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Thursday, March 09, 2006

InformationWeek | Government IT | Financial Management Still a Challenge, Senate Employee Says | March 7, 2006

"The government is trying to standardize financial business processes and data models and promote data exchange among agencies. But, when forced to rely on outdated technology, that's hard to do, a federal financial manager says.

Even with a Line of Business devoted to the cause, federal agencies have a long way to go to get financial-management systems up to par, says David Salem, financial manager for the Office of the Sergeant at Arms in the U.S. Senate, at the Fose show.

'So often [agencies] rely on these old mainframes for maintaining finances and tracking expenses,' he says. 'There's so much that still needs to be done to get these systems to where they need to be.'

The administration made financial management a priority by launching a Line of Business dedicated to a governmentwide financial-management solution that standardizes business processes and data models, promotes seamless data exchange between federal agencies,and strengthens internal controls. "

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