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Release: 00-280

NASA selects new financial management software

NASA has selected SAP Public Sector and Education, Inc. of Washington, D.C., to deliver a commercial off-the-shelf accounting system to replace 10 different systems now used by NASA field centers.

The award will be made by exercising options for software and associated annual maintenance under an existing General Services Administration (GSA) Schedule Contract delivery/task order with SAP. The initial award for the software and the first year of maintenance is $6.67 million.

The standardized system SAP delivers under the firm, fixed-price contract will have several benefits for NASA:

• It will provide timely, consistent, and reliable information for management decisions.
• It will improve NASA’s accountability and enable full cost management.
• It will enable NASA to achieve efficiencies and operate effectively.
• It will serve as the infrastructure that will allow NASA to exchange information with customers and stakeholders.
• It will help NASA attract and retain a world-class workforce by enabling employees to do their jobs more effectively.

The Core Financial Software will support NASA's Integrated Financial Management Program (IFMP), Core Financial Project. It consists of the following components: standard general ledger, accounts receivable, accounts payable, budget execution, purchasing, fixed assets, project accounting, and cost allocation. The Core Financial Project serves as the backbone of the IFM Program and is the first active project under IFMP.

A team of NASA employees from across the Agency skilled in accounting, procurement and information technology has been brought together at Marshall Space Flight Center to implement the pilot program, and to support the implementation at other NASA locations.