In an effort to optimize collections while reducing operating costs, World Omni Financial Corp. has signed a seven-year, multi-million dollar contract to implement CGI Group Inc.‘s comprehensive collections and recovery managed service, CGI Collections360.
CGI Group is a provider of information technology and business process services. As of Sept. 30, CGI’s revenue was $4.3 billion.
The goal of the new agreement is to use CGI’s approach to streamline World Omni’s technology infrastructure by consolidating business applications on a single platform. World Omni’s goal: to improve the effectiveness of collections, recovery, recovery accounting, and decision management operations. CGI will also provide the application maintenance and support services required for ongoing operations.
World Omni’s primary businesses include Southeast Toyota Finance, CenterOne Financial Services, DataScan Technologies, DataScan Field Services, and Monetrics.
Charles Gordon, vice president of the World Omni Portfolio Management Office, said that the Deerfield Beach, Fla.-based company was looking to upgrade and enhance its existing collections environment in a cost-effective manner and that CGI was the “best fit.”
CGI banking-focused solutions include: core banking, wealth management, trade finance, business intelligence/data warehousing and customer relationship management. The company provides services to financial institutions around the world.
