Largest state-fund insurance system in the nation, serving nearly 256,000 Ohio employers
FAIRFAX, VIRGINIA--(Marketwire - May 2, 2012) - CGI Group Inc. (NYSE:GIB) (TSX:GIB.A), a leading provider of information technology and business process services, today announced that Ohio's Bureau of Workers' Compensation (BWC) has selected CGI to replace its legacy systems with an integrated technology solution for claims, policy management and billing. The total contract is valued at US$52 million, which includes an initial two year performance period and seven one-year renewal options.
Last year, BWC actively managed approximately 1.2 million open claims, funded by assets totaling approximately $26 billion. With an aging application portfolio, disparate systems and limited automation, BWC has contracted CGI to deliver modern, integrated technology with enterprise-wide functionality, including user self-service, collaboration and notification tools, and reporting to better support its constituents. Employers in Ohio will benefit from access to accurate and real-time data in addition to more efficient claims and billing processing.
"As we move forward with implementing this new solution, I expect we'll provide better service to our customers by reducing excessive costs resulting from inefficient processes and excessive workarounds," said Steve Buehrer, Administrator/CEO, Ohio Bureau of Workers' Compensation. "BWC was impressed with CGI's successful track record of delivering large-scale, complex projects in the State of Ohio and across the nation on time and on budget. We look forward to partnering with them."
"We are thrilled to deliver a business technology solution for BWC that will enable more efficient service delivery as well as more effective management of their new business processes throughout their well-run organization," said Nola Haug, Vice-President and CGI State of Ohio Account Executive. "CGI has a long history of successfully supporting the State's most critical IT operations and we look forward to this new partnership with BWC."
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI provides end-to-end services with approximately 31,000 professionals located in offices and centres of excellence in the United States, Canada, Europe and Asia Pacific. As at March 31, 2012, CGI's annualized revenue was approximately $4.3 billion and its order backlog was approximately $13.1 billion. CGI shares are listed on the NYSE (GIB) and the TSX (GIB.A) and are included in both the Dow Jones Sustainability Index and the FTSE4Good Index. Website: www.cgi.com.
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