IBM Wins Interior Department Financial and Business Management Contract
Contract Worth $110 Million.
BETHESDA, MD - 08 Mar 2006: IBM today announced it won a contract to provide the Department of the Interior with services to standardize and integrate the agency’s financial and business management (FBMS) systems.
The deal is valued at more than $110 million over six years. As part of the contract, IBM will help Interior enable an SAP software solution designed to replace the agency’s 80 current finance and business-management efforts with one comprehensive system. That system will be fully integrated and standardized, and will meet all applicable current and future accessibility, security and privacy requirements.
IBM also will provide the department with business-intelligence (BI) capabilities to its financial and business management processes to strengthen the decision-making capabilities of the agency’s executives, managers and employees.
Additionally, the new FBMS system will ensure that all financial and business management data and transactions are recorded properly, efficiently, in a timely manner and meet all internal controls. It also will be designed to accommodate changes in federal laws and regulations regarding financial and business management processes.
As part of the effort, IBM and its team will provide Interior with consulting services that examine the best practices for such systems in government and the private sector. The intent is not simply to streamline operations, but to create a fully compliant system that improves agency performance.
The Interior Department has made a priority of aligning its FBMS system with its overall strategy of modernizing the agency, better integrating its various divisions and making it more accountable to citizens.
Nina Rose Hatfield, the FBMS Project Sponsor for DOI, said, “The Financial and Business Management System is the foundation of Interior’s plans for establishing a world-class financial management organization, with standard business processes and strong internal controls. We selected IBM because they bring the requisite SAP and business transformation experience to enable us to succeed.”
The project has other objectives, most notably to help the agency develop the workforce skills necessary to run such a comprehensive program and to communicate Interior’s financial and business management efforts both internally and outside the agency.
IBM will act as the prime contractor for the project. In addition to SAP AG headquartered in Waldorf, Germany, team members include Acumen Solutions, Inc.,Vienna, VA; Alta Via Consulting LLC; Compusearch Software Systems, Inc. Dulles, Virginia; Bart & Associates, Inc., McLean, Virginia; Reznick Group, PC, Tysons Corner, Virginia;Science and Technology Research, Inc., of Virginia and Washington Consulting, Inc., Vienna, Virginia.
- Contact Information
- Andy Kendzie
- IBM Media Relations
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