2. Financial Management
Transformation – End State
New legislation supports
clear, flexible and
effective compliance
regime
Accountability aligned
with authority, and
capability improved
sector-wide
RULES
TOOLS
Governance
and compliance
Information
systems
PEOPLE
PROCESS
Capability,
roles and
responsibilities
Budget,
program and
asset cycles
Transformation
New systems improve
transparency and give
decision-makers the
information they need
Improved processes to
support more strategic
ERC
3. Financial Management Goals
Transformation
RISK
GOAL
AFFORDABILITY
Sustainable
aggregate fiscal
position
VALUE
Value for
money for
taxpayers
Better
services &
stronger
economy
Fiscal gap and debt
growth, unclear
prioritisation,
untested value for
money
PRIORITY
Resources
allocated to
government
priorities
AAA rating,
service &
infrastructure
commitments
at risk
Unreliable data,
inadequate
information, risk of
system failure
5. Goal 2: Priority and Goal 3: Value
Transformation
AFFORDABILITY
Sustainable
aggregate fiscal
position
VALUE
Value for
money for
taxpayers
Better
services &
stronger
economy
PRIORITY
Resources
allocated to
government
priorities
5
13. Financial Management Transformation
– Tools (Information Systems)
New legislation supports
clear, flexible and
effective compliance
regime
Accountability aligned
with authority, and
capability improved
sector-wide
RULES
TOOLS
Governance
and compliance
Information
systems
PEOPLE
PROCESS
Capability,
roles and
responsibilities
Budget,
program and
asset cycles
Transformation
New systems improve
transparency and give
decision-makers the
information they need
Improved processes to
support more strategic
ERC
14. Financial Management Transformation
– People (capability, roles and responsibilities)
New legislation supports
clear, flexible and
effective compliance
regime
Accountability aligned
with authority, and
capability improved
sector-wide
RULES
TOOLS
Governance
and compliance
Information
systems
PEOPLE
PROCESS
Capability,
roles and
responsibilities
Budget,
program and
asset cycles
Transformation
New systems improve
transparency and give
decision-makers the
information they need
Improved processes to
support more strategic
ERC
15. Timing
Transformation
Baseline (to February 2014):
– Develop and submit a fully costed business
case, supported by consultation to develop an
agreed policy position, operating model and IT
Strategy
Implementation (February 2014 to end 2016)
– Implement the policy, ICT, process and
organisational changes identified in the
Business Case
