Treasury awards SunGard accouting contract

The Treasury Department awarded a $13 million contract to SunGard Investment Systems Inc. of Lombard, Ill., to provide investment accounting software and support services for the Office of Public Debt Accounting.

The contract has a one-year base period and six one-year options.

The office in the Bureau of the Public Debt plans to use the software to manage federal, state and local government investments, Treasury loan services and the amortization calculations function for its summary debt accounting program. These programs account for $3.5 trillion in Government Account Series securities, $235 billion in state and local government securities and $246 billion in Treasury loans to federal agencies.

The system will give the Bureau of Public Debt and its customers online access to investment transaction data, such as activity for a period defined by the user; principal, amortization, interest accrual balances; and statements of account.

About the Author

Mary Mosquera is a reporter for Federal Computer Week.

inside gcn

  • security compliance

    Security fundamentals: Policy compliance

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

More from 1105 Public Sector Media Group