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Thursday, August 02, 2007

OPM details plans to revamp financial systems

The Office of Personnel Management has laid out its plans to replace its two accounting and single procurement systems under its Financial Systems Modernization. OPM plans to conduct a public/private competition September through November, select a provider by June 2008 and begin implementation by October 2009, the agency said in its recent posting on the Federal Business Opportunities Web site.

OPM is in the final days of seeking information from interested parties for its competition among public and commercial shared-service providers to comply with the Financial Management Line of Business.

To modernize its systems, OPM will need systems implementation, application hosting services and software through a single acquisition process that will result in one contract.

When OPM selects a provider, the agency plans to first replace its Government Financial Information System, its administrative system, which is an implementation of CGI’s Momentum application. It also plans to replace its procurement system, the CGI Procurement Desktop. Next, OPM will replace its Benefits Financial Management System, the trust fund system, a collection of custom and commercial applications, by moving trust fund management and accounting to the new system implemented in the initial phase. That will result in a single integrated system. Later phases will include cost accounting and property tracking.

-Mary Mosquera, FCW.com

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