Energy signs on for new financial management system

Energy signs on for new financial management system

By Patricia Daukantas
GCN Staff

OCT. 17'The Energy Department has awarded a $31 million contract to IBM Corp. to replace its legacy financial management systems with a single integrated system that meets current government standards.

The new system, to be called Business Management Information System'Financial Management, will rely on three high-end IBM RS/6000 servers running Oracle Federal Financials software, said Michael Fraser, Energy's program manager for BMIS-FM. IBM Global Services will act as the system integrator.

BMIS-FM will replace several custom-made systems that Energy has been gradually improving over most of the last 20 years, Fraser said.

The new financial system will use a three-tier architecture and will connect to end users over Energy's DOENet WAN, Fraser said. Users will access information through a standard browser.

The Oracle Federal Financials application is certified through the Joint Financial Management Improvement Program, Fraser said. Since last fall, all financial management software that agencies purchase must meet the JFMIP requirements mandated by the Federal Financial Management Improvement Act of 1996.

Every Energy agency, with the exception of the Federal Energy Regulatory Commission and the four regional power marketing administrations, will be tied into the new financial system, Fraser said. Implementation is scheduled to take 24 months.

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