| [May 13, 2008] |
 |
BearingPoint Completes HR & Payroll Modernization Project for North Carolina
MCLEAN, Va. --(Business Wire)-- BearingPoint, Inc. (NYSE:BE), one of the world's largest management and technology consulting firms, today announced the successful implementation of a new human resources and payroll computer system for the State of North Carolina.
The new integrated system, named BEACON (Building Enterprise Access for North Carolina's Core Operation Needs), replaced North Carolina's antiquated 30-year-old human resource and payroll computer systems with advanced technology that eliminates most paper forms and gives state employees the ability to view and change personal information online. Nearly 86,000 state employees can now perform a variety of typical functions with just a few clicks of a mouse. Benefits of the new system include:
-- Employee self-service to change items such as home address, phone numbers and emergency contact information
-- Ability to view and print both current and past paycheck details online
-- Enhanced privacy and security of data, including randomly generated Employee Identification numbers (phasing out the use of Social Security Numbers for employee ID's)
-- Improved accuracy of employee data achieved by standardizing information and processes from three separate legacy systems into one new integrated system
-- Increased opportunities for consistency across state agencies in policies and practices based on new standards introduced with the software
BearingPoint was awarded a $28 million, two-year contract in September of 2006 to act as systems integrator for the modernization project, including responsibility for program management and implementation for BEACON, which was built using SAP NetWeaver(R). The system had a successful go-live for its first phase in January 2008, and the second phase and final go-live was completed in April 2008.
"BEACON is about providing employees with new tools and information to better manage their work, better manage their personal information and better manage their careers," said State Controller Robert L. Powell. "BearingPoint worked with the state to help complete this project on time and in budget. With the successful go-live, BEACON will strongly benefit our employees and citizens through more efficient business operations."
"A good partnership and working relationship with the state certainly helped make the launch of project BEACON a success," said Cathy Pomanti, executive vice president for BearingPoint's State and Local government practice. "This is just the latest example of where BearingPoint has helped modernize complex systems like these for state governments nationwide, including a recently completed pension administration system for the North Carolina Department of the Treasurer, as well as similar systems in Georgia and Louisiana."
About BearingPoint, Inc.
BearingPoint, Inc. (NYSE:BE) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in more than 50 countries worldwide. Based in McLean, Va., the firm has more than 16,000 employees focusing on the Public Services, Commercial Services and Financial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to "next-generation" technology. For more information, visit the Company's Web site at www.BearingPoint.com.
Some of the statements in this press release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, estimates and projections. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
[ Back To TMCnet.com's Homepage ]
|
INDUSTRIES
Activate Email 
INDUSTRIES
Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 1-3, 2009. Los Angeles, CA.
