Accounting and Financial Software
Audit Software helps prioritize spend management decisions.
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Press Release Summary:
Built using scalable technology and Web-based architecture, PRISM® Audit v5.0 enables corporations and governments to view organization-wide expense patterns and identify potential cost savings. Spend management analysis solution features automated categorization as well as multidimensional, searchable reports with flexible UI. Support is included to help manage and customize proprietary purchase categorization taxonomy for each client.
Original Press Release:
CGI Upgrades PRISM® Audit Software
New Version Offers Searchable Reports, Faster Processing Time
Stock Market Symbols GIB.A (TSX) GIB (NYSE)
FAIRFAX, VA, June 25 -- CGI Group Inc. (TSX: GIB.A; NYSE: GIB), a leader in information technology and business process services, today released version 5.0 of PRISM(R) Audit software, a spend management analysis solution enabling corporations and governments to view expense patterns organization-wide and identify potential cost savings.
As a key element of CGI's flagship Procurement Management System, PRISM Audit 5.0 was built using scalable technology and Web-based architecture. The new version introduces several new features, including:
- Automated Categorization that decreases processing time by more fully and intelligently leveraging CGI's historical categorization experience acquired from servicing hundreds of clients across a variety of industries and sectors;
- Multidimensional, searchable reports that offer a more flexible user interface and increased reporting functionality to enhance assessments of organization-wide spending and potential savings opportunities from sourcing activities; and.
- Advanced Categorization Taxonomy Support to better manage and customize CGI's proprietary purchase categorization taxonomy for each client. It also reflects the latest version of the United Nations Standard Products and Services Classification.
"In tough times, many organizations are looking for opportunities to quickly yet significantly reduce expenses. CGI's Spend Management solutions deliver savings fast using tools like PRISM Audit," said Michael Keating, Senior Vice-President at CGI. "PRISM Audit facilitates spend analysis, which enables clients to prioritize their spend management decisions, leverage their full purchasing power during contract negotiations and facilitate contract compliance, reducing overall expenses."
Over the last ten years, CGI has improved profitability for corporations and saved tax dollars for government agencies through spend management. CGI is a leader in procurement transformation enabling client organizations to move the procurement function from a tactical back-office into a strategic role, core to the organization's success. By leveraging over ten years of experience in complex client spend analysis and strategic sourcing, PRISM Audit allows CGI to deliver significant return on investment to its clients.
About CGI
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 27,000 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 North America, Europe and India. CGI's annual revenue run rate stands at $3.8 billion and at March 31st, 2008, CGI's order backlog was $12.04 billion. CGI 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. Website: www.cgi.com.
