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.
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.
The Department of Defense (DoD) has awarded TeraThink a prime position on the Improved Dashboard Analytics and Workflow Support (IDAWS) Blanket Purchase Agreement (BPA). We are excited to apply our Information Management and Predictive Analytics expertise to enhance the tools used by DoD for decision support.
This award extends our long history providing financial management expertise to the DoD. Valued an estimated $140M over 5 years, winning this multi-award BPA is a testament to our team’s excellence supporting the DoD.
TeraThink had the pleasure of attending the 2018 Association of Government Accountants (AGA) Professional Development Training (PDT) in Orlando, FL. This massive event had over 2,000 attendees between July 22-25. Our small group included Jim Levitan, Howard Campbell, Leslie Hubbard-Darr, Matt Duffy, Rodney Taylor, Todd Barber, and myself.
This year, traveling to Orlando proved to be more challenging than planned. Many people, including myself, experienced several hours of delays. Even in the midst of a slow start, the AGA managed to pull off a spectacular event. Despite arriving at 2 a.m. due to delays, Gene Dodaro, Comptroller General, GAO demonstrated quick wit and amazing recall of stats throughout the opening plenary session.
The U.S. Department of Agriculture (USDA) awarded TeraThink $10M for Organizational Change Management and Business Process Reengineering. Awarded as part of the USDA Shared Services Lines of Business Solutions (SSLOBS) Blanket Purchase Agreement (BPA), our expansive financial management and modernization experience is directly relevant to USDA objectives. This experience was key to our winning these task orders.
Recently, TeraThink attended CGI’s tenth annual Momentum Ideas Day. This year it took place at the Fairview Park Marriott in Falls Church, VA. In addition to the excellent catering (breakfast, lunch, snacks, coffee, the list goes on and on!) provided throughout the day, there was a lot to learn at this year’s event!
CGI’s Momentum is a full-featured financial and accounting ERP solution focused for the Federal government. Ideas Day allows Momentum users and stakeholders to learn more about the latest Momentum releases. Together, attendees are able to collaboratively discuss existing ideas and brainstorm new ideas for future Momentum enhancements. The day was broken out into multiple sessions to explore various subject areas. Several of my fellow TeraThink colleagues were there so we could attend the varied sessions to gain insight into upcoming Momentum enhancements.
TeraThink recently attended the 2018 Association of Government Accountants (AGA) National Leadership Training (NLT) symposium in Washington D.C. It was our first AGA event since rolling out our expanded offerings after our merger with Dominion Consulting. I attended with Jim Levitan, Howard Campbell, Leslie Hubbard-Darr, Matt Duffy, and Rodney Taylor.
Held February 27-28, the 2018 NLT was one of the largest ever, with 862 participants. The conference served as an excellent platform to learn about the latest trends in Federal financial management in a shared-experience environment. Additionally, it helped showcase TeraThink services at our booth in the exhibitor’s hall.
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.
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.
Reston, VA – January 12, 2016 – At the end of last year, TeraThink was awarded a new contract by the United States Department of Agriculture (USDA) to provide complementary financial management services to the Office of the Chief Financial Officer (OCFO), Associate Chief Financial Officer for Financial Systems (ACFO-FS). TeraThink will be providing expert level support for incident management as well as SAP-specific training with the ultimate goal of creating operational improvements and efficiencies within the Financial Management Modernization Initiative (FMMI) environment. The TeraThink team will deliver superior software development and effective training resources with proven implementation methods including SAP ASAP, Agile, and traditional waterfall programs. Todd Barber, Managing Principal with TeraThink said, “This award is a testament to the excellent value brought to USDA by the TeraThink Team over the last few years. We are extremely proud to continue our ongoing support at OCFO and look forward to the further development of their people and systems.”