Prerequisites for Achieving Net Centric Financial Operations Norwood J. Jackson, Jr. (Woody) Partner, KPMG, LLP

Goals Objectives Its about decisional information Complete, reliable, timely, and consistent financial information Objectives More effective systems of accounting More effective management practices More effective internal controls Its about decisional information

A Network Centric Paradigm What are the Prerequisites Must Know Where We Are And Where We Are Going

Prerequisites An architecture that: Defines the business information necessary to run the organization Defines the technologies necessary to support the business operations Defines the transitional processes for implementing new technologies

Objectives of an architecture Organize information on an organization-wide scale Promote information sharing among organizational units Help organizations quickly develop IT investment processes Serve customer needs better, faster, and cost effectively

Value of an architecture Promotes interoperability Promotes organizational resource sharing Provides potential for reduced costs Improves ability to share information Supports organization-wide IT investment planning

Where we are Dissimilar business processes A world of stovepipes An absence of interoperability An absence of information sharing Duplicative systems development efforts Incomplete, unreliable, untimely, and inconsistent financial information

Decisional information will be there when it is needed. Where we are going – the future Common data Common business processes Common systems Interoperable or integrated systems Maybe a network based computing environment Complete, reliable, timely, and consistent financial information Decisional information will be there when it is needed. Audits will be designed to validate controls and decisional information, not financial statements

Remember Achieving management information goals requires: An architecture An understanding of where we are An understanding of where we are going