Achieving Compliance
Capital City Technologies’ offers a variety of services designed to help federal organizations achieve financial compliance. We believe that organizations that view financial compliance as an opportunity to improve business performance, rather than an exercise to meet legislative requirements, will reap the benefits of providing accurate, reliable, and timely data to support critical management decisions. With our support, open-minded organizations are finding the pain of financial compliance is yielding valuable operations insights, efficiencies and value.
Strategic Planning and Program Leadership
Enabling Compliance for Your Organization
Organizations excel when their transformation activities are properly planned for and executed. Through our Compliance Advisory Services, CCT enables organizations to develop and execute comprehensive financial improvement plans which incorporate financial data migration and enterprise-transition planning strategies, and create sustainable and cost-effective internal control processes. CCT blends seasoned DoD executives with industry subject matter experts, to provide you with the necessary skills to help your organization shape a new financial management enterprise.
Financial Improvement Transformation Activities
Energizing the Process to Move Beyond Planning to Execution
Today, federal organizations are facing greater challenges to comply with regulatory requirements. OMB Circular A-123, CFO Act Compliance, and accelerations in reporting requirements, place a heavy burden on already lean organizations. The solution is not always additional resources. Rather, it can be a tactical effort to redesign and reengineer financial business processes. With proven and experienced personnel, Capital City Technologies will work with your organization to analyze and recommend improvements to your financial business practices in accordance with Generally Accepted Accounting Principles (GAAP) and federal accounting requirements.
A few examples of federal transformation activities CCT has supported include:
- DoD Financial Improvement and Audit Readiness (FIAR) Plan
- OMB Circular A-123, Appendix A “Management Accountability and Control”
- System Compliance Reviews (Ex. Business Enterprise Architecture (BEA) or DFAS Blue Book)
- Financial Process Reengineering
Data Standardization and Cleansing
Helping You Avoid Garbage In – Garbage Out
The federal government is realizing the price of “dirty data” and the missed opportunity costs that result from inaccurate, untimely, and incomplete financial information. Data standardization and cleansing within your legacy environment is often overlooked at the onset of transformation efforts, however, this is essential to achieving an unqualified audit opinion. Our Data Standardization and Cleansing Services enable companies to quickly identify and correct inconsistencies in their data leading to immediate improvements in managerial reporting and decision making.
Financial Statement Transformation & Compliance Reporting
The Final Report Card
Wondering how a change in your business operations will effect your financials? Capital City Technologies assists organizations by assessing financial statement impacts of potential transformation efforts (ie. de-capitalization of operations, merging of financial entities, etc). Understanding these financial impacts may save your organization significant costs.
Our Financial Statement Transformation and Compliance Reporting Service can also assist your organization in preparing compliance documentation to support internal and external audits. CCT uses proven methodologies to monitor progress of financial improvement efforts, establish reporting metrics, and produce compliance documentation. |
