Home / News / Army Deploys New Financial Management System

Army Deploys New Financial Management System

Photo: weim

The General Fund Enterprise Business System is now operational worldwide and is said to be the most advanced financial management system in the history of the Army with nearly 40,000 users.

The full deployment, expected in the 2012 fiscal year, will engage close to 60,000 users at around 200 locations worldwide, affecting nearly all Army organizations and functionality.

The GFEBS would fully or partially replace 106 information systems, interfacing with other systems and re-engineering business processes and data structures.

A recent Army Audit Agency evaluation also dubbed GFEBS compliant with 1,054 of the Federal Management Improvement Act’s 1,113 requirements. Full compliance is expected in fiscal year 2012.

In an Army statement submitted to Congress, Army Secretary John McHugh and retired Gen. George W. Casey Jr., former Army chief of staff, wrote that the GFEBS is “the Army’s new business system. It gives managers a greatly improved capability to manage the cost, schedule, and performance of their programs and, at the same time, is the centerpiece in our progress toward full auditability of our financial statements.”

The latest release of GFEBS added interface functionality with the Army’s Deployable Disbursing System, which allows GFEBS to support financial operations overseas.

In addition, the second phase of the concept to integrate ERP systems was completed between GFEBS and the Global Combat Support System-Army, fund management synchronization, cost management master data between the two systems, consolidating of reporting and cost management, and funds management and financial reporting in GFEBS.

Check Also

Lead HHS Cyber Auditor Says Team ‘Well Aligned’ to Face Challenges

The head of cybersecurity at the Health and Human Services Department’s Office of the Inspector General recently said that he and his team are learning as much as they can about supply chain threats and application development security, to respond to such issues effectively, Federal News Network reported Friday. Jarvis Rodgers, HHS OIG Cybersecurity and IT Audit Division director, told Federal News Network via email that his unit is aware that risks related to global supply chains “present a unique set of challenges” and that poorly written code can result in costly and persistent security vulnerabilities.

Leave a Reply

Your email address will not be published. Required fields are marked *