The IRS, working with Computer Sciences Corporation (CSC), is committed to overhauling its systems by looking for ways to vastly improve its internal financial management processes. CSC has announced this week that it has selected the mySAP.com(r) e-business platform to support the initial phase of the IRS's Integrated Financial Systems modernization initiative.
The IRS established the Integrated Financial Systems initiative to improve budgeting processes, managerial accounting processes and revenue accounting for the Service. By Congressional mandate, all government agencies are required to purchase financial management software to help eliminate duplicate reporting and improve the consistency of data reported across government.
The cornerstone of the initiative will utilize mySAP Financials, giving IRS employees better access to internal financial data and operational information to help improve decision-making.
"Major government agencies like the IRS are realizing the efficiencies they can achieve through greater transparency in their financial management systems," said Tom Shirk, senior vice president, Public Services, SAP AG.