Financial System Upgrade

Topics: Risk management, Cost, Costs Pages: 4 (1210 words) Published: May 3, 2013
TO: Cheri Tyner FROM: Vincent R Gibson DATE: March 17, 2013 SUBJECT: Immigration Customs Enforcement Core Financial System Modernization Upgrade In support of the Immigration Customs Enforcement (ICE) agency’s Core Financial System (CFS) Modernization effort, this memorandum seeks to clarify current financial management capabilities and gaps as well as identify and analyze options for improving or replacing the enterprise CFS architecture. More specifically, the objective is to determine the recommended course of action that will most effectively improve the performance, reporting, and compliance of the CFS environment to promote financial stewardship and more fully support the ICE mission. Background: ICE relies on the Core Financial System to provide the accounting of financial transactions and maintain financial management activities for ICE and its Department of Homeland Security (DHS) component customers. The CFS has been used by at ICE since its inception in 2003 and Savantage Financial Services, Inc. is the service provider. The CFS is a proprietary COTS software solution with a full suite of applications designed to be a Federal ERP Solution. The CFS had several goals and objectives to include by not limited to: Increase analytic capability, Enhanced Intelligence, Information sharing, Integration operation, and Promote efficiencies. Current Situation: ICE’s Office of the Chief Financial Officer (OCIO) operates and maintains the CFS, which supports financial management activities and processes for ICE and five other DHS components. While the CFS supports a multitude of processes and interacts with many systems across the DHS organization, the focus of the CFS modernization effort is initially on the core financial activities. The core processes include System Management, General Ledger, Payment Management, Receivables Management, Cost Management, Funds Balance with US Treasury and Reporting. The determination of core processes was elicited...
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