Financial systems requirements set

A governmentwide organization recently issued requirements agencies must follow for systems that support acquisition and financial management processes.

The document, "Acquisition/Financial Systems Interface Requirements," posted June 14, represents the first time procurement and financial management officials have come together to create a set of requirements for systems, said Karen Alderman, executive director of the Joint Financial Management Improvement Program.

JFMIP, the organization responsible for setting standards for agency financial management systems, is a joint undertaking of the General Accounting Office, the Office of Management and Budget, the Office of Personnel Management and the Treasury Department.

Such requirements had never been developed in a common way, Alderman said, even though common information is necessary for both acquisition and financial management.

"The document provides a common reference to support federal agency efforts to improve financial management and acquisition systems and to comply with [the Federal Financial Management Improvement Act] and other relevant statutes," according to JFMIP officials.

The document identifies the requirements that are necessary for a system to operate and comply with federal statutes, Alderman said.

Agencies must use those functional requirements, in addition to agency-unique mission requirements, in planning financial management and acquisition system improvement projects, she added.

The publication of the document completes an 18-month effort that involved more than 60 senior-level acquisition and financial professionals from scores of federal agencies.

About the Author

Christopher J. Dorobek is the co-anchor of Federal News Radio’s afternoon drive program, The Daily Debrief with Chris Dorobek and Amy Morris, and the founder, publisher and editor of the DorobekInsider.com, a leading blog for the Federal IT community.

Dorobek joined Federal News Radio in 2008 with 16 years of experience covering government issues with an emphasis on government information technology. Prior to joining Federal News Radio, Dorobek was editor-in-chief of Federal Computer Week, the leading news magazine for government IT decision-makers and the flagship of the 1105 Government Information Group portfolio of publications. As editor-in-chief, Dorobek served as a member of the senior leadership team at 1105 Government Information Group, providing daily editorial direction and management for FCW magazine, FCW.com, Government Health IT and its other editorial products.

Dorobek joined FCW in 2001 as a senior reporter and assumed increasing responsibilities, becoming managing editor and executive editor before being named editor-in-chief in 2006. Prior to joining FCW, Dorobek was a technology reporter at PlanetGov.com, one of the first online community centers for current and former government employees. He also spent five years at Government Computer News, another leading industry publication, covering a variety of federal IT-related issues.

Dorobek is a frequent speaker on issues involving the government IT industry, and has appeared as a frequent contributor to NewsChannel 8’s Federal News Today program. He began his career as a reporter at the Foster’s Daily Democrat, a daily newspaper in Dover, N.H. He is a graduate of the University of Southern California. He lives in Washington, DC.


Featured

Stay Connected

FCW Update

Sign up for our newsletter.

I agree to this site's Privacy Policy.