Synergy
Hear compliance and system experts discuss keys to success and how to avoid pitfalls when complying with regulations for federal contracts.
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Since 2016, courts and government contractors have grappled with the implications of the U.S. Supreme Court's decision in Universal Health Services, Inc. United States ex rel. Escobar regarding the interpretation of the False Claims Act (FCA). Simultaneously, the Department of Justice has released several different, sometimes contradictory memoranda regarding the enforcement of the FCA, while continuing to collect billions of dollars each year from settlements with government contractors who violate the FCA.
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As state and local government processes have grown increasingly complex over the past several years, the public sector has seen a widening efficiency gap. Organizations keep acquiring new solutions to streamline workflows, but the machinery of government just gets more and more complicated. Technologies aimed at improving operations just add new layers of complexity and frustration.
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Government CFO and CAO organizations have often struggled with auditability and cash management due to a lack of visibility into financial and procurement processes. A digital twin allows an agency to look at a visual depiction of how all financial processes are running in real-time. This session will demystify the digital twin concept by unpacking lessons learned from a process mining project within a government finance organization.
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