Federal agencies are continually navigating a complex web of regulations while striving to maintain financial stability and uphold operational integrity. The Office of Management and Budget (OMB) Circular A-123 establishes stringent requirements for financial management and internal controls within federal agencies. Compliance with these regulations is not only administrative but fundamental to operational integrity and public trust.
Archer OMB A-123-Aligned Accelerator facilitates adherence to these objectives through Archer’s integrated risk management platform, enabling federal agencies to identify, assess, and mitigate risks across all operations while ensuring alignment with strategic planning processes. With this offering, you can establish management of an end-to-end financial compliance program for regulations such as OMB A-123 and streamline agency obligations alongside other compliance programs. The offering also provides automation of notifications and reminders, reducing manual oversight and ensuring timely compliance actions.
The Archer OMB A-123-Aligned accelerator enhances your existing use cases so that you can:
- Document, test, and manage changes to key control flows and processes that affect reporting elements
- Create projects to manage the compliance testing and determine what controls should be in scope for each test cycle
- Catalog a consolidated view of risks and internal controls within the organization
- Monitor risks against established tolerances and risk appetite
- Manage risk alternatives on a consolidated basis
- Ensure that all stakeholders are engaged in risk management commensurate with their scope of responsibility
- Provide consistent risk and control reports from one consistent system of record
- Establish an organized, managed process to escalate, approve, and remediate
Interested in learning more about the Archer OMB A-123-Aligned Accelerator? Join us for a Free Friday Tech Huddle on June 21, 2024 for an overview and live demo. Free Friday Tech Huddles are only available to Archer customers and pre-registration is required. If you are not yet a customer but you are interested in learning more, please contact your local representative or authorized reseller — or visit us at www.archerirm.com.
