The Washington Headquarters Services has awarded the $18.4 million System Operations, Maintenance, and Enhancement Services (SOMES) contract to TeraThink to support the their Enterprise Business Accountability System.
Under the contract, TeraThink will provide program management, systems integration and sustainment, and organizational change management and training support for WHS Enterprise Business Accountability System – Defense (EBAS-D) Momentum business system environment. This 3-year contract will allow TeraThink to continue to deliver world class, agile enterprise resource planning (ERP) support services to WHS and their Office of the Secretary of Defense (OSD) customer base.
This award comes on the heels of WHS’ recent go-live with a continuous transaction monitoring solution to monitor WHS financial transactions, to improve financial governance, identify accounting errors, and improve the accuracy of financial reporting by identifying exceptions as they occur. The prior WHS governance, risk & compliance (GRC) user provisioning compliance release, combined with this transaction monitoring release, provides WHS strengthened segregation of duties (SoD) compliance, highlighting inappropriate access and user activity, while this release provides WHS GRC users with increased transparency for transaction monitoring to minimize potential fraud. TeraThink’s “speed to capability” deployment demonstrates how a proven GRC solution will help support audit readiness efforts, reduce the risk of fraud all through an attainable and cost effective approach.