The House of Representatives, in conjunction with the CAO, is looking to modernize and improve upon its existing financial system platforms and business processes. As part of this modernization effort, the House is looking to deploy a single cloud-based solution that uses cutting-edge technology to easily, accurately, and efficiently execute all aspects of Budget Formulation, Budget Execution, Dashboard Analytics, Financial Consolidation and Close, and Financial Reporting. This modernization effort is guided by the following four primary objectives:
Implementing a common infrastructure between the Budget and Accounting functions of the House, in order to align Budget, Planning and Forecasting with Financial and Actuals reporting.
Developing the ability for the House to visualize and analyze financial and statistical data and trends using real time dashboards and interactive reporting, providing all stakeholders with timely information and insights into financial and operating results.
Ability to generate advanced audit trails and incorporate workflow approval and concurrence to mitigate audit risks.
Elevating the end user experience in a modern user-friendly tool and deploying up-to-date analytical concepts, scenario analysis, intuitive and agile planning, predictive analytics, and the automation of manual steps.
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