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Monday, September 12, 2005

Bush mandates direct financial apps spending

Recent developments in financial software for government are closely tracking directives that emphasize lines of business, strategic plans and project portfolios. Not only is the Office of Management and Budget steering agencies toward four centers of excellence as shared financial service providers, but also plenty of other organizations are upgrading their core financial platforms. With as many as 13 federal agencies procuring core financial management systems, according to a survey by the Financial Systems Integration Office, it’s critical that new software capabilities help them fulfill their missions. In light of the evolving market for financial applications, experts advised financial software buyers to put greater value on a package’s ability to support the organization’s underlying business processes than on the technology.

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