Financial Management Reform - Semanticommunity.info

honeydewscreenManagement

Nov 9, 2013 (4 years and 1 month ago)

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Moving to a new Administration:
Collaboration and Shared Services
Technology

Service Oriented Architecture Conference



John W. Cox, CFO

U.S. Department of Housing and Urban Development


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AGENDA


E
-
Government role today


External Applications


On the Horizon
--
FMLoB


Internal Applications



Future


What’s next?



Q&A




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External E
-
Gov Initiatives

Enterprise Income Verification (EIV):
Allows PHAs to verify
wage income, social security and supplemental social security income, new hire data,
and unemployment information.


Pay.Gov


Grants.Gov


HIHRTS


e
-
Performance

Implementation results: Need for Better Integration

.

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External E
-
Gov Initiatives

(Continued)


WebTA:


FedTraveler:


Smartpay:


Implementation results: Need for Better Integration

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Internal (HUD) E
-
Gov Initiatives


HITS


Firm Fixed Price: Good News/Bad News


Incentives in Contracts (Carrot and Stick)


Need for Flexibility in Contracts


Financial Data Mart


better, more timely
information for decision making




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Internal (HUD) E
-
Gov Initiatives

(Continued)


Hyperion Financial Management


moving from
client server to web
-
based application


HIFMIP


FMLoB


Common Business Practices; Better Funds Control


Appraiser and Lender Watch




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HUD SYSTEM ARCHITECTURE

FY 2009






Replace or retire 10 systems by 2009, 14 by 2013



Build on the successful PeopleSoft COTS roll
-
outs at FHA and Ginnie Mae



Goal is a single, integrated general ledger

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HUD SHIFTS ITS EMPHASIS




Beyond number crunching to data and risk analysis

and improved performance
.

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Key System Modernization Goals

“HUD Integrated Financial Management Improvement Project” (HIFMIP)


Assure funds control at all levels and employ
clear relationship to budget formulation.


Consolidate financial systems department
-
wide on the PeopleSoft COTS package,
leveraging a common solution.


Mitigates risk


Cost avoidance


Business requirements fit




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Key System Modernization Goals

“HUD Integrated Financial Management Improvement Project” (HIFMIP)

(Continued)


Create user
-
friendly system interfaces


Pay careful attention to data quality issues.


Enable direct access to standardized, accurate timely
information which will improve productivity and
focus on providing better analytical information.


Lower transaction processing costs.


Link agency performance to costs; increase capability
to accurately measure and report activity
-
level
program costs; and maximize ROI.


Provide efficient reporting and fiscal year end
closings.




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OMB’s financial management line of business
(FMLOB) initiative is an important component of
the PMA for improving overall government
performance management, focusing on business
-
driven, common solutions to help address financial
management system weaknesses and
implementation failures.


On the Horizon:

Financial Management Line of Business

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FMLoB Vision/Framework


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FMLoB Benefits


Increased ability to focus on analytics and management
instead of transactional system coordination


Reduced licensing and integration costs


Reduced operations and maintenance costs through
combined services


Sharing of hardware, software and infrastructure


Broader agency choices for obtaining services


More standardized operations across bureaus and agencies

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Limited resources available


Competing government
-
wide initiatives


Varying levels of commitment among some federal
officials to address long
-
standing financial
management issues


Complexity of compliance requirements, danger
exists that accounting compliance requirements
have become so prescriptive that they may begin to
drive business processes rather than business
processes driving accounting processes.

FMLoB Challenges

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Future Outlook: What’s next?


Future of E
-
Gov: Will this
remain a priority for the next
Administration?


E
-
Gov funding outlook


Number of New Systems
Planned (HUD and Government
-
wide)

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This Won’t Get the Job Done

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Future of E
-
Gov


E
-
Gov improves the speed and quality with
which Government provides information and
services to citizens, employees, and other
constituent groups



Challenge for Agencies is to develop user
-
centric E
-
Government applications and make
their use intuitive.

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Adapt to best business processes


Designs that optimize results and minimize rework


Simplify and consolidate data and environment


Minimize customizations


Strong Senior Management Support with a focus
on project management


Financial Managers must continue to strive to
provide value
-
added service to our core mission
functions.

SUMMARY

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Q & A