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