VFA.spendManager® Provides On-demand Spending Reconciliation of More Than $50 Million Across 15 Funding Sources in the United States Department of Defense Agency
BOSTON – July 13, 2010 – VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and spend management, today announced that the Armed Forces Medical Examiner Systems, a component of the Armed Forces Institute of Pathology (AFIP), has selected VFA.spendManager® to automate and manage the capital budget process. VFA.spendManager® will provide real-time data visibility and on-demand spending reconciliation of more than $50 million across 15 funding sources. AFIP is the Department of Defense entity that provides pathology consultation, education and research services to the military.
A lack of standardization in budget-related data makes it difficult for federal agencies to aggregate and track information across multiple funding sources. Providing enhanced control of capital planning and spending, VFA.spendManager® is helping three AFIP groups to improve efficiencies and increase the visibility of the expenditures across the organization, as well as to ensure that capital is being optimized and accurately accounting for how capital is managed and spent. Able to interface with the organization’s existing software and inventory systems, VFA.spendManager® now generates detailed reports across multiple funding sources for improved business intelligence reporting and analysis.
“VFA has helped numerous federal organizations to optimize their investments,” said Jerry Kokos, president and CEO, VFA, Inc. “The AFIP’s adoption of VFA.spendManager validates the solution’s core budget creation and management benefits—sending a clear message that government organizations are ready to implement solutions to optimize capital budgets and spending.”