CIBER Lands Contract for California State Teachers' Retirement System

IBER, Inc. CBR is working with the California State Teachers' Retirement System to implement the SAP ERP Financials solution. The move will enable CalSTRS to streamline processes and adopt best practices to provide decision makers more accurate data and reduce operational risk for the 852,000 public school teachers served by the organization. In what is projected to be a 24-month engagement, CIBER will install SAP applications to modernize CalSTRS systems for financial reporting and general ledger, accounts payable and accounts receivable, cash management, budgeting, taxes and procurement. "The new solution will allow the pension fund organization to become one of the most competitive financial firms in the industry," said Tom Augustine, director, SAP Practice, CIBER.