T125: The Future of Government Financial Reporting

  • Room: Orange County Ballroom
  • Session Number:T125
Tuesday, July 19, 2022: 2:35 PM - 3:25 PM
Speaker
Alaina Bowers
Operations Manager, Ohio Checkbook
Office of the Ohio Treasurer
Speaker
Christina Frass
Assistant Director
Ohio Office of Budget and Management
Speaker
Jaime Saling
Directorate Director, Financial and Budget Reports Division
Bureau of the Fiscal Service, U.S. Department of the Treasury
Moderator
Robert Bell MBA, CGFM
Senior Staff Accountant
U.S. Dept. of Treasury

Description

Innovations in technology and data are driving the evolution of financial management in commercial and government sectors in the U.S. and abroad. Learn from federal, state and other government leaders about their achievements and challenges in this arena.

Key Take-aways

Key Takeaways:
• With the ever-increasing demand for information, organizations must take a customer-centric approach to financial data strategy.
• Innovations, such as blockchain, triple entry accounting, application programming interface, and digital controllership, improve the use of technology and data as well as customer focus.
• CFOs aim to transform financial management by eliminating process inefficiencies, breaking down costly silos, and optimizing the value of computing power and data, resulting in more integrated public information and services.

Learning Objectives

Explore the breadth of technology and data innovations shaping government financial reporting at the federal, state, and international levels. Gain insight into the driving forces behind these innovations, as well as the enabling technologies and challenges. Find out how different sectors use innovative solutions to streamline financial processes and eliminate friction from fragmented systems, intra- and cross-process logjams, manual intervention, and data discrepancies.