Interior tabs BearingPoint for finance systems

Interior Department

Related Links

Interior Department officials selected BearingPoint Inc. to provide a financial management system in a contract worth an estimated $124.9 million.

BearingPoint will have up to 10 years to develop Interior's financial and business management system (FBMS). According to Interior officials, back office systems are the highest priority among new information technology programs.

"Implementation of the FBMS is a key to the department's modernization of its financial and business management processes and operations," said Lynn Scarlett, Interior's assistant secretary for policy, management and budget.

BearingPoint's job will cover financial management intergration, acquisition, property management and grant administration programs for Interior, which has 16 systems to be merged into a single structure.

The new system will enable more accurate and timely decisions while assuring financial accountability for the department's 70,000 employees, officials said.

Interior officials report that developmental meetings have already begun with BearingPoint and that the new project is moving forward after years of planning and passing the funding approval process.

"I am delighted that we can now begin this important work to move toward our future," Scarlett said.

Featured

  • Telecommunications
    Stock photo ID: 658810513 By asharkyu

    GSA extends EIS deadline to 2023

    Agencies are getting up to three more years on existing telecom contracts before having to shift to the $50 billion Enterprise Infrastructure Solutions vehicle.

  • Workforce
    Shutterstock image ID: 569172169 By Zenzen

    OMB looks to retrain feds to fill cyber needs

    The federal government is taking steps to fill high-demand, skills-gap positions in tech by retraining employees already working within agencies without a cyber or IT background.

  • Acquisition
    GSA Headquarters (Photo by Rena Schild/Shutterstock)

    GSA to consolidate multiple award schedules

    The General Services Administration plans to consolidate dozens of its buying schedules across product areas including IT and services to reduce duplication.

Stay Connected

FCW Update

Sign up for our newsletter.

I agree to this site's Privacy Policy.