The Association of Government Accountants published its most recent whitepaper summarizing the January 11, 2011 Financial Systems Summit. The report provides a narrative account of the summit presentations by OMB, Treasury, participating federal agencies and the private sector.
Federal Financial Management Systems: A New Reality
A Report on the Federal Financial Systems Summit, January 11, 2011
At the summit Office of Management and Budget Controller, Danny Werfel, and Chief Information Officer, Vivek Kundra, outlined the way forward for federal financial management systems acquisition projects.
The message was clear: the age of massive system implementations is over. The future course will be one of smaller-scale projects with clearly defined deliverables and timeframes.
As the government financial management profession's thought leader, AGA brought together federal financial management professionals and their private-sector counterparts to discuss the challenges and to pave the way forward in what Werfel calls "the new reality."
Download the White Paper (PDF) Here...