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Financial Management Modernization Program

Financial Management Modernization Program. Gerald Thomas, Director, Financial Management Modernization Task Force Office of the Under Secretary of Defense (Comptroller). Vision.

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Financial Management Modernization Program

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  1. Financial Management Modernization Program Gerald Thomas, Director, Financial Management Modernization Task Force Office of the Under Secretary of Defense (Comptroller)

  2. Vision “The Department of Defense will be managed in an efficient, business-like manner in which relevant, reliable and timely financial information, affirmed by clean audit opinions, is available on a routine basis to support informed decision-making at all levels throughout the Department.”

  3. Processes People Enterprise Architecture Policies Systems Scope

  4. Improved Public Confidence Near-term Improvements Accountability = Manage Using Performance Metrics Execute Management Plan to Attack Problems Stabilize Systems & Initiatives More Funds for the Warfighter Long-term Solutions Efficiency = Reengineer Business Processes to Model Private Sector Establish Defense-wide Standards Simplify Accounting & Reporting Rules Consolidate & Modernize Systems Enhance and/or Augment Financial Management Workforce Approach

  5. Office of Management & Budget Treasury Industry DoD Components Financial Management Working Group Senior Steering Committee Extended Project Assistance Extended Project Team Project Direction Core Project Team Enterprise Architecture Community

  6. Record Accounts Payable Establish Obligation Request Payment Establish Commitment Process Payment Accounting and Finance Systems Typical Procurement Process 8. Clerk inputs receipt into order system 10. Comptroller Certifies Invoice Invoice Certification 2. Supervisor approves request 3. Clerk inputs order into order system Requisition Purchase Order Non-financial Feeder System 4. Comptroller authorizes funds 1. Maintenance worker requests a part Purchase Order Requisition 5. Contracting Officer Awards Contract Contract Non-financial Feeder System 7. Dock worker receives and deliveries part Receiving Report 9. Vendor Sends Invoice 6. Vendor ships part Packing List Invoice Non-financial Feeder System

  7. Systems Environment Tier 3 ??? Systems Tier 2 ?? Systems Tier 1 500+ Systems Core 77 Systems Inefficient and Costly Point of Entry Statements & Reports Jeopardizes Reliability and Timeliness

  8. FY 2002 FY 2003 Schedule

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