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11:04 pm, September 1, 2014

Financial Management News

Treasury begins shared services quest to educate, integrate

The Office of Financial Innovation and Transformation issued two RFIs in the last few weeks. One announced an industry day for May 21, and the other is looking for ideas to improve how the government manages and integrates data from different systems.

Thursday - 05/08/2014, 04:08am EDT
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USDA joins the ranks of the financial shared services providers

The Office of Management and Budget and the Treasury Department Friday announced they recertified the departments of Interior, Treasury and Transportation and added USDA to be the support pylons of its financial management shared services initiative. GSA is no longer an approved provider, and it's unclear where its 44 customers will migrate to next.

Monday - 05/05/2014, 04:59am EDT

Treasury figuring out how the shared services pieces fit into governmentwide puzzle

In part 3 of our special report, Shared Services Revisited, Federal News Radio explores the administration's plans to ensure success in consolidating and standardizing financial systems this time around. Beth Angerman, director of Treasury's Office of Financial Innovation and Transformation (OFIT), said the goal is creating a repeatable, sustainable process for agencies to move to federal financial management providers. Over the next six months, Treasury and OMB must answer many of the outstanding questions about how this initiative will truly work.

Thursday - 04/10/2014, 04:26am EDT
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Financial management providers ill-equipped to take on large customers

In our special report, Shared Services Revisited, OMB still must solve long-standing challenges to ensure federal providers are capable of bringing on large, cabinet level agencies. The role of the private sector is leaving some vendors unhappy, but officials say history shows their success rate with financial management system implementation to be poor.

Wednesday - 04/09/2014, 04:11am EDT
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Jason Miller, Executive Editor, Federal News Radio

The Office of Management and Budget makes a second attempt to move agencies to financial management shared services. The agency faces stubborn obstacles: lack of competition, the uncertainty of whether the federal providers are able to handle the increase in business and how to best ensure agencies are satisfied with its services. But OMB believes the second time around will be different. The administration says budget concerns and technology advancements will help overcome these long-standing challenges. In part one of his special series, Shared Services Revisited, Federal News Radio Executive Editor Jason Miller looks at whether unanswered questions would doom shared services again. Read Federal News Radio's related article.

Tuesday - 04/08/2014, 09:43am EDT
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Familiar questions, few answers so far for OMB's latest financial systems effort

In part 1 of Federal News Radio's special report, this second attempt by OMB to move agencies to financial management shared services is fraught with the same obstacles of a decade ago. But OMB believes this attempt at shared services is different. The administration says budget concerns and technology advancements will help overcome these long-standing barriers.

Tuesday - 04/08/2014, 04:43am EDT
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Inside the Reporter's Notebook: DoD taking own path with cloud security, Treasury's Reger joins OMB

In this week's Inside the Reporter's Notebook, Executive Editor Jason Miller explores how DoD is developing its cloud security standards and Treasury is filling a financial management void.

Friday - 03/28/2014, 02:31pm EDT

Engagement & leadership development across the federal workforce

Fred Steckler, the CAO at the US. Patent and Trademark Office, discusses his agency's number one ranking in the latest Best Places to Work in Government survey, and Deloitte's David Dye and Katherine Ryan talk about employee management and how to engage the workforce.
March 21, 2014

Friday - 03/21/2014, 05:37pm EDT
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Col. Chris Cross, director, Science and Technology Division in the Army's Capabilities Integration Center

An update about how robotic, unmanned vehicles will augment brigades of the future.

Thursday - 03/20/2014, 09:37am EDT
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Army prepares to undergo its first large-scale financial audit

The Army hopes to follow behind the Marine Corps in successfully passing a partial audit of its financial statements. While the service acknowledges it's unlikely to get a clean opinion on the first go-round, it is confident enough in its internal controls to give it a try.

Thursday - 03/20/2014, 05:08am EDT
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Yellen to put Fed's new leadership on display

Yellen's first meeting as Fed leader expected to lead to further pullback in economic stimulus

Tuesday - 03/18/2014, 03:30pm EDT

Who are the winners and losers in the 2015 budget?

Cameron Leuthy, senior budget analyst at Bloomberg Government, will give us his take on the President's 2015 budget request.
March 11, 2014

Tuesday - 03/11/2014, 09:28pm EDT
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Time to fix the federal spending house of (reporting) horrors

Despite the billions spent investing in systems, financial processes are such that when you add up all the layers, it takes something akin to archaeology for a citizen to unearth a specific fact about where and how money was spent, says Federal News Radio host Tom Temin.

Tuesday - 03/04/2014, 12:46pm EST

SES shakeup and more

Senior Executives Association President Carol Bonosaro, and Federal Timres reporters Sean Reilly and Andy Medici, will discuss legislation introduced in the U.S. House, that would make it easier for agency leaders to fire senior executives.
February 19, 2014

Wednesday - 02/19/2014, 05:39pm EST
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Borras leaves DHS more integrated, on better financial path

Rafael Borras spent the last four years as the undersecretary of management for the Homeland Security Department before leaving Feb. 7. He said his goal was to make DHS more business-like by making it easier to apply data to decisions. Under Borras' leadership, DHS launched the Management Cube and received its first-ever clean financial audit opinion.

Wednesday - 02/19/2014, 03:58am EST
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How to improve cybersecurity through acquisition

Emile Monette, senior advisor for Cybersecurity for GSA's Office of Mission Assurance, and Carter Schoenberg, director of Cyber Security Services at CALIBRE systems, join host John Gilroy to talk about how to use the acquisition process to improve cybersecurity at your agency.
February 18, 2014

Tuesday - 02/18/2014, 09:08pm EST
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DoD plans dry-run financial audit for 2015

The entire military must pass a financial audit by 2017, and the military services have made slow, uneven progress toward that goal. The Pentagon plans to conduct a partial audit of the entire department next year to identify weaknesses and areas in which it should focus its energy.

Wednesday - 02/12/2014, 05:20am EST
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DoD on track to reach auditability

Host Francis Rose talked to Mark Easton, deputy chief financial officer at the Defense Department, about DoD's efforts to reach auditability.

Wednesday - 02/05/2014, 05:10pm EST
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Congress made the cuts, not the President

On this week's Capital Impact show, Bloomberg Government analysts discuss cuts made by Congress to the defense budget, and the winners and losers in this budget battle.
January 23, 2014

Thursday - 01/23/2014, 05:25pm EST
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E-Gov Fund continues to stand alone, gets boost to $16M

Senate lawmakers won out over the debate about whether or not to merge the E-Government Fund with the Federal Citizen Services Fund. DHS also receives $166 million for cybersecurity programs in the fiscal 2014 spending bill.

Tuesday - 01/21/2014, 03:56am EST
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