TRS Selects Bridgepoint Consulting for Five-year Business Transformation Program

BPC Press Release

January 18, 2013, Austin, TX — Bridgepoint Consulting, a Texas-based provider of financial, IT and management consulting services, entered into a five-year business transformation engagement with the Teacher Retirement System of Texas (TRS), the largest public retirement system in Texas, to provide an independent program assessment to modernize its administration system. The engagement includes initiatives to enhance and update the internal systems the agency uses to conduct its business operations including pension administration, financial management and other systems that use enterprise data.

“We are thrilled to have been chosen by TRS to partner on this critical, long-term endeavor,” said Michael Johnson, Bridgepoint Consulting principal and project lead, “Our goal is to implement a cost effective, efficient, and sustainable program of business and technological processes that enables TRS to serve the expanding and ever-changing needs of its members,” said Johnson.

Through a series of defined projects, Bridgepoint will provide an independent assessment and provide recommendations and best practices to the TRS Board of Trustees and Executive Director that will improve overall governance and management of the agency. The program will provide for the collection and maintenance of accurate and reliable data, expanding the number of automated processes, and incorporating modern technologies.

The Bridgepoint team of four key members began work with TRS on January 7. The team is engaged on the project through 2017 with an option of two one-year renewals. They will coordinate with all staff, vendors, contractors, and oversight bodies involved with TRS.

“After an extensive six-month RFP process, we selected Bridgepoint because we had the confidence they were the best fit to support TRS’ monumental undertaking” said Brian K. Guthrie, Executive Director, TRS, “We were impressed with Bridgepoint’s experience and knowledge of business and IT transformation and believe their expertise will help us deliver successfully on this important project.

About Bridgepoint Consulting: Bridgepoint Consulting is a leading Texas-based professional services firm that provides strategic services and highly qualified professionals to solve complex financial, management and technology challenges. Since 1999, the company has been helping executives and management teams reduce their business and operational risks, bridge resource gaps and improve overall performance. Bridgepoint has a team of 80+ qualified professionals with offices in Austin, Dallas and Houston.

About TRS: Teacher Retirement System of Texas (TRS) delivers retirement and related benefits that have been authorized by the Texas Legislature, and manages a $112 billion trust fund established to finance member benefits. More than 1.3 million public education and higher education employees and retirees participate in the system.

Contact:

Gina Budd, Dir of Marketing, Bridgepoint Consulting, gbudd@bridgepointconsulting.com, Tel: 512-422-6571

Howard Goldman, Dir of Communications, Teacher Retirement Systems of Texas, howard.goldman@trs.state.tx.us, Tel: 512-542-6508

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