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Tuesday, November 21, 2006

OPM cancels work on financial management system

The Office of Personnel Management has canceled a year-old contract with the Treasury Department to upgrade its financial management and procurement systems. It will put the project up for bids again next year.

OPM selected Treasury’s Administrative Resource Center in August 2005, rejecting bids from other federal shared service centers and the private sector. At the time, OPM said it selected Treasury’s center because OPM’s financial management system could be married easily to Treasury’s Oracle financial system.

But in a Nov. 20 press release, OPM announced it will hold a public-private competition by next summer to migrate its financial management and procurement systems to a new shared service center, public or private. The winning contractor must have demonstrated experience with commercial off-the-shelf software that is certified by the General Services Administration’s Financial Systems Integration Office (FSIO) and must be able to leverage its expertise and other resources to achieve the best value for the agency, OPM said.

The need to implement recent FSIO enhancements, facilitate future upgrades and support, and generate timely and accurate financial information drove OPM’s decision to move to another shared service center, OPM said.

-Tim Kauffman, FederalTimes.com

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