REDWOOD SHORES, Calif., May 16 / Oracle (NASDAQ:ORCL) today announced that the Oracle E-Business Suite 11i.10 and Oracle's PeopleSoft Enterprise 8.9 financial management applications passed the Federal Systems Integration Office (FSIO) incremental test to retain federal certification. FSIO certification tested software capabilities to meet requirements related to configuration and generation of the Partial 224 (P224) report in accordance with the Department of Treasury's Governmentwide Accounting and Reporting Modernization (GWA) Project. Oracle first passed the Federal Financial Management Systems Software (FMSS) certification test in 1996. Since that time, Oracle continually reinforces its longstanding commitment to the federal financial management user community by retaining full federal compliance for its financial management applications and maintaining Core Financial System Requirements certification. Over 100 federal government organizations run Oracle Applications.
FSIO, formerly known as the Joint Financial Management Improvement Program (JFMIP), resides within the General Services Administration (GSA) and works in cooperation with other federal organizations -- including the Department of Treasury, the Office of Management and Budget (OMB), and the Chief Financial Officer (CFO) Council. FSIO employs a rigorous testing methodology to ensure that federal agencies maintain the highest standards for core financial systems in order to improve federal financial management as well as increase accounting and budget forecasting accuracy.
"Oracle Applications enable government agencies to effectively manage financial performance," said Oracle Public Sector Senior Vice President Mark Johnson. "Fully federally certified since 1996, Oracle remains committed to enabling government agencies to control costs and meet budget challenges with increased oversight."
Oracle Applications -- including the Oracle E-Business Suite and Oracle's PeopleSoft Enterprise -- help federal agencies collaborate more effectively, improve constituent service, enhance administrative efficiency, align human capital with agency objectives and manage financial performance. Specifically, Oracle's financial management product lines provide government agencies with complete visibility into financial information, enable better control over all transactions, increase operational efficiency, and allow agencies to make better decisions based on real-time data.
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Source: Oracle Corporation
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