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OMB to test agency readiness to move to financial shared services

Danny Werfel, the OMB controller, will issue a new policy in the coming weeks that will mandate agencies simplify their requirements before upgrading their general ledger systems. The policy also will require agencies to strongly consider one of the four federal shared service providers. OMB said it has learned lessons from the previous attempts to move agencies into these common financial management infrastructures.

Tags: technology , OMB , Danny Werfel , shared services , financial management , Treasury , Jason Miller , exclusive

Friday - 02/22/2013, 05:43am EST
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CFOs remain tepid on financial shared services

An exclusive Federal News Radio survey of federal CFOs and deputy CFOs finds 55 percent of the respondents rated spending money more wisely as their top priority. But at the same time, 36 percent rated moving to the Internet Payment Portal or other financial management shared services as their fourth highest priority. CFOs also say they are using data to make better decisions and budget reductions, not sequestration, is their biggest concern.

Tags: financial management , Adam Goldberg , Treasury , OMB , Office of Financial Innovation and Transformation , shared services , sequestration , budget , CFO survey , In Depth with Francis Rose , Jason Miller , exclusive

Tuesday - 10/09/2012, 10:14am EDT
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OMB offers first major rewrite of grant-making, oversight processes

New proposed guidance from the Office of Management and Budget would streamline and consolidate grant regulations for every agency. Comments on the recommendations are due May 2.

Tags: management , grants , Danny Werfel , OMB , Judith Turner , TCG , Jason Miller

Monday - 02/04/2013, 07:17pm EST
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Federal Drive Interviews -- Oct. 10, 2012

Denise Wu of Clifton Larson Allen explains how the Chief Financial Officers Council has moved the idea of a Statement of Spending to the front burner. Julian Pecquet of The Hill discusses the bitter partisan battle raging on Capitol Hill over last month's attack in Benghazi. Sharon Virts-Mozer, president and CEO of FCI Federal, details how some local businesses are thriving despite down economy and impending sequester.

Tags: Denise Wu , Julian Pecquet , The Hill , Sharon Virts-Mozer , FCI Federal , Federal Drive , DoD , DoD Report , cybersecurity , Cybersecurity Update

Wednesday - 10/10/2012, 09:13am EDT

CFO Council extends contract to build debt-collection dashboard

GSA also renews a contract to improve its human resources shared service provider effort. The Federal Acquisition Institute will hold an industry day in November to discuss two new solicitations.

Tags: acquisition , contracting , FAI , GSA , Human Resources Line of Business , Deloitte , Booz Allen Hamilton , FedBizopps.gov , Jason Miller

Monday - 10/08/2012, 04:54pm EDT

OMB's pause of financial systems had little effect on cost, schedule

GAO reviewed the administration's implementation of the July 2010 memo calling for a government-wide review of financial management projects. Auditors found about half of the projects said there was no change in cost and three-quarters said their schedule remained the same.

Tags: financial management , GAO , OMB , Tom Carper , Scott Brown , Senate Homeland and Governmental Affairs Committee , financial management systems , A-127 , Jason Miller , In Depth , Francis Rose , Naba Barkakati

Thursday - 03/15/2012, 05:08pm EDT
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Agency CFOs feel strain of impending budget cuts

Agency chief financial officers and deputy CFOs said their top three priorities and challenges all revolve around improving how their agency manages spending, according to an exclusive online survey by Federal News Radio. Agencies expect the 2013 budget request to include significant cuts in across-the-board discretionary spending. CFOs and deputy CFOs also said they are concerned whether their workforces are adequately trained to meet the job's growing demands.

Tags: 2011 and Beyond , CFO survey , financial management , management , budget , workforce , training , Jason Miller

Tuesday - 01/24/2012, 03:45pm EST
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OMB pushes CFOs to lead cost-cutting effort

In a memo to agency financial managers, Danny Werfel set a July 31 deadline for three broad initiatives to reduce spending. Agency CFOs also must rank their employees' SAVE Award ideas for implementation and begin sharing best practices to root out waste, fraud and abuse.

Tags: CFO , OMB , Danny Werfel , wasteful spending , management , SAVE Awards , Jason Miller

Thursday - 06/30/2011, 02:59pm EDT

New governmentwide financial systems on tap

OMB controller Danny Werfel said the Treasury Department should be finished testing and analyzing systems in the next six months. The CFO Council highlights priorities for 2011, and among them is the further reduction of improper payments. Werfel said agencies will begin using the software tool first utilized by the Recovery Board to identify potential problems.

Tags: management , Danny Werfel , OMB , GAO , DoD , Treasury , CMS , improper payments , financial management , audit opinion , Recovery Act , forensic auditing , Jason Miller

Wednesday - 01/12/2011, 06:47am EST
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