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Search Tags: Shared Services Revisited
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.
One way to measure success of federal shared services is to see how many agencies are actually using them. Financial management shared service providers are facing an uphill battle to meet that metric. The ability of the federal providers to ramp up quickly is one of their biggest challenges. In part 2 of his special report, Shared Services Revisited, Federal News Radio Executive Editor Jason Miller explores the long-standing capacity challenges that current and new financial management shared service providers will have to overcome. Read Federal News Radio's related article.
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.
Tags: management , financial management , OMB , Norman Dong , Treasury , Beth Angerman , Lisa Kazor , Savantage , Reid Jackson , Compusearch , Kevin Greer , Accenture , Joe Ward , Interior Business Center , Jason Miller
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.
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.
Tags: management , technology , shared services , Beth Angerman , Treasury , OMB , Norman Dong , GSA , Lisa Kazor , Oracle , Reid Jackson , Carlos Otal , Grant Thornton , financial management , Jason Miller , Aaron Cornfeld