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January 16, 2006

IBM wins contract with Department of Justice

IT giant IBM has won a contract worth a potential $150 million to streamline and modernize the US Department of Justice's financial management system.

By CBR Staff Writer

Under the agreement, IBM says it will implement an integrated financial management and procurement system based on CGI-AMS’s Momentum software. Components the company expects to install include core accounting/general ledger, financial management reporting, payment management, receivables management, funds management, cost management, and procurement.

According to IBM, with UFMS the US Department of Justice can expect to standardize financial management processes; promote information sharing; enable an enterprise-wide view of the department’s budget and spending, enhance system security; and provide useful information to internal decision makers and legislators.

Companies working alongside IBM on the BPA include: CGI Federal, BEA Systems, BearingPoint, COMSO, Delta Solutions, Nortel PEC, Unisys, Codesoft and Collins Consulting.

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