This Oracle Federal Financials implementation replaces and modernizes various accounting systems with a single, standardized system. The internal system will be upgraded to Oracle Financials 11i, eliminating redundant accounting systems. This project will allow the client to meet government financial regulations including the Joint Financial Management Improvement Program (JFMIP) and the Federal Financial Management Improvement Act of 1996 (FFMIA).
Oracle Applications v.11.5.9
- Data Warehouse
- Desktop Support
- Social Media
- Configuration Management
- Automated Testing
- End-User Training
- General Ledger
- Accounts Payable
- Accounts Receivable
- Cash Management
- Federal Administration
Our client has undertaken a strategic effort to improve their systems for accounting, financial management, and internal controls. This initiative will mesh the concurrent development of two major projects:
- The development of an integrated general ledger accounting system that incorporates the financial data of every project contractor into the integrated financial system
- A complete replacement of their accounting system, the Financial Accounting Control System (FACS)
Our team is supporting both aspects of the project with a group of highly experienced consultants for the full lifecycle of the implementation and ongoing production support services. We are the largest subcontractor on the project, helping our partner successfully implement the project and roll it out to various project contractors.
Currently, our team is participating in all aspects of the functional and technical solution.
Functional areas include:
- Data Warehousing, Network Administration, Desktop Support, Configuration Management, Automated Testing and End-User Training.)
Oracle modules supported include:
- General Ledger, Accounts Payable, Accounts Receivable, Purchasing, Cash Management, and Federal Administration.)
The Squires Group team has been deeply involved in various critical stages of the implementation – project management, business analysis functional support, technical development, testing, contractor training, production support, infrastructure support, and configuration management.
Due to the efforts of the Squires team, the client has been able to meet an aggressive delivery schedule and keep the project on track. This has been possible because The Squires Group has rapidly assembled small, local project teams of analysts, developers, testers, and trainers.
To date, we have been able to quickly identify and deliver a staff of over 40 highly experienced consultants with expertise in Oracle Federal Financials. We continue to support the project in every phase of the system development lifecycle. This support includes the ongoing maintenance and quarterly enhancement of the production system our work includes an automated solution for the configuration and set-ups of Oracle Financials. This unique approach saved the client hundreds of man-hours and over $2 million of their project budget.
As of May 2010, production supports have enabled the tracking of contractor-disbursed benefit expenses. The production also supports processing of grants activity and parallel production of the client’s financial statements. The client continues its efforts to fully analyze accounting requirements and business processes toward the end goal of a full FACS system replacement.