Financial Management System & Infrastructure Upgrades
PRISM Insight Implementation
In 2021, the Administrative Resource Center’s (ARC) Procurement Division looked to revolutionize its system management capabilities with a focus on federal procurements. Recognizing the need to adapt to a rapidly evolving technological landscape, a project was initiated to implement new procurement tools with modernized analytics, dashboards, and self-service capabilities. This venture resulted in ARC’s deployment of a modernized internal procurement system – PRISM Insight – that eliminates manual reporting, enhances efficiencies, and provides greater financial operations transparency.
Also aware of the changes in today’s digital technology environment, the US Department of Housing and Urban Development (HUD) strategized on ways to deploy financial technology modernizations and turned to ARC for direction. ARC shared their recent successes with the PRISM Insight Implementation and that they were ready to partner with federal agency customers to pave the way for digital transformation.
ARC and HUD engaged in a unified approach to develop a comprehensive suite of automated reports and dashboards encompassing all of HUD’s procurement status tracking needs. Self-service capabilities were launched to empower agency personnel to access real-time reports, foster data-driven decisions, and reduce data defects through the removal of manual processes. ARC diligently worked on designing and building the PRISM Insight tools to ensure they met HUD’s specific requirements through successful interagency working sessions.
With the launch of two successful implementations by early 2024, PRISM Insight is not only automating procurement management functionality, but also revolutionizing management status reporting. The system has the potential to eliminate labor-intensive manual reporting with real-time updates at the end user’s fingertips – freeing up valuable time and resources and ultimately supporting agency goals that focus on more mission specific operations. HUD’s new system tools implementation completed in a phased roll-out; early adopters provided positive feedback on system capabilities, available data, and future visions.
Jimmy Fleming-Scott, HUD’s Chief Procurement Officer, stated, “the partnership between HUD and the Bureau of Fiscal Services Administrative Resource Center to bring PRISM Insight to life in the HUD environment is phenomenal. The addition of PRISM Insight capability to HUD’s Acquisition Program is a game changer. This new functionality will help to revolutionize our program and Department-wide engagement, and the transparency that it will bring to the process long desired outcome to inform data driven management decisions.”
The decision to partner with ARC as an early adopter of PRISM Insight is the catalyst that modernized HUD’s procurement management capabilities, setting a federal precedent for ARC’s customer agencies to adopt the future of digital procurement management.