Based on our experience with many different agencies of varying size and differing missions, we have concluded that there are many common core federal accounting practices. We have leveraged this experience and standardized our implementation methodology for our Oracle Federal Financials product line. Our implementation approach enables agencies to maximize business efficiencies through the use of commercial off the shelf software while still taking advantage of the flexibility offered by Oracle applications. Using the off-the-shelf functionality of Oracle's Federal Financials application as a baseline, the NBC has incorporated enhancements that make the product even better. For example:
- We have predefined hundreds of Treasury compliant transaction codes that we will pre-populate in client instances of Oracle Federal Financials. These transaction codes are automatically assigned to each transaction based upon the cost structure elements in a document. Our transaction codes automatically populate all required proprietary and budgetary entries at once. No other integrator can offer this enhanced functionality.
- We have developed a standard interface application to support integration with external systems and the financial management systems supported by the NBC. This standard interface approach enables the NBC to quickly configure and implement an agency's interface requirements, thereby lowering overall implementation and integration costs.
- We have defined standard Federal setup and configuration procedures that help manage project risk and result in a shorter implementation cycles.
The benefits of implementing Oracle Federal Financials at the NBC extend beyond the application software. The NBC's production support model provides users with a secure, full-service hosting environment that is fully compliant with all Federal regulations and audit requirements, including SAS 70. The NBC also provides comprehensive help desk services with expertise that spans Federal financial accounting, Oracle Federal Financials, and technical support in an open systems environment. The quality of customer service combined with the depth and breadth of our team's expertise is unmatched.
For small agencies, the NBC offers it shared services solution, using Oracle Federal Financials as its foundation. This cross servicing approach provides small agencies with comprehensive administrative services, using state-of-the-art systems, at a fair and reasonable price. Specifically, small agencies will realize the following benefits:
- Lower overall cost of administrative services through cost sharing.
- State of the art solutions at a reasonable price. Cost sharing makes the latest technology affordable for small agencies.
- A flexible environment AND the benefits of reduced cost through shared services. Cost sharing doesn't mean a standard implementation for all. Each agency can define its own unique requirements in the NBC's shared solution.
- Quick response to changing regulatory and management requirements. The NBC takes the burden off our customers' shoulders by constantly analyzing all Federal requirement changes for their impact on our clients, updating Oracle configurations as needed, and recommending modifications to client business practices where appropriate.
The NBC is recognized as a premier service provider within the Federal government. Throughout the NBC, we emphasize customer service as the key to our cross-servicing success. Excellence in customer service is our primary mission.
The NBC has 30 years of experience in cross-servicing Federal agencies for administrative services. We do it all, and it's all we do. No other Federal agency or commercial enterprise offers either the depth and breadth of our team's expertise and experience, or the variety of products and services that we furnish. As one gauge of our proficiency, the NBC was selected to be one of only four government-wide payroll providers for the entire Federal workforce. More than 1,000 employees in four centers stand ready and able to give your agency the dedicated attention and diligent customer service it needs and deserves.
For any agency contemplating a financial system upgrade, the NBC has a complete solution for your agency at significant cost savings, while providing the flexibility to meet your agency's specific needs.
For more information
Doris Schmidt
Doris_A_Schmidt@nbc.gov
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