DOD gets ready for financial compliance
- By Dawn S. Onley
- Mar 19, 2004
Army leaders involved with a recently approved joint financial management program will issue a request for quotations next month to get industry input.
They are looking to commercial enterprise resource planning software to get a better handle on Defense Department finance.
DOD has never complied with the 1990 Chief Financial Officers Act, which ordered federal agencies to centralize their finance systems to better account for their spending.
John Argodale, deputy assistant Army secretary for financial operations, said the concept of the General Fund Enterprise Business System, established last October, would consolidate the functions of the legacy Standard Financial System and the Standard Operations and Maintenance R&D System. He said the consolidation would give DOD a better idea of how money is disbursed through the general fund and working capital fund.
Speaking yesterday at the Program Executive Office for Enterprise Information Systems' Industry Day in Arlington, Va., Argodale said the RFQ would call on integrators to choose and implement commercial ERP software in a pilot of GFEBS.
He said all the ERP software in the pilot must be certified by the Joint Financial Management Improvement Program. Systems integrators will be responsible for the program management and architecture development, Argodale said. A contract could be awarded by summer.
'None of our core financial systems are in compliance with the CFO Act,' Argodale said. 'Our systems don't let us provide timely, reliable financial information. Our information is dated.'
Argodale said GFEBS would have to link to DOD's business enterprise architecture and should have these capabilities:General ledger, payments and receivables managementFunds managementCost managementFinancial reporting.