| Description |
The mission of the Defense Agencies Initiative (DAI) is to transform the budget, finance, and accounting operations of the entire Department of Defense (DoD) to achieve accurate and reliable financial information in support of financial accountability which will result in both effective and efficient decision making throughout the department in support of the warfighter. DAI’s primary goal is to deploy a standardized system solution to improve overall financial management and comply with the department’s business enterprise architecture (BEA) which includes requirements by the Office of Federal Financial Management (OFFM) and the Standard Financial Information Structure (SFIS). |
| Scope |
Implementation of a compliant business solution with common business processes and data standards for the following business functions within budget execution: procure to pay, order to fulfill, acquire to retire, budget to report, cost accounting, grants accounting, time and attendance, and re-sales accounting. |
| Benefits |
- Implementation of a single OFFM compliant solution for DoD which will helps many agencies address financial management material weaknesses and deficiencies
- Common use of U.S. Standard General Ledger (USSGL) Chart of Accounts, SFIS, standardized business processes, and data standards in order to streamlines interagency accounting
- Real-time access to accurate financial data supports will enhance financial analysis and timely decision making
- Reduced data reconciliation requirements; frees up scarce department-wide resources in order to perform more value added activities
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