Monday, November 22nd, 2010 - 14:58
This contribution outlines 10 principles designed to provide
insight into effective and efficient strategies on how to
best deploy financial management systems in alignment
with OMB’s goals and policies, with a focus on optimizing
resources and information in a modernized environment.
We offer these principles based upon lessons learned
from multiple financial management system deployments
throughout the public sector domestically and abroad.
It is imperative that financial management systems and all of their modernization or replacement efforts be managed in an effective, efficient, and transparent manner. Leveraging these 10 principles will help agencies ensure the success of these efforts. Taking a focused look at how to optimize and modernize these systems will not only yield better systems; it will yield better management and provide better accountability for taxpayer dollars.