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Home > Corporate > News and Events > Headlines 2007

QSSI Awarded ERP/Financial Systems Management Prime Contract at HUD

Columbia, MD – February 22 , 2007 - The Department of Housing and Urban Development (HUD) has selected QSSI as the prime contractor for Phase 3 of the Federal Housing Administration Subsidiary Ledger (FHASL) program. Already in production with PeopleSoft Financials version 8.8 with PeopleTools version 8.45.06, FHASL Phase 3 is a 2-year contract that includes the additional implementation of Credit Subsidy, Cash and Funds Control, and integration of the remaining Federal Housing Administration (FHA) financial management functions into the PeopleSoft application.

Currently, QSSI supports HUD’s FHASL project—an Enterprise Resource Planning (ERP) Financials effort providing benefits such as:

Accepting Accounting Principals (FedGAAP)
Addressing a current material weakness under Office of Management and Budget (OMB)
Complying with Circular A-127, Policies and Standards for Financial Management Systems
Addressing material weaknesses as identified in financial statement audits since 1998
Supporting Joint Financial Management Improvement Program (JFMIP) compliance
Supporting the Presidential Management Agenda.

QSSI is currently developing interfaces from multiple legacy systems. One of these is in support of a Presidential Management Agenda item to consolidate all Purchasing data into a central data warehouse. Another interface converts the accounting for processing of disbursement information. QSSI also functions as the Project Management Office (PMO), providing oversight and management of the other five contractors working on the FHASL project. Overall, QSSI’s FHASL scope of work includes development, testing, conversion and post-production support for FHA’s enterprise solution.

“QSSI has successfully partnered with HUD for over six years on several contract awards. We are committed to support our HUD clients at FHA for successful completion of this project”, said Alex Cina, Executive Vice President at QSSI.

“The HUD FHASL win demonstrates QSSI’s continued focus on delivering high value IT Solutions to our Government customers. Financial Management Systems and Security Solutions are key elements of our growth strategy”, said Bikram Bakshi, President of QSSI.

For additional information, please contact:
Alex Cina
301-977-7884

acina@qssinc.com