Federal finance leaders estimate they lose an average of 35 percent of their work time to outdated financial management systems, driven by manual reporting, spreadsheet version control, repetitive data entry, and error resolution. […]

With its self-imposed clean audit opinion deadline of 2028 nearing, the Department of Defense (DoD) needs to ensure that it has both the sufficient and skilled workforce it needs to successfully fulfill its financial management tasks, a new watchdog report says.   […]

The Department of Defense (DoD) is making progress in reducing costs related to improper payments through its Advana centralized data and analytics platform, but the agency continues to struggle with some of its financial IT systems, a Government Accountability Office official said in testimony to House lawmakers this week. […]

The Department of Defense (DoD) and Department of Veteran Affairs (VA) are at various stages of modernizing financial management processes but face similar challenges with legacy systems and data compatibility. […]

The Government Accountability Office (GAO) is taking a fresh crack at trying to guide the Defense Department (DoD) toward fixing the agency’s business and financial systems so that it can finally produce a clean annual audit. […]

House Oversight and Reform Committee Chairwoman Carolyn B. Maloney, D-NY., introduced legislation on March 18 that aims to modernize Federal agency financial management regulations. […]