4.0 Financial Management

download-pdf

4.1 General Fund Enterprise Business System (GFEBS)
Alexandria, VA
http://www.gfebs.army.mil
703-682-3000

Project Summary
GFEBS integrates financial, real property, cost, and performance data into a Web-based ERP system. GFEBS standardizes business processes and transactional input across the Army, provides real-time visibility of transactions, integrates data, and produces full cost data. GFEBS will enable decision-makers to better leverage current resources and enable better analyses of resource implications for programs and budgets.

Description
GFEBS brings the majority of Army financial and real property management processes into a single system, integrates performance data, and produces full costs. This empowers leaders at all levels to consider the true costs of operations, functions, organizations, and more when making decisions.

GFEBS is being implemented across all three Army components: active Army, ARNG, and USAR. For the first time, the Army will have a single authoritative source for financial and related non-financial data for the entire general fund.

PEO EIS 2012

SGT 1st Class Devon Henry, OCAR (Office of the Chief of Army Reserve) attends a GFEBS Power User Training Class in Alexandria, Va.

Ultimately, GFEBS will replace and/or subsuming more than 80 Army legacy accounting, financial and asset management systems including the Standard Finance System (STANFINS) and Standard Operation and Maintenance Army Research and Development System (SOMARDS). When fully implemented, GFEBS will be one of the world’s largest ERP systems with some 79,000 end users at more than 200 locations around the world and with about a million transactions a day. GFEBS will enable the Army to better manage current and better estimate future budget requirements for the $140+ billion annual expenditures.

Products and Services
GFEBS provides accurate, reliable, and real-time financial and real property data; enables cost management activities; and better enables relating execution and future budget data. GFEBS is a significant step in transforming how the Army does business — moving the Army from a spending to a cost management culture.


About this Report

This report was commissioned by the Content Solutions unit, an independent editorial arm of 1105 Government Information Group. Specific topics are chosen in response to interest from the vendor community; however, sponsors are not guaranteed content contribution or review of content before publication. For more information about 1105 Government Information Group Content Solutions, please email us at GIGCustomMedia@1105govinfo.com