SO-OCFO-FSSP-Pegasys

USDA currently operates a shared-services financial operation providing a Commercial-off-the-Shelf (COTS) financial system (in a private-vendor hosted environment), financial transaction processing, and financial analysis. USDA also utilizes this shared-service operation to cross service dozens of external client agencies. USDA serves as the manager of a private/public partnership providing IT hosting of a FSIO-certified core financial system, while enabling client agencies to adopt and leverage Government-wide standardized business processes and data and economies of scale and skill. USDA also has the capability to offer additional value-added services to agencies, beyond just core financial management system functions. The current customer base consists of the US General Services Administration and over 40 external client agencies. Dozens of financial management client agencies are successfully using the Pegasys application as their financial management system of record. The implementation of Pegasys created two distinct FMLOB offerings for USDA and having the two offerings increases competition within the shared services space and, in turn, increases USDA's ability to facilitate stronger internal controls. The Pegasys Financial System (PFS) project has supported the USDA's mission by adding another efficient, effective and secure financial system that enhances departmental business capabilities by streamlining business processes and providing enhanced integration, accountability, audit ability and internal controls. Specific benefits include: address legacy system support and material weaknesses; deliver an integrated/real-time financial system with on-demand query capabilities; streamline the financial-business processes; provide data integrity, reliability, consistency and sharing across USDA and client agencies; improve financial integration, compliance, accountability internal controls and the ability to audit transactions; comply and integrate with Federal accounting/system standards and mandates. PFS is aligned with USDA's Enterprise Architecture strategy of modernizing its IT infrastructure to enhance efficiency and to reduce redundancy, as well as provide more tailored solutions for a wide variety of government agencies. USDA PFS can provide the most appropriate solution for the hundreds of small to medium sized agencies in the federal government. Life cycle cost projections include minor technology refreshments that may be required for new functionality or requirements gaps. The average annual cost for PFS is $35.13 million a year which includes hardware, software, services and full-time employees. The PFS project leverages innovative techniques for both the technology platform and management of the PFS project. Most importantly, the greatest long-term return on investment (ROI) will be achieved through increased competition among agencies providing FMLOB services. Creating a more competitive environment is achieved through transparency and standardization. Investing in Pegasys will help achieve many of the strategic goals laid out by USDA and will create positive ROI for USDA and the Federal Government.

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