MetaPhase Consulting has been awarded a $4 million, two-year contract to provide project and financial management support for the Office of Personnel Management’s (OPM) Financial Operations Management (FOM) office’s Trust Funds Modernization (TFM) project.
OPM planned for this modernization in its fiscal 2018 congressional budget justification, requesting $37 million for it and other IT modernization initiatives in the coming year. Specifically, it would cost $9.4 million for the modernization of the trust fund system, the largest line item in that requested modernization plan.
MetaPhase will support the TFM Project Office in executing processes and activities to modernize the Trust Funds financial system and reengineer business process on time to meet OPM’s financial management information responsibilities, within budget, and in accordance with customer’s requirements and internal policies and procedures and applicable federal mandates, laws and regulations. The new solution will fill existing technology and trust fund business gaps that are preventing OPM from fulfilling strategic goals efficiently and cost effectively.