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Friday, January 08, 2010

U.S. Department of Labor Goes Live with New Financial Management Solution

RESTON, Va., Jan. 28 /PRNewswire-USNewswire/ -- Global Computer Enterprises (GCE) today announced that the U.S. Department of Labor (DOL) has gone live with GCE's cloud computing based financial management Shared Service Provider (SSP) solution. The event marks the first implementation of a cabinet-level department onto a commercial SSP solution based on Oracle Financials Release 12.

With this new solution, the agency's first financial management solution overhaul in over 20 years, DOL achieves its goal of modernizing its core financial management functions within the framework of a FSIO-compliant financial management Shared Service Provider (SSP). DOL expects to drive major operational efficiencies, on-going compliance with OMB and Treasury guidelines, and greater insight and reporting of spending.

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