CGI(US:GIB) Prnewswire·2025-08-27 10:58Core Insights - CGI Federal Inc. has successfully deployed the Integrated Financial and Acquisition Management System (iFAMS) for the U.S. Department of Veterans Affairs (VA), marking significant progress in optimizing VA's business processes [1][2] - iFAMS is designed to standardize and automate VA's financial and acquisition processes, ultimately replacing five existing systems and enhancing service delivery and operational efficiency [2][5] - The Momentum® Enterprise Suite, which powers iFAMS, is the first core financial management system approved for the U.S. Department of the Treasury's Financial Management Quality Service Management Office marketplace [3] Implementation and Features - The deployment of iFAMS includes waves 7 and 8, which involve the Loan Guaranty Program and the first group of Veterans Health Administration users [1] - iFAMS has processed over 11 million transactions and US$18 billion in Treasury disbursements, supporting US$39.9 billion in contracting dollars [5] - The solution enhances transparency, accuracy, and reliability of financial information, thereby improving data-driven decision-making and fiscal accountability [5] Technological Advancements - CGI is leveraging AI and open-source technologies within the Momentum solution to reduce total cost of ownership and improve system performance [4] - The architecture of the solution allows VA to adopt new technologies more efficiently, contributing to an agile operational environment [4] - CGI continues to invest in the Momentum Enterprise Suite, incorporating user feedback from across government branches to enhance its capabilities [5]