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New Financial Program Helps City of Los Angeles Operate With Greater Fiscal Responsibility

Posted on: Wednesday, 4 March 2009, 08:05 CST

MCLEAN, Va., March 4 /PRNewswire-USNewswire/ -- The City of Los Angeles has upgraded its financial management software in an effort to give policy makers better visibility and control over the city's finances. In this economic downturn, the upgrade will deliver a real-time view of the city's committed and available funds. The successful upgrade and "go live" of PeopleSoft Enterprise Financial Management 9.0 was announced today by Metaformers, Inc. a Virginia based corporation with offices in San Francisco, CA and London, UK.

"In this tough economic environment, Metaformers is helping us to operate more efficiently and effectively," said Randi Levin, Chief Technology Officer of the City of Los Angeles. "More than a consultant, Metaformers has been our strategic partner, helping us turn our PeopleSoft 9.0 upgrade into an investment that will benefit the city's employees and residents for years to come."

"With the successful upgrade of PeopleSoft Enterprise Financial Management 9.0, the City of Los Angeles is on track for a positive return on investment and significant costs savings," said Ed Bouryng, Metaformers president. "In an economic environment where every dollar counts, the city's leadership continues to show a commitment to increased operational efficiencies and the prudent use of resources."

Los Angeles is the largest city in North America running Oracle's state-of-the-art Enterprise Resource Planning package for financial management. The City of Los Angeles Department of General Services uses PeopleSoft Enterprise Supply Chain Management (SCM) and Financial Management (FMS) for its Supply Management System (SMS), which handles procure-to-pay functions for all departments controlled by the city council. This system has more than 3,000 users and manages more than 10,000 suppliers. The City of Los Angeles has an annual budget in excess of $7 billion.

The City of Los Angeles first engaged Metaformers in 2006 to address critical issues arising from the PeopleSoft Enterprise 8.8 upgrade. "Metaformers' executives put real skin in the game," said Beverley Dembo, Assistant General Manager City of Los Angeles Information Technology Agency. "They stood by us throughout our data cleanup and upgrade, and made our long-term success their top priority."

Following that initial assessment and recommendation for resolution, Metaformers assisted the city with year-end-close support and a full pre-encumbrance and encumbrance data reconciliation effort that successfully went live for the fiscal year 2007 year end. In February 2008 Metaformers was selected to upgrade the City's PeopleSoft Enterprise Financial Management solution to version 9.0. The City determined that an upgrade to Oracle's PeopleSoft Enterprise 9.0 would help maximize ROI and help move them away from customized business processes to the use of the delivered best practices inherent in the PeopleSoft solution.

Throughout this effort, Metaformers worked with the city's executive team to establish the right long-term path to maximize the city's return on its PeopleSoft investment.

Metaformers is a Certified Partner in the Oracle(R) PartnerNetwork.

About Metaformers, Inc.

Metaformers is an enterprise solution architect firm specializing in enterprise strategy and enterprise solutions. The company's focus is generating greater return on investment through strategic change enabled by IT investments and the smart application of best practices tailored to the government, higher education, and commercial sectors. Metaformers is headquartered in McLean, VA with offices in San Francisco, Los Angeles, and London, UK. Metaformers' consultants have an average of 10 years direct experience in delivering best practice solutions in their industries. For more information, visit: http://www.metaformers.com

SOURCE Metaformers, Inc.

Source: PR Newswire

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