From the National President.Last month I outlined three themes critical to making financial management more effective and efficient. First, ensuring a high-performing workforce by recruiting the best people, continually developing their talents, and rewarding them through performance-based compensation. Second, improving our business practices by modernizing our business systems and instituting meaningful financial and program performance metrics Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees [1]. to provide better data and analyses to guide resource decisions and produce auditable financial statements. Third, ensuring efficient and effective communication with all our customers and being responsive to their needs. This is crucial to demonstrate the value of our community as both a business partner and a steward of public resources. Ultimately, all three themes are linked, providing value to each other, and through their synergy, providing greater value in the aggregate to our Departments and the American public. The American Society of Military Comptrollers COMPTROLLERS. There are officers who bear this name, in the treasury depart @ment of the United States. 2. There are two comptrollers. It is the duty of the first to examine all accounts settled by the first and fifth auditors, and certify the balances arising and the Armed Forces Comptroller can play an invaluable role in promoting this transformation. Both can serve as venues for the sharing of innovations, self-critiques, and lessons learned. To better each other and our work, we must always seize the opportunities that these venues afford us, striving for continuous improvement. In that spirit, I have encouraged Executive Director Hale and the editorial board of the AFC (1) (Application Foundation Classes) A class library from Microsoft that provides an application framework and graphics, graphical user interface (GUI) and multimedia routines for Java programmers. to dedicate space in the next three issues to aspects of these three themes, and I urge our readers to submit related articles and interest items for peer review. This issue is dedicated to the theme of business practice improvement and focuses on information technology systems. A key message in Christine Wenrich's article on business systems standardization standardization In industry, the development and application of standards that make it possible to manufacture a large volume of interchangeable parts. Standardization may focus on engineering standards, such as properties of materials, fits and tolerances, and drafting is that if we are to standardize, we must be willing to give up comfortable legacy systems. Cherie Smith's article on General Fund Enterprise Business System underscores how difficult it is to leave behind legacy systems, citing Oracles own five-year effort at systems transition. Beverly Veit asserts that a 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. system can work in a complex environment: When the Navy 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. Program is fully implemented, it will replace 347 legacy systems, standardizing processes with the Office of the Secretary of Defense The Office of the Secretary of Defense (OSD) is part of the United States Department of Defense and includes the entire staff of the Secretary of Defense. It is the principal staff element of the Secretary of Defense in the exercise of policy development, planning, resource and the other services that subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; the Department's Business Enterprise Architecture. Finally, Arlene King describes the Defense Enterprise Accounting and Management System implementation by the Air Force and the United States Transportation Command The unified command with the mission to provide strategic air, land, and sea transportation and common-user port management for the Department of Defense across the range of military operations. Also called USTRANSCOM. . The winter issue of AFC will continue the theme of business practice improvement and focus on the role of financial management in major defense transformation. The spring issue will focus on the role of financial management in wars and natural disasters; the summer issue will feature human capital development. Manuscripts for the two latter issues are due by January 20, 2006, and April 20, 2006, respectively. As always, if you have any questions or concerns, please feel free to contact the Society. Enjoy this edition of AFC. Richard Greco, Jr. National President |
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