OMB Rolls Out Plan for Governance Body to Boost Shared Services
The Office of Management and Budget, under acting deputy director David Mader, announced plans for a central governance body to support the strategic alignment and growth of federal shared services. The plans, as reported by Mr. Clark, are based on six months of interagency conversations to identify ways for the public sector to catch up to private sector’s shared services best practices. The governance body aims to bring increased collaboration, coordination and information sharing within shared services functions and across federal agencies – a much needed accelerator to the federal shared services movement.
HUD Marks a Major Shared Services Milestone with Financial Services Migration
The Department of Housing and Urban Development (HUD) has become the first cabinet-level agency to transition its financial management systems to a shared services provider, reports Mr. Brown. In the past year, HUD faced a financial system modernization decision and decided to replace its aging legacy system with the Treasury Department’s shared services systems and core financial processes. Treasury operates the Administrative Resource Center (ARC), which is a federal government agency that provides cost effective administrative support for financial management, HR, IT, investment accounting, procurement and travel. By leveraging these shared services capabilities, HUD anticipates seeing “enhanced financial transparency and analytical capabilities, increased regulatory compliance, and improved efficiency.”
Survey Shows Support, with Reservations, for Shared Services
https://fcw.com/articles/2015/10/27/shared-services.aspx, Oct 27, 2015
The Association of Government Accountants and the LMI Research Institute released a study that surveyed 229 shared service providers (SSPs). Mr. Noble outlines several important data points from the study, such as 42 percent of respondents believe that costs would increase due to implementation and data transfers when transitioning to shared services, while others were less sure about the impacts or reductions in costs. Despite this, the number of respondents who were planning to use shared services increased by 22 percent and many existing shared services customers acknowledged the positive impact on operational efficiency.