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.”
TeraThink Corporation and Infor, the industry cloud company, announced April 17, 2015 the completion of the first ever successful deployment of Infor Approva Continuous Monitoring for Governance, Risk, and Compliance (GRC) in the Department of Defense for Washington Headquarters Services (WHS).
WHS’ Financial Management Directorate required a proactive audit readiness solution for their Enterprise Business Accountability System- Defense (EBAS-D). TeraThink was selected to design a commercial off-the-shelf solution to provide continuous monitoring of the EBAS-D Enterprise Resource Planning (ERP) system. Infor Approva was chosen for its ability to provide continuous monitoring of application security and transactions for Segregation of Duties violations and exceptions.