National Bank and CGI bring enhanced payroll services to the banks corporate clients

Tuesday 17 February 2004 00:50 CET | News

The National Bank of Canada and CGI Group, have signed a 10-year commercial agreement to provide payroll services to National Bank corporate clients.

With this new agreement, the National Bank, under their brand, will market payroll services to its clients. CGI remains responsible for creating, maintaining, hosting and managing the back office for the business processing of the banks 8,000 payroll clients. CGI will be streamlining the current systems offering an enhanced, state- of-the-art infrastructure allowing businesses to benefit from a reduction in costs and gain administrative efficiency. Moving forward, CGI will continue to invest in R&D for payroll services. This agreement does not translate into incremental annual revenue for CGI. However, as it is a 10-year deal, CGI estimates that it increases its backlog for the same activities from CDN$25 million to $200 million.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce