What We Know Now: Lessons Learned Implementing Federal Financial Systems Projects

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What We Know Now: Lessons Learned Implementing Federal Financial Systems Projects

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.

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