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

2. 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

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

4. 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

5. 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

6. 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

7. 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

8. 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

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