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Federal CFO Survey Outlines, Budget, Technology, Workforce Concerns

money-graphA survey by the Association of Government Accountants has found that spending cuts, outdated financial systems and workforce reductions are among the top concerns of government financial executives, Information Week reported Wednesday.

Elena Malykhina writes AGA and Grant Thornton LLP worked together to interview more than 100 federal chief financial officers and senior leaders from oversight groups for AGA’s annual report.

Nearly one-third of federal CFOs said scarce resources and increased requirements have affected the services their organizations provide.

Respondents also highlighted the need for technology that can facilitate shared services and help departments manage data, Malykhina writes.

Other technology concerns cited by CFOs in the report include maintaining legacy platforms, strengthening cybersecurity and deploying infrastructure to compensate for fewer staff.

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