Financial Management Modernization at the Usda Positively Impacts Mission
Best Practices: A ProveIT Case Study — Financial Management Modernization at the USDA Positively Impacts Mission
F.703 .485.8301
IDC Government Insights: United States Government Services Delivery
BEST PRACTICES Adelaide O'Brien #GI225090
P.703.485.8300
IDC GOVERNMENT INSIGHTS OPINION ProveIT case studies provide government end users with assessments of IT solutions. This ProveIT case study focuses on the United States Department of Agriculture (USDA). Faced with nine different general ledger systems designed specifically to conform to accounting rules and not capable of releasing information on agency spending, the USDA is modernizing its financial systems, integrating purchasing and financial management processes, budget, and programs. IDC Government Insights believes that: ● The need today is greater than ever for improved government financial management and systems performance. Governments manage significant assets including large loan portfolios, grants, building portfolios, land, airplanes, linear assets, and citizen benefits. ● Financial managers are the cornerstone of accountability and transparency, relying on systems to provide timely and reliable financial information, and yet today suffer from the effects of poor data quality because data is often managed in multiple locations and multiple systems within agencies. ● Based on recent audit estimates, federal agencies make more than $100 billion in improper payments annually despite an estimated $3 billion a year in federal spending for financial systems and complex development projects that typically take 8–10 years to complete. ● Improving the cost, quality, and performance of financial management operations and systems is a management priority of the current administration, and must be a priority of all federal agencies.
Worldwide Headquarters: 7600 Leesburg Pike, East Building, Suite 310, Falls Church, VA 22043, USA www.government-insights.com
October 2010, IDC Government Insights
F.703 .485.8301
IDC Government Insights: United States Government Services Delivery
BEST PRACTICES Adelaide O'Brien #GI225090
P.703.485.8300
IDC GOVERNMENT INSIGHTS OPINION ProveIT case studies provide government end users with assessments of IT solutions. This ProveIT case study focuses on the United States Department of Agriculture (USDA). Faced with nine different general ledger systems designed specifically to conform to accounting rules and not capable of releasing information on agency spending, the USDA is modernizing its financial systems, integrating purchasing and financial management processes, budget, and programs. IDC Government Insights believes that: ● The need today is greater than ever for improved government financial management and systems performance. Governments manage significant assets including large loan portfolios, grants, building portfolios, land, airplanes, linear assets, and citizen benefits. ● Financial managers are the cornerstone of accountability and transparency, relying on systems to provide timely and reliable financial information, and yet today suffer from the effects of poor data quality because data is often managed in multiple locations and multiple systems within agencies. ● Based on recent audit estimates, federal agencies make more than $100 billion in improper payments annually despite an estimated $3 billion a year in federal spending for financial systems and complex development projects that typically take 8–10 years to complete. ● Improving the cost, quality, and performance of financial management operations and systems is a management priority of the current administration, and must be a priority of all federal agencies.
Worldwide Headquarters: 7600 Leesburg Pike, East Building, Suite 310, Falls Church, VA 22043, USA www.government-insights.com
October 2010, IDC Government Insights