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April 21, 2004

DFAS goes live with final phase of AMS-powered e-Biz financial management system

The US Department of Defense's Defense Finance and Accounting Service has now completed the third and final phase of the deployment of American Management Systems' [AMSY] global enterprise-wide financial management system, e-Biz.

By CBR Staff Writer

The implementation was complete with the final rollout of Momentum, AMS’s commercially available enterprise resource planning suite for government.

Momentum is the heart of the e-Biz system, which supports DFAS by providing an integrated web-based tool for tracking taxpayer dollars from federal budget allocation to payment of personnel and contractors. With the completion of the implementation, e-Biz now supports the full range of financial management functions at DFAS.

As the world’s largest accounting and finance operation, DFAS provides financial services to defense agencies within the department. With the completed system, DFAS officials can now access real-time data on costs and productivity in order to better address inefficient processes and improve value to their customers and the taxpayer.

e-Biz has already improved the process to track and approve time and attendance by more than 50% and reduced requisitioning workflow time from two days to 10 minutes. Additionally, the completion of the eBiz rollout follows DFAS’s fourth consecutive clean opinion from outside auditors, marking a trouble-free audit for the system’s first complete fiscal year. US Federal law requires agencies to undergo independent audits annually.

eBiz is a significant step in ensuring that America’s national security is supported with a world class finance capability that matches our military might in effect and efficiency, said Patrick Shine, acting director of DFAS in a statement.

Under this third phase, AMS installed Momentum modules to support activities related to billing and cost allocation. During the first and second phases of the program, Momentum’s time keeping, general ledger, budget execution and purchasing modules were installed.

The company has implemented financial management solutions for more than 60 federal agencies in total. Momentum is one of only six commercial off-the-shelf software suites certified under the federal government’s Joint Financial Management Improvement Program latest standards.

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AMS recently entered into a definitive merger agreement with CGI Group Inc., through an all-cash tender offer at $19.40 per share. Concurrent with the closing of the tender offer, CACI International has agreed to acquire the assets of AMS’s Defense and Intelligence business for $415 million in cash, subject to certain closing adjustments and conditions.

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