T116: Challenges & Lessons Learned in G-Invoicing
- Room: Grand A-D
- Session Number:T116
Tuesday, July 19, 2022: 1:05 PM - 2:20 PM
Description
G-Invoicing is the federal government’s solution to intra-governmental transactions. Successful implementation requires accountants to be involved in system design and implementation. Learn from federal G-Invoicing leaders about risks and opportunities in the new system.
Key Take-aways
• G-Invoicing impacts intra-governmental transactions business processes and demands substantial effort in program and change management, technology, data
analysis and reconciliation, and business process re-engineering.
• G-Invoicing remediates accounting issues with intra-governmental eliminations and requires effective internal controls.
• Accountants are crucial to successful remediation in partnership with IT, performance and operations teams.
Learning Objectives
Understand the basics of federal G-Invoicing and how it can remediate intragovernmental eliminations material weaknesses. Recognize potential risks and opportunities for agencies in the implementation of G-Invoicing. Identify ways the finance organization can help implement G-Invoicing in data analysis, business process re-engineering, change management, and systems.