Va., July 27, 2023 /PRNewswire/ -- CGI Federal
Inc., the wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE:
GIB) (TSX: GIB.A), announced today that its
Momentum® software is the first commercial core
financial system approved by the U.S. Department of Treasury's
Financial Management Quality Service Management Office (FM QSMO).
CGI Federal's Momentum solution, purpose-built to meet federal
requirements, is now included in the FM QSMO Marketplace and
available to federal agencies on the U.S. General Services
Administration (GSA) Multiple Award Schedule (MAS) under Special
Item Number (SIN) 518210FM for FM QSMO Core Financial Management
(FM) Solutions and IT Professional Services.
"CGI Federal is proud to support the FM QSMO's goal for a
dynamic shared services marketplace," stated CGI Federal
President, Stephanie Mango. "Built
on decades of experience in federal financial management, CGI
Federal is thrilled to be the first commercial vendor to offer a
comprehensive set of financial management solutions and services
for federal customers in the FM QSMO Marketplace."
The FM QSMO Marketplace is a centralized broker of commercial
and federal solutions and services to advance financial management
operations and performance across government agencies. CGI
Federal's Momentum solution provides robust capabilities, ensuring
compliance, streamlining financial management and acquisition
processes, and leveraging analytics and data for critical
"Adding Momentum as a core financial system offering is a
significant step in the continued expansion of the FM QSMO
Marketplace," said Tim Gribben,
Commissioner of Treasury's Bureau of the Fiscal Service.
"Availability of modern cloud and standards based core financial
systems in the Marketplace will directly support agencies that are
planning modernizations over the next few years. We appreciate CGI
Federal's support of the FM QSMO goals and continued commitment to
the federal market."
In use at more than 100 federal government organizations across
all three branches of government, CGI Federal's Momentum solution
is a production-proven system, purpose-built for the federal
government. As a trusted solution that balances standardization
with agencies' needs for flexibility, Momentum is designed to meet
federal mandates with speed and agility. It meets the requirements
of the Treasury's Financial Management Capability Framework (FMCF),
including functionality defined by the Federal Integrated Framework
(FIBF) for Financial Management.
"The Treasury Department's innovative marketplace is bringing
compliant solutions to unique customer needs across the federal
enterprise," says Kerry Canfield,
Vice-President of Consulting at CGI Federal. "CGI Federal is proud
to drive the future of government business with transparent,
accountable and proven solutions."
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, justice,
intelligence, and international affairs missions. Founded in 1976,
CGI is among the largest independent IT and business consulting
services firms in the world. With 91,500 consultants and
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. CGI Fiscal 2022 reported
revenue is $12.87 billion and CGI
shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more
SOURCE CGI Federal, Inc.