Yesterday, CGI Group, Inc. announced that it has extended its relationship with Daimler Financial Services (DFS) for five more years, to 2017. CGI provides a full end-to-end applications management service for international Vehicle Asset Financing, providing DFS with a cost-effective service to streamline and standardize its business processes, while at the same time maximizing operational savings by utilizing CGI’s industry leading outsourcing services.
In collaboration with Daimler, CGI is commercializing Phoenix for the worldwide asset finance market. CGI is leveraging DFS’ specialist financing knowledge and its own financial solutions and IT development expertise to incorporate Phoenix into CGI’s financial solutions portfolio. With Daimler as its charter customer, CGI’s initial target market is asset financing for the automotive and other high value manufacturing industries.
“CGI has been a provider to Daimler for over 8 years and is pleased to once again strengthen this relationship”, said CGI Europe and Australia president Joe Saliba. “We are pleased that Daimler Financial Services have extended our agreement and continues to look to CGI to meet their long term IT needs. This multi-million euro contract extension strengthens our relationship even further and will serve as foundation to expand and deepen our partnership with Daimler.”