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

2
DON FIP The Value Proposition
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

4
A Few Key Themes

• The future aint 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

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