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Financial Management Systems Strategy

USAID's Business Systems Modernization (BSM) strategy consists of business cases for the Agency Enterprise Architecture, financial systems, and procurement systems. This strategy is consistent with the most urgent priorities set by the Administrator. The Agency's proposed enhancements and new projects will result in greater internal efficiency and effectiveness; and expanded government to government, government to consumer, and government to business interactions. The components of the BSM are:

• Maintaining the following steady state areas: financial systems, IT infrastructure, and existing "as is" architecture.
  
• Implementing the following enhancements and new projects: upgrade and extend the enterprise architecture to provide a framework and strategy for modernization; enhance the overseas telecommunications and security environments to support new systems; implement the core accounting and managerial cost accounting systems worldwide; and implement an acquisition and assistance system that is an integrated module of the core accounting system.

The essential elements of the general strategy include:

• Utilize public and private sector third party service providers whenever cost-effective.
  
• Require solution demonstrations to manage risks and engineer system components within the target enterprise architecture framework.
  
• Acquire proven commercial software products rather than build custom-developed applications.
  
• Re-engineer Agency business processes before altering the baseline commercial software product.
  
• Implement network and telecommunication infrastructure upgrades to support the financial management systems architecture.
  
• Leverage the system architecture and the planned technology evolution of commercial software products.
  
• Integrate data repositories using common data elements and web-based reporting and analytical tools.
  
• Acquire system components in an incremental fashion.
  
• Plan enhancements to system capabilities as releases within the framework of enterprise configuration management practices.

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