American Forces Press Service (March 3, 2006): new army financial management initiative--GFEBS.The U.S. Army is overhauling its business and financial management functions by eliminating redundant or non-compatible systems; standardizing business processes; and evaluating how to better manage resources. Spearheading this effort is the General Fund Enterprise Business System (GFEBS GFEBS General Fund Enterprise Business System (US Army) ). Enterprise Information Systems is a Web-based Enterprise Resource Planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. solution that will enable the Army to compile and share accurate, up-to-date financial and accounting data across the Service. Leveraging commercial off-the-shelf Commercial off-the-shelf (COTS) is a term for software or hardware, generally technology or computer products, that are ready-made and available for sale, lease, or license to the general public. business enterprise software, GFEBS will supply Army and DoD leadership with standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. , real-time financial data and business information, empowering them to make strategic business decisions that have a direct and positive impact on America's warfighters. The system will streamline the Army's current financial management portfolio, facilitating the replacement of at least 28 expensive, overlapping, and redundant financial and accounting systems including the Standard Finance System, Standard Operation & Maintenance Army Research & Development System, and the Defense Joint Accounting System. All Army components (Active, National Guard, and Reserves), major commands, Army installations, and the Defense Finance and Accounting Service The Defense Finance and Accounting Service (DFAS), an agency of the United States Department of Defense, provides finance and accounting services for the military and other members of defense. In FY 2004, DFAS:
DFAS Decorative and Fine Arts Society (The Hague, Holland) DFAS Dark Field Alignment System DFAS Department of Fisheries and Aquatic Sciences ) will benefit from GFEBS implementation. Release 1.1--A technical demonstration of Real Property Inventory for Fort Jackson Fort Jackson can refer to several places or things:
When fully implemented, GFEBS will be the Army's system of record for financial accounting and management. It will become one of the world's largest enterprise financial systems, managing $100 billion in annual spending with more than 79,000 end-users at more than 200 sites around the world. With its enterprise nature and global reach, GFEBS will provide the Army with the financial management tools necessary to make business decisions that result in a strategic advantage on the battlefield. Point of contact is Cherie Smith at Cherie.Smith@hqda.army.mil or visit the GFEBS Web site at <http://www.gfebs.army.mil>. |
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