Products & Services |
Enterprise Delinquent Debt Management |
While the Department progresses with Enterprise Resource Planning (ERP) system implementation, capabilities within ERP systems can help DoD diminish its Accounts Receivable material weakness. The Enterprise DoD Delinquent Debt Management Guidance defines a standard end-to-end solution for managing public accounts receivables and provides standard values for Department of Treasury interfaces. As a means for managing the DoD's public receivable and debts, this guidance focuses on eliminating the known material weakness, reducing unique requirements, and streamlining business practices. This enterprise solution encompasses a comprehensive end-to-end accounts receivable process that fully utilizes the inherent capabilities of Enterprise Resource Plans (ERPs). The solution includes standard record formats for exchanging data between the entitlement systems and target accounting systems, and between the target accounting systems and Treasury Financial Management Serivce (FMS) Debt Management Services. Patterned on the Federal standard, the Treasury Integrated Agency Interface (IAI) format, DoD's Enterprise Delinquent Debt Management Standard incorporates the Standard FInancial Information Structure (SFIS) and other key accounting identifiers to drive standardization and technology acquisition, processes, and systems, the enterprise solution is a fully compliant means to transfer collection responsibility for a greater volume of eligible debt to Treasury in a compressed timeframe. Under the enterprise solution, the collection responsibility for collection of eligible debt over $25 is transferred to Treasury at 90 days delinquent. The result not only increases the level at which delinquent debt owed the Department will be pursued, but also expands the collective effort at the Federal level to recoup those outstanding debts.
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