Posts Tagged ‘Enterprise Finance and Risk’

Join TeraThink At Alfresco’s 2019 Government Summit

2019 Alfresco Government SummitAlfresco is bringing their Alfresco Days series of events back to D.C. again on May 23. The 2019 Alfresco Government Summit focuses on generating discussions around leveraging Alfresco as a platform in the cloud. Specifically, as an open source content services platform living in AWS.

TeraThink will be there again this year to talk about how we make content services work using Alfresco in AWS. We have been leveraging the content services platform (CSP) approach to deploying enterprise content management (ECM) for a few years. During that time, we’ve learned a lot of lessons. We will be bringing that expertise to the Application Platform Revolution Panel moderated by Alfresco founder John Newton.

Before the 23rd, I want to take a few minutes to giving you a preview of some of the thoughts we will be sharing.

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TeraThink Wins Financial Management Systems Information Technology Support Services IDIQ By PBGC

We have been selected as the prime contractor by Pension Benefit Guaranty Corporation (PBGC) for their Financial Management Systems-Information Technology Support Services (FMS-ITSS) contract. This five-year unrestricted single award IDIQ (indefinite-delivery indefinite-quantity) contract, with a $100 million ceiling, represents exciting new work for TeraThink. The award demonstrates the continuing success of our strategy to lead transformation initiatives. We welcome the opportunity to support PBGC in achieving their strategic goals.

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TeraThink Wins Task Order On Veterans Affairs Financial Management Business Transformation Program

Today we are proud to announce that TeraThink has been awarded a $12M single award Task Order from the U.S. Department of Veterans Affairs. We will be performing independent verification and validation (IV&V) services in support of their Financial Management Business Transformation (FMBT) initiative. This multidimensional IV&V support for the VA’s financial business system implementation will utilize CGI’s Momentum® Federal ERP suite. This win demonstrates our long-held reputation for excellent performance delivering Enterprise Resource Planning (ERP) programs.

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TeraThink Awarded a 2-year DHS ICE Large Business Contract

TeraThink was awarded a new contract from the Department of Homeland Security (DHS) – U.S. Immigration and Customs Enforcement (ICE) – Office of Chief Financial Officer (OCFO) for Data Management and Support Services. TeraThink will continue development of a non-proprietary physical data model and archive to be used by ICE. This support includes Program Management and Support, Functional and Data Analysis, Data Modeling, Data Quality Assessment, and Data Cleansing, Data Loading and Validation Processes, Maintaining a Data Dictionary, and Automation.

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TeraThink Wins as Prime for USDA Shared Services BPA

TeraThink has been awarded a prime position on the US Department of Agriculture (USDA) Shared Services Line of Business (SSLoBS) Blanket Purchase Agreement (BPA). An estimated $500 million multi-award BPA, this win is a testament to our team’s 20+ years of continuous delivery and excellence supporting USDA’s mission.

The objective of the SSLoBS BPA is to drive the OCFO’s (Office of the Chief Financial Officer) mission, while providing USDA’s shared service offerings to customers government-wide. The scope of this BPA includes services for Financial Management, Human Resources, Information Technology Services Division, External Systems Development, and Personnel & Pay. These service offerings are designed to eliminate time-consuming, transactional functions and allow agencies to focus on their core mission.

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TeraThink awarded a 3-year $13.5M Large Business Contract after DLA Enterprise Funds Distribution (EFD) Go-Live

TeraThink is the prime integrator for Enterprise Funds Distribution (EFD), which is designed to increase visibility, auditability, and efficiency in the management of distributed funds and Congressional Actions for all Department of Defense (DoD) appropriations.  EFD will be the authoritative source of Budget Line Items (BLI) for the entire life-cycle of all DOD programs.

In May 2017, the TeraThink Team concluded a year-long contract with a successful Go-Live delivered on time and within budget. The Go-Live enabled funds distribution capability for Defense organizations receiving and distributing Defense-wide funding. This effort also included migrating a user organization to EFD, developing outbound interface file formats, and providing custom reports which contain critical budget data. As a result of the successful implementation, our DLA client gave TeraThink an “exceptional” CPARs rating in 4 out of 5 evaluation areas.

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Building Trust in Shared Services

Dominion Consulting's booth at Shared Services SummitWhat is TeraThink’s role in Shared Services and how do we apply it to our solution areas?

I found myself thinking about this question while I attended the AGA/IAC Shared Services Summit last week. Within the industry, most agree with the long term vision of this most recent Shared Services initiative, which is consolidating Financial Management to four approved Federal Shared Service Providers. I listened to a number of excellent speakers talk about the importance of moving to Shared Services, the benefits with respect to minimizing Total Cost of Ownership, bringing efficiencies in how the government operates financial management, and most importantly allowing an agency to “focus on its mission”.

I agree with all of those principles, but I also found a common theme amongst the speakers…the need and want for agencies to do something that is often lost in government…and that is build trust. Trust is something I have often heard from my clients when discussing Shared Services. The thought that “we have been doing this so long, no one else does it like us”, so how can we trust another Federal Agency successful manage our financial management system in a Shared Service environment.

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TeraThink Secures Position as Major ERP Integrator with $29M Navy / The Joint Staff Award

The Naval Supply Systems Command (NAVSUP) awarded The Joint Staff (TJS) Enterprise Business Accountability System (EBAS) Support contract for $29 million to TeraThink Corporation. TeraThink competed against multiple, large system integrators, including the 15 year incumbent, to win this contract. EBAS is a Momentum-based Enterprise Resource Planning (ERP) system that serves as TJS primary budgeting and financial system. Thomas Byers, TeraThink’s Senior Vice President for Defense and National Security Business Unit, states, “We are excited for the opportunity to support The Joint Staff’s critical mission by helping to improve financial visibility and compliance, streamline business operations, and modernize their business systems infrastructure.”

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TeraThink Awarded $18.4 Million Contract for WHS Support

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.

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TeraThink awarded contract with ADM within DOJ

TeraThink was awarded a contract with the Office of Administration (ADM) within the Criminal Division at the Department of Justice (DOJ).  Under this contract, TeraThink will provide financial management support for business process improvement, analysis of accounting records, matching revenue and expense transactions, correct errors while making appropriate corrective transactions, and provide operational support to meet or exceed the requirements set forth.

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