ANZ\u2019s international expansion strategy will see an expanded use of a software-as-a-service (SaaS) platform to support its global trade program, supported by an extended seven-and-half-year agreement with technology and business process firm CGI Group.\nThe bank has used CGI\u2019s Trade360 SaaS platform since 2001. An extended agreement enables the bank to consolidate its partnerships with domestic and overseas customers. The agreement consolidates the bank\u2019s global footprint and the goal of becoming a \u201csuper-regional bank,\u201d according to Wayne Jobson, global head of trade and supply chain platforms at ANZ.\nExpanding the footprint\n\u201cWith CGI Trade360, we can give every customer the ANZ experience wherever they bank with us,\u201d Jobson said. \u201cIt allows us to deliver consistency to our customers, leverage global synergies and seamlessly expand our footprint.\u201d\nThe CGI platform remains essential to ANZ\u2019s international expansion plans, Johnson said. \u201cIt is the one platform we use across our trade business globally in 28 countries.\u201d\nScott Ayer, senior vice-president of CGI in Australia, said the group\u2019s banking and financial markets expertise enables it to work with some of the world\u2019s leading banks. These relationships are helping streamline trade, payments and collections processes.\nTrade360 offers the software, infrastructure and support resources to power a bank\u2019s global trade business. The SaaS platform enables financial institutions to provide wide-ranging traditional trade, payables, receivables and cash management services for its worldwide customers.\nDelivering cloud savings\nIncreasingly, banks and business enterprises are leveraging SaaS and other cloud services to deliver organisation-wide savings. These savings stem from reducing internal operating costs and gaining access to more cost-effective and fully integrated global trading platforms.\nWith a front-end corporate user base of 15,000 worldwide, Trade360 is being used by financial institutions in more than 40 countries and 95 locations across Asia, Europe, North America and Oceania.\nNew releases feature collateral management for commodity finance. These capabilities enable banks like the ANZ to further expand its trade banking services for corporate clients.