The National Science Foundation has unveiled a new financial system as the agency seeks comply with requirements set by the Office of Management and Budget and Government Accountability Office, Federal News Radio reported Thursday.
Jason Miller writes the NSF is set to move into that financial management system on Oct. 14 after work to develop the system for nearly three years.
“I think we’ve done a really good job of doing exactly what supposedly the best practices are,” Martha Rubenstein, NSF’s chief financial officer, told the station.
She said the NSF is also interested in shared services, according to the station.
“I think we will need at least a year to stabilize and go through a whole process of a whole year, and then we will be looking at particular aspects of financial processing and decide is there something we are able to go to a shared services provider for because it’s not our bread and butter, it’s not what we are interested really in spending our resources on,” Rubenstein told Federal News Radio.
Rubenstein said some questions remain surrounding shared services with regard to the provider’s financial and technological position to accommodate additional customers and how the service standards are being set, the station reports.
NSF plans to conduct a grassroots analysis of duplicate programs to identify and eliminate in order to apply risk management efforts, Miller reports.