CGI's history of on-time and on-budget implementation for state government ERP solutions was a critical decision factor for Nevada, as was the ability to support complex union agreements and end-to-end grants life cycle management.

About CGI Advantage
CGI Advantage is a unified ERP platform featuring a powerful combination of modern technology and built-for-government solutions. Hosted in the Cloud, this secure, intuitive SaaS 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 90,500 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.

www.cgi.com/newsroom

View original content:https://www.prnewswire.com/news-releases/nevada-to-transform-state-erp-systems-with-cloud-based-cgi-advantage-solution-302108364.html

SOURCE CGI Technologies and Solutions, Inc.

FAQ

What contract did CGI (GIB) secure recently?

CGI secured a contract by the State of Nevada for an upgrade of the state's enterprise resource planning (ERP) systems.

What solution will CGI (GIB) deploy for the State of Nevada?

CGI will deploy CGI Advantage®, a cloud-based solution that integrates financial, personnel, and performance data in a modern, unified platform.

What vision does CORE.NV have for the Enterprise Resource Planning solution?

CORE.NV's vision is to build an integrated, statewide Enterprise Resource Planning solution for State Financial and Human Resource systems based upon CGI Advantage.

What benefits will the state of Nevada gain from the planned upgrade?

The state of Nevada will gain a user experience that is simple, smart, and intuitive for its government workforce, along with enhanced functionality and responsiveness.

Why was CGI's history of on-time and on-budget implementation crucial for Nevada?

CGI's history of on-time and on-budget implementation for state government ERP solutions was crucial for Nevada, along with the ability to support complex union agreements and end-to-end grants life cycle management.