SAND Helps DC Office of the Chief Financial Officer Make Business Sense out of Complex Data Set
The mission of the Office of the Chief Financial Officer (OCFO) is to enhance the fiscal and financial stability, accountability and integrity of the Government of the District of Columbia. The OCFO is responsible for operating and maintaining a coordinated financial management system to budget, collect, control, and properly account for more than $7 billion in annual operating and capital funds, and monitoring budget performance during the fiscal year.
A major systems integrator, acting as an outsourced IT department, had spent more than three years replacing all the back-end OLTP applications at the Washington, DC Office of the Chief Financial Officer. After local tourism dropped and revenue dried up – but expenditures did not – the department’s managers knew that they had a severe budget prob- lem, but could not get the information they needed in order to manage effectively. The integrator was asked to fix the problem as quickly as possible, and they pointed the client team to SAND.
The new analytics and reporting platform gave the Washington, DC Office of the Chief Financial Officer a clear understanding of their data, enabling them to make informed and effective decisions. The results were particularly useful for identifying taxpayers who were delinquent or in arrears, and payback was estimated at 10x. Equally importantly, the results were achieved quickly.
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