The Federal government manages over $6 trillion in annual spending, the equivalent of roughly a quarter of the nation’s gross domestic product (GDP). However, many organizations continue to rely on outdated and inefficient financial systems that fail to meet the demands of today’s digital era.

Successful transformation goes beyond technology upgrades. It calls for a holistic reimagining of functional processes and data strategies that enhance data-driven decision-making, cost optimization, and risk management capabilities.

MeriTalk, in partnership with KPMG LLP (KPMG), surveyed 150 Federal financial systems managers and decision-makers across finance and IT departments to explore:

• The state of finance transformation
• Challenges with current financial operations models
• Top finance transformation priorities
• Impacts from initial transformation efforts
• Recommendations for optimizing efficiency, transparency, and accountability