Certified Under New JFMIP Standards for Federal Agencies

October 12, 2004 by admin

  • As validated by the JFMIP certification, mySAP ERP delivers the tools necessary for federal agencies to monitor budgets, operations and program performance with a single, integrated financial management system.
  • In this incremental certification test, JFMIP expanded its requirements for core financial systems, including the ability to interface with the Central Contractor Registration (CCR) Database as mandated by the Federal Acquisition Regulation (FAR) and the Office of Management and Budget (OMB). In addition, JFMIP verified the recent Treasury updates to the Intra-Governmental Payment and Collection System (IPAC) and the Federal Agencies’ Centralized Trial-Balance System (FACTS II).
  • Improving federal financial management systems is critical to increasing the accountability of financial and program managers. mySAP ERP is tailored for federal agencies and incorporates the appropriate controls for ensuring the accuracy of data entry and completeness and consistency of transaction processing and reporting. The software thus helps increase the efficiency and effectiveness of services provided by the federal government.
  • Since 1999, the JFMIP’s rigorous testing ensures that financial systems collect accurate, timely and complete information while providing for adequate agency management reporting and supporting the preparation and execution of agency budgets.

mySAP ERP is the world’s leading business software solution, featuring industry-leading business analytics, financials, human capital management, operations, and corporate services applications.

Source: SAP AG

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