SAS^® Financial Management for Defense

For the Department of Defense, improving the oversight and accountability for expenditures is one the Secretary of Defense’s top priorities for business transformation. There is continued and increasing pressure from GAO to improve the Department's financial management in the business areas of military pay, travel, property, contract payaments, and automated systems.   In the Spotlight Keys to Making a Successful Internal Control/A-123 Program View this archived Webcast to learn the steps in successfully developing, implementing and administering an internal control/A-123 program. How Software Can Advance Federal Government Internal Control Programs (Part 3) Watch this archived Webcast to discover a variety of options to aid in the successful implementation and administration of your internal control program. SAS Financial Management can help the Department of Defense bring together financial information from a variety of systems across the enterprise, yielding comprehensive results that are on time and "on the money." Our solution integrates data management and financial intelligence with the finest online analytical processing in the industry, allowing you to view your organization from any perspective: bureau, agency, geographic site or other category. With SAS, defense executives can fully integrate financial management into their agency's strategic planning, budgeting and mission evaluation processes, producing a clear statement of financial management goals and objectives. As part of a total approach to performance management, SAS gives organizations the power to monitor, analyze and report on financial information – and use the information to drive strategic decisions and manage financial risk. SAS Financial Management improves the accuracy, relevance and timeliness of financial plans, budgets and reports while promoting the alignment and execution of strategy. This solution uses the integrity, analytic power and scalability of the SAS Intelligence Platform to facilitate flexible, strategic financial and operational planning within a collaborative environment – across the entire enterprise. Using SAS Financial Management, organizations can more effectively analyze and manage the true drivers of stakeholder value in relation to strategy in real time. SAS Financial Management includes two integrated functional components: Planning – allows finance executives and other key finance department personnel to embed advanced SAS analytics into budgets and plans for more accurate forecasting of future operating results. Financial reporting – provides the unique capability to consolidate multidimensional information on demand while performing all financial calculations relevant to reporting and planning processes, thereby enabling organizations to close their books more rapidly. Using these powerful components, departments and agencies will be able to: Create more frequent, accurate forecasts. SAS Financial Management allows an organization to create plans and forecasts that financial executives and other personnel can easily update in response to changing business and operational circumstances. Ensure financial transparency. SAS Financial Management provides a transparent environment for managing financial and operational data in order to produce timely, accurate and relevant reports. This transparency is achieved by extending control of information horizontally across the enterprise and vertically between transaction-oriented systems and the higher-level financial management system. Publish reports more quickly. Because of the growing need to publish accurate reports more quickly, SAS Financial Management significantly reduces the time required to produce and publish financial reports. On-demand consolidations, which simultaneously incorporate any necessary currency conversion, eliminations, ownership adjustments and allocations, can reduce the time and cost necessary for financial consolidations. SAS Financial Management works hand-in-hand with other SAS solutions, combining information about strategic performance management from areas ranging from financial performance to customer and supplier relationship management to workforce planning and analytics. Agencies can add capabilities for financial statistical forecasting. If activity-based costing/management is what you are looking for, you can now also integrate with the highly acclaimed SAS Activity-Based Management for high-powered costing and planning analytics. At SAS, we understand the critical role financial management plays in helping each agency achieve its mission and strategic planning goals. After all, our solutions have been helping government departments and agencies provide faster, more efficient service to citizens for nearly three decades. For more information on our financial management solutions, please call 1-800-727-0025 and ask to speak to your SAS representative.

Looking for more information on SAS Financial Management? Download our brochure on the SAS Defense Practice. Read related government success stories. Download one of our government white papers. Ready to put THE POWER TO KNOW® to work for you? Contact your local SAS office or call us toll free at 1-800-727-0025 (U.S. and Canada). Contact SAS for pricing information and to learn more about our products and solutions. Download our brochure on the SAS Defense Practice.