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CGI Teams with BillMatrix
to Provide Integrated Payment Options
Insurance
Company to Take Advantage of Real-time Payment Posting
Andover, Massachusetts and Dallas, Texas – September
8, 2004 – CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB),
a leading information technology and business process services
firm and BillMatrix Corporation, a provider of outsourced
telephone and Internet-based payment services, today announced
a teaming agreement to provide insurance companies with streamlined
transaction processing. CGI’s CollaborativeEdge, a leading
front end application that supports interfaces between agencies
and carriers will be integrated with the BillMatrix system
to allow payments initiated at an agency or other remote office
to be posted in the carrier’s accounting system in real-time.
A mutual client of the two companies facilitated the collaboration
and will be rolling out the results to their agent base over
the next several months. CGI and BillMatrix will be jointly
pursuing additional applications to support the insurance
industry’s need for more timely and accurate information.
“BillMatrix is one of the premier companies in the
automated payments business,” said Dic Marxen, CGI Senior
Vice President. “Teaming with their talented technologists
to enhance our offerings to the insurance industry just made
good sense for us. We are looking forward to discussing this
new functionality with our clients and other prospects.”
Both companies provide state-of-the-art, standards-based
web services technologies that will facilitate rapid integration.
Users will have an additional utility on the standard agent
interface to enter premium payment information, supported
with a specific help page. The second phase of the project
is to provide consumer-facing input interfaces for the mutual
client – a dedicated interactive voice response (IVR)
unit and an Internet payment page. All three interfaces will
capture premium payment transactions in real-time, posting
to the insurance carriers accounting system.
By automating these processes in a real-time environment,
balances are immediately updated with each transaction, allowing
sharing of up-to-the second account information across the
enterprise and solving the productivity and agent- or consumer-response
problems of batch processing. Competitive conditions have
placed a premium on timely posting in the insurance industry.
Moving from end-of-day batch processing to real-time posting
creates a true competitive advantage for the insurance companies
that take advantage of this new offering.
“The CollaborativeEdge product is being rapidly embraced
by the insurance industry for its open architecture and simple
integration with multiple information sources,” said
Scott Walker, BillMatrix’ President and CEO. “It
is our pleasure to be able to work with such a forward-thinking
organization.”
About CGI
Founded in 1976, CGI is among the largest independent information
technology and business process services firms in North America.
CGI and its affiliated companies employ approximately 25,000
professionals. CGI provides end-to-end IT and business process
services to clients worldwide from offices in Canada, the
United States, Europe, Asia Pacific as well as from centers
of excellence in India and Canada. CGI’s annualized
revenue run rate is currently CDN$3.8 billion (US$2.8 billion)
and at June 30, 2004, CGI’s order backlog was CDN$13.2
billion (US$9.8 billion). CGI’s shares are listed on
the TSX (GIB.A) and the NYSE (GIB) and are included in the
S&P/TSX Composite Index as well as the S&P/TSX Capped
Information Technology and MidCap Indices. For more information
please contact us at 1-800-433-2452, insurance@cgi.com or
www.cgi.com.
About BillMatrix Corporation
BillMatrix Corporation provides outsourced payment services
for the nation’s largest companies using the latest
automated consumer interface technologies. Founded in 1994
and headquartered in Dallas, BillMatrix works with corporations
in the telecommunications, utility, insurance, mortgage and
financial services industries to replace expensive, paper-based
methods of remittance with a set of convenient, labor- and
cost-saving electronic transactions. Consumers are able to
make payments in a private and secure manner, via the Internet
and telephone, using a variety of credit card, ATM/debit card,
and electronic check payment options. BillMatrix maintains
a fully staffed customer service organization to support both
its clients and their consumers with any payment issues. For
more information, visit www.BillMatrix.com or call (800) 596-0221.
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