Chantilly, VA (PRWEB) May 13, 2010
Apptis, Inc., a leading provider of essential IT and communications services to key Defense and Civilian agencies, teamed with the Enterprise Services Center (ESC) in a successful implementation of a new financial management system for the National Credit Union Administration (NCUA). The objective of this project, termed Financial Federalization Project (FINFED), transformed the core financial management processes and systems of the agency. The 17-month engagement, valued at over $2 million for Apptis, represents Apptis' competency in providing enterprise resource planning (ERP) services.
The NCUA is the independent federal agency that charters and supervises federal credit unions. Established by the NCUA Office of the Chief Financial Officer, FINFED aims to modify and improve the administration's financial practices so it can perform federal accounting using the U.S. Government's Standard General Ledger at the transaction level with appropriate budgetary and accounting entries.
"Apptis and ESC worked side-by-side to deliver a proven and tailored financial system for the NCUA's specific requirements. This type engagement represents our commitment to provide a trusted value-add to our clients," said Mike Headley, General Manager and Senior Vice President, Transportation Sector. "It was a great honor to partner with the ESC and NCUA on this new venture."
In 2005, the ESC was designated by the Office of Management and Budget as a Federal Financial Management Center of Excellence. The center provides business solutions for federal agencies in the areas of enterprise financial management systems, accounting services, information technology, and procurement. FINFED represents the first of two implementation initiatives for which Apptis and ESC have successfully partnered.
"This initiative calls for a deep understanding not only of the operational factors driving accounting complexity, but also of the technology hurdles which hinder the standardization of the financial management processes," said Derek Chan, Vice President, Civilian Sector. "The NCUA is a new and exciting landscape for Apptis and demonstrates both our technology expertise as well as our experience navigating the terrain within and between federal agencies."
Combining deep experience in federal government with expertise driving the latest innovative technology advancements, such as Cloud Computing, Apptis has been delivering mission critical IT and communication solutions to federal agencies for over 20 years. Apptis defines, optimizes, and implements IT solutions that help our clients achieve their mission. Our core capabilities include Software & System Engineering, Enterprise Management, Network Engineering, Information Assurance, and Program Management. Our accomplished IT professionals deliver mission critical IT and infrastructure services around the world anytime, anywhere. Proven. Trusted. Secure. Apptis is privately held with headquarters in Chantilly, VA. http://www.apptis.com
# # #