307-Value_Proposition-Mark_Easton

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Published on January 9, 2009

Author: aSGuest9774

Source: authorstream.com

Key “Takeaways” : 1 Key “Takeaways” Business process transformation is the driver, better financial information is the goal … with clean audit as the outcome that confirms success Develop/validate processes with audit in mind: Standardization Automation (Max use of EC/EDI)- DTS/WAWF Documented Internal controls emphasis FIP as Integrator- ‘Stovepiped’ Thinking is Too Expensive/Less Effective Process Improvement Initiatives Systems Environment Organization Changes ‘Old’ Business vs. ‘New’ Business Communication and Change Management ‘All Hands’ effort- not just FM Community DON FIP: The “Value” Proposition : 2 DON FIP: The “Value” Proposition The Cost/Impact of Not Pursuing Opinion : 3 The Cost/Impact of Not Pursuing Opinion Less Efficient Business Operations Susceptibility to Fraud/Waste/Abuse Bad Decisions Loss of Public/Congressional Confidence and Support A Few Key Themes : 4 A Few Key Themes “The future ain’t what it used to be” Preparing for audit, NSPS, and ERP Life is a “contact” sport Teamwork and communications “You play harder when you keep score” Metrics and accountability FM Vision for Business Transformation : 5 FM Vision for Business Transformation DoD Business Enterprise Architecture… Framework Standardize business processes & provide data standards Requires systems portfolio management Converged ERP… Cornerstone Implement a modern, integrated COTS software product Reengineer business processes Functional Area Manager Process… Transition Tool Rationalize FM systems… portfolio management Standardize business processes DoD Financial Improvement Initiative… Integrating Plan Basis for DON Financial Improvement Plan Provide clean financial statements/unqualified audit opinions Guide system improvements Successful business transformation will produce “clean” statements & audit opinion

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