Since 2016, the Department of Veterans Affairs (VA) has been trying to replace its aging and inefficient legacy financial and acquisition computer system with the Integrated Financial Acquisition Management System (iFAMS).
The iFAMS overhaul is a project of the VA’s Financial Management Business Transformation (FMBT) program.
At a June 20 hearing of the House Veterans’ Affairs Subcommittee on Technology Modernization, committee members conducted a check on FMBT’s progress, with a big focus on how much money the department has already spent and how much more will be needed.
The VA planned several iFAMS starts that were all delayed before the department finally began implementing the cloud-storage system in 2020….