BearingPoint, HHS, Financial, Management, System
BearingPoint helps HHS expand new financial management system
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BearingPoint, Inc., one of the world's largest management and technology consulting firms, announced it has completed implementation and deployment of the Department of Health and Human Services Unified Financial Management System (UFMS) at the Program Support Center (PSC) and is providing service to seven additional HHS agencies. UFMS is the cornerstone of a department-wide effort to transform financial management at HHS. When complete in 2007, UFMS is expected to be the largest civilian financial management system in the world.
This latest deployment brings the following agencies onto the new financial management platform:
* Office of the Secretary
* Health Resources and Services Administration
* Substance Abuse and Mental Health Services Administration
* Agency for Healthcare Research and Quality
* Administration for Children and Families
* Administration on Aging
* HHS Program Support Center
HHS, which manages the largest budget in the U.S. Federal government, initiated the $219 million program to improve fiscal management and accountability agency wide. In addition to the ability to eliminate reliance on the multiple accounting systems previously used by HHS component agencies, UFMS allows HHS to take advantage of rapid advances in technology to better emphasize accountability and evolving customer needs and expectations.
"This latest release of UFMS continues the transformation of financial management at HHS," said Rick Swanson, vice president for BearingPoint's Federal Health and Human Services account. "BearingPoint is proud of the work this team of government and private sector specialists has accomplished to date. Together we will continue to transform HHS's administrative systems and derive benefits not only for the Department, but the U.S. taxpayer as well."
Previous phases in the UFMS incremental implementation included deploying the general ledger at the National Institutes of Health and the full UFMS system at the Centers for Disease Control and Prevention and the Food and Drug Administration. These early phases allowed the HHS to demonstrate the effectiveness of the system as well as realize tangible benefits early in the development life cycle. The current deployments bring those capabilities to an even larger segment of the department. Additional administrative systems are expected to be consolidated in coming years, further improving HHS' financial management capability, a key element of the President's Management Agenda.
HHS selected BearingPoint as the systems integrator and business transformation agent for UFMS in November 2001. The UFMS program uses Oracle Federal Financials, a federally certified commercial off-the-shelf software package and part of Oracle E-Business Suite.
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