WHY IS CAMS BEING IMPLEMENTED AT THE DEPARTMENT OF COMMERCE?

How CAMS will help achieve this vision:

• Capture information at the source of the transaction, move it electronically both vertically and horizontally, between program managers, financial, budget, acquisition and administrative personnel
• Improve customer service through real time communication
• Facilitate the long term transition from a focus on data entry in the DCFO to a focus on data analysis

• System is batch driven


• Does not provide real time information


• System is not integrated Redundant, manual process associated with Cost Accounting are time consuming


• Cost Accounting is not SGL compliant


• Associated processes are paper intensive
  

• Modernizes financial and administrative systems, functions, and processes
• Reduces reconciliation effort
• Eliminates many paper documents
• Automatically validates funds availability Incorporates and online approval system
• Fully integrates or interfaces functional applications
• Improves consistency between Operating Units

• Meets JFMIP, OMB, GAO, and Treasury requirements
• Fulfills department mandate
• Meets internal and external reporting requirements
• Addresses a departmental material weakness identified in IG audits
• Meet's President's agenda to improve efficiency and financial systems
• General Ledger will be SGL compliant at the transaction level
• DOC will share a standard financial management system

• Provides detailed transactional data at the line item level
• Contains real time accounting information
• Ensures data integrity through online edits

AND MORE…The CAMS Implementation Team will identify and communicate both general and group specific benefits as the implementation progresses!