FAIRFAX,
Va., Aug. 31, 2022 /PRNewswire/ -- As federal
agencies modernize their systems to process intragovernmental
Buy/Sell transactions, CGI Federal has upgraded nearly 20
federal government clients in the past year to the latest versions
of its ERP solution Momentum®, providing customers the
functionality needed to comply with the latest federal mandates.
This upgrade allows federal agencies to fully interact with the new
U.S. Treasury Government-Invoicing (G-Invoicing) platform with full
serviceability for their mission-critical operations, including
creating and storing interagency agreements, creating orders,
tracking performance and transferring funds.
CGI Federal has worked closely with the U.S. Treasury Department
since 2019 in the creation of the latest requirements and included
this G-Invoicing functionality, along with operational updates to
its Momentum customers across all supported releases. Momentum
customers benefit from full automation of all G-Invoicing
processes, including general terms and conditions integration, pull
only and push/pull order integration models and full support of the
related billing, collecting, payment, adjustment and accrual
processes. The latest release also enhances the supporting Momentum
functionality for reimbursable agreement management, including
G-Invoicing components.
"Implementing mandatory G-Invoicing processes creates a daunting
challenge for many federal agencies," said John B. Owens II, Senior Vice-President and
Enterprise Solutions Group lead at CGI Federal. "As we move forward
in supporting our clients with G-Invoicing implementations to keep
up with the October 1
federally-mandated deadline, we continue to enhance Momentum's
functionality to best support evolving business processes. CGI
Federal's Momentum product team proactively monitors Treasury
post-mandate enhancements so that our built-for-government ERP
solution continues to keep pace with future Treasury changes."
About CGI Federal
CGI Federal Inc., a wholly-owned U.S. operating subsidiary of
CGI Inc., is dedicated to partnering with federal agencies to
provide solutions for defense, civilian, healthcare and
intelligence missions. Founded in 1976, CGI is among the largest IT
and business consulting services firms in the world. With 88,500
consultants and other professionals across the globe, CGI delivers
an end-to-end portfolio of capabilities, from strategic IT and
business consulting to systems integration, managed IT and business
process services and intellectual property solutions. CGI works
with clients through a local relationship model complemented by a
global delivery network that helps clients digitally transform
their organizations and accelerate results. With Fiscal 2021
reported revenue of C$12.13 billion,
CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn
more at cgi.com.
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SOURCE CGI Federal, Inc.