Citizant offers an agency-specific approach to DATA Act readiness
CHANTILLY, VA, July 9, 2014 — Citizant has published a new white paper [download PDF] offering federal agencies guidance on how to develop an agency-specific approach to implementing the recently signed DATA Act.
On May 9th, 2014, President Obama signed the Digital Accountability and Transparency Act (DATA Act) into law. This historic legislation increases transparency and accountability in Federal financial management by requiring agencies to standardize how they publish their data related to financial, management, procurement, and assistance programs to various government offices.
According to a legislative analysis by the Data Transparency Coalition, the Treasury Department will conduct a pilot program and then establish new data reporting standards. Agencies will then have 2 years to implement these standards by comparing their existing data to the new government-wide data standards, identifying gaps, and modifying data-exchanges and source systems.
Citizant, a leader in business transformation solutions for Federal agencies, tailors its data-centric, technology-independent approach to help each agency comply with data standards while minimizing impacts to existing financial systems. The major phases in this approach are:
- Discover and Describe existing data sources
- Analyze and Map data to the new exchange model
- Conform and Deliver integrated data to USASpending.gov
- Develop & Re-engineer systems to leverage new data standards as part of ongoing modernization initiatives
The DATA Act presents the Federal Government with an important opportunity to strengthen existing capabilities for transparency and accountability. Incorporating new data standards will help agency CFOs increase the value and utility of financial, budgeting, planning, and award-management systems.
Download a PDF copy of the whitepaper here.