11:16 pm, May 23, 2015

Shared Services Revisited

The government spends $8 billion a year on financial management systems, which are run by more than 55,000 employees. The success rate of modernizing these systems is poor. There's a long list of failures ranging from EPA to Labor, to the SBA and VA. OMB is trying again to solve these problems by mandating agencies move to federal shared service providers over the next decade. Federal News Radio's special report, Shared Services Revisited, explores the challenges faced by OMB, agency providers and agency customers in this latest attempt to move to federal financial management shared service providers.

Part 1: 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

Part 2: 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

Part 3: Treasury figuring out how the shared services pieces fit into governmentwide puzzle

In part 3 of our special report, 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.

Thursday - 04/10/2014, 04:26am EDT