New Financial Software Out

nferris@govexec.com

A fast-growing supplier of packaged human resources and accounting software wants to sell its financial systems to federal agencies. PeopleSoft Inc. of Pleasanton, Calif., announced last week that it will customize its PeopleSoft Financials software for the federal environment and apply for a GSA schedule contract.

Agencies seeking to replace their core accounting systems must acquire them through GSA's Financial Management Systems Software schedule. Products on the schedule must carry out minimum functions specified by the Joint Financial Management Improvement Program (JFMIP). Nine companies currently hold schedule contracts.

Most of the 1997 schedule contractors are oriented more toward providing professional and technical services than packaged software. Jeffrey Carr, vice president for PeopleSoft Federal in Bethesda, Md., said his company would approach the federal market differently.

"Our goal is to deliver an 80 percent COTS solution," Carr said, referring to commercial off-the-shelf software that requires little modification for each customer's use. At the same time, PeopleSoft will meet federal needs such as Prompt Payment Act controls, appropriations tags, and interfaces with Treasury payment systems.

Unlike some of its competitors, Carr said, PeopleSoft does not charge customers extra for software upgrades if the customer buys a maintenance contract. Maintenance services are free with the first year's software license.

Andersen Consulting is PeopleSoft's partner in developing the federal package, which presents a Windows face to users and runs on several kinds of networks. It will come with add-ons to help agencies set up workflows, data connections and access controls.

Carr said PeopleSoft plans to show up on the 1998 GSA schedule. "The timing is perfect" for a new entrant into the federal market for financial systems, Carr said, because of federal management reforms such as the Government Performance and Results Act that are forcing agencies to strengthen the connections between their spending and their objectives and to improve financial reporting. PeopleSoft Financials, which already is on the market in a non-federal form, also is Year 2000-ready, unlike many of the mainframe-based systems agencies are using today, and it works with electronic commerce systems.

The PeopleSoft announcement came days before a high-visibility introduction of a new version of Oracle Corp.'s U.S. Federal Financials. This week, the database company is slated to unveil its product suite, which already has been certified for inclusion on the current FMSS schedule, company officials said.

Meanwhile, the Chief Financial Officers Council is weighing the report of a special task force that reviewed the financial systems schedule program. Created to consider widespread complaints about the program, the task force recommended that it be continued in a modifed form, and no longer be mandatory.

The Joint Systems Solutions Team's decision paper called for:

  • More frequent updates of the system requirements mandated by JFMIP.
  • More thorough and open testing of candidate software.
  • Streamlining the process for both agencies and vendors.
The team recommended that a program management office be established within JFMIP to ensure continuity and improve the effectiveness of the financial systems schedule program. It said the schedule should be changed to a task order contracting vehicle run by GSA.
Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Sponsored by G Suite

    Cross-Agency Teamwork, Anytime and Anywhere

    Dan McCrae, director of IT service delivery division, National Oceanic and Atmospheric Administration (NOAA)

    Download
  • Data-Centric Security vs. Database-Level Security

    Database-level encryption had its origins in the 1990s and early 2000s in response to very basic risks which largely revolved around the theft of servers, backup tapes and other physical-layer assets. As noted in Verizon’s 2014, Data Breach Investigations Report (DBIR)1, threats today are far more advanced and dangerous.

    Download
  • Sponsored by One Identity

    One Nation Under Guard: Securing User Identities Across State and Local Government

    In 2016, the government can expect even more sophisticated threats on the horizon, making it all the more imperative that agencies enforce proper identity and access management (IAM) practices. In order to better measure the current state of IAM at the state and local level, Government Business Council (GBC) conducted an in-depth research study of state and local employees.

    Download
  • Sponsored by Aquilent

    The Next Federal Evolution of Cloud

    This GBC report explains the evolution of cloud computing in federal government, and provides an outlook for the future of the cloud in government IT.

    Download
  • Sponsored by LTC Partners, administrators of the Federal Long Term Care Insurance Program

    Approaching the Brink of Federal Retirement

    Approximately 10,000 baby boomers are reaching retirement age per day, and a growing number of federal employees are preparing themselves for the next chapter of their lives. Learn how to tackle the challenges that today's workforce faces in laying the groundwork for a smooth and secure retirement.

    Download
  • Sponsored by Hewlett Packard Enterprise

    Cyber Defense 101: Arming the Next Generation of Government Employees

    Read this issue brief to learn about the sector's most potent challenges in the new cyber landscape and how government organizations are building a robust, threat-aware infrastructure

    Download
  • Sponsored by Aquilent

    GBC Issue Brief: Cultivating Digital Services in the Federal Landscape

    Read this GBC issue brief to learn more about the current state of digital services in the government, and how key players are pushing enhancements towards a user-centric approach.

    Download

When you download a report, your information may be shared with the underwriters of that document.