SAP Financial Management Software Certified by the Financial Systems Integration Office for Compliance with Federal Standards
WASHINGTON, D.C., - March 15, 2006 - SAP Public Services, Inc., a subsidiary of SAP AG (NYSE: SAP), today announced that its mySAP™ ERP 2005 financial management software has been recertified by the Financial Systems Integration Office (FSIO)—formerly referred to as JFMIP—as meeting their functional requirements for core financial systems. Improving federal financial management systems is critical to increasing accounting and forecasting accuracy for financial and program managers. The FSIO certification validates that mySAP ERP 2005 delivers the integrated business processes and financial management best-practices required by federal agencies to deliver increased visibility and transparency to manage budgets, operations and program performance to help improve the efficiency of services provided by the federal government.
* In this certification test, SAP complied with the expanded FSIO requirements for core financial systems, including the ability to prepare a Partial 224 report (FMS-P224) in accordance with Treasury’s Government-wide Accounting Project (GWA). This new capability allows agencies and Treasury to transition their disbursement and collection systems to a new, more efficient method of processing without sacrificing existing, unconverted data.
* In addition to supporting the FMS-P224, SAP has added functionality in mySAP ERP 2005 to support automated rules-based commitment & obligation splitting, contract integration with funds management, and multi-stage goods acceptance to streamline core financial management processes. mySAP ERP 2005 is tailored for federal agencies and incorporates the appropriate controls for ensuring the accuracy of data entry and completeness and consistency of transaction processing and reporting.
* Since 1999, the FSIO’s rigorous testing methodology has ensured that government financial systems collect accurate, timely and complete information while providing for adequate agency management reporting and supporting the preparation and execution of agency budgets.
mySAP ERP is the world’s leading business software solution, featuring industry-leading business analytics, financials, human capital management, operations, and corporate services applications. More information on mySAP ERP can be found at
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