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  • Saturday, April 20, 2024

CGI Projects Help Clients Collect $2B in Taxes; Ted London Comments

Ted London

Six states using CGI Group-provided (NYSE: GIB) collections and tax modernization projects have collected more than $2 billion in additional revenues, the company announced Tuesday.

California, North Carolina, Virginia, Hawaii, Kansas and Missouri use the company’s benefits-funding model, where CGI starts receiving payment when revenue is generated.

The company has led more than 20 major tax implementations worldwide including collections automation, web-based tax administration and benefits-funded financing, said Ted London, vice president of CGI’s public sector tax, revenue and collections practice.

In California, the company’s enterprise data-to-revenue project has helped generate more than $128 million in 15 months, nearly 81 percent ahead of projections.

When complete, the project is expected to provide the state a $1 billion annual revenue increase and $2.8 billion is projected by fiscal years 2016 and 2017.

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