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Monday, August 28, 2006

HUD plans integrated financial-management system

The Housing and Urban Development plans to seek enterprisewide implementation and integration of the PeopleSoft financial-management system as part of the agency’s accounting and financial modernization.

HUD aims to reduce the number of disparate legacy systems and transition its core systems to PeopleSoft to implement an integrated system that can produce auditable financial statements throughout the agency. PeopleSoft is one of several financial-management systems that the Financial Systems Integration Office, formerly Joint Financial Management Improvement Program, has approved.

The eventual contract would have an 18-month base period and options that could lengthen it to 10 years. Interested sources can comment on the draft solicitation until Sept. 5, HUD said in its recent posting on FedBizOpps.

The contractor would have to implement the financial-management system at a shared-services provider or other federal or private hosting site as defined by the Office of Management and Budget under the Financial Management Line of Business consolidation initiative.

Among the terms, the contractor would:

  • manage and migrate financial requirements for budget execution, funds control, commitments/reservations, obligations, accounts payable, accounts receivable, costs and financial reporting
  • install, operate and support the application, patches and service packs
  • put in place a business management process to manage the total work effort associated with deploying the integrated financial-management system.

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