Federal agencies are woefully deficient in using modern information technology tools to manage their financial data. Despite calls from Congress and the White House to improve financial data management, agencies “employ a tangled web of disparate manual processes to generate the data,” states a recent report from the House Oversight and Government Reform Committee. “Our analysis shows these systems are not serving taxpayers well,” said Rep. Darrell Issa, R-Calif., chairman of the committee. Issa released the results of the committee’s analysis earlier this month.
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US Agencies Relying on Antiquated Financial Management Systems
Posted by: John K. Higgins September 20, 2011 05:00 AMFederal agencies are woefully deficient in using modern information technology tools to manage their financial data. Despite calls from Congress and the White House to improve financial data management, agencies “employ a tangled web of disparate manual processes to generate the data,” states a recent report from the House Oversight and Government Reform Committee. “Our analysis shows these systems are not serving taxpayers well,” said Rep. Darrell Issa, R-Calif., chairman of the committee. Issa released the results of the committee’s analysis earlier this month.