Fleet Readiness Center Southwest Accounting Automation Team Wins Financial Award

TLDR:

• Fleet Readiness Center Southwest wins DOD Financial Management Award for their innovative contributions to data-driven decision-making.
• The Accounting Automation Team developed the “Missing Time Application” to automate and streamline Time Attendance and Payroll timesheet exceptions.

The Fleet Readiness Center Southwest (FRCSW) has been awarded the Department of Defense Financial Management Award for their innovative approach to financial management. The FRCSW Accounting Automation Team developed the “Missing Time Application” to automate and streamline the handling of Time Attendance and Payroll timesheet exceptions. This application generates timely notifications for supervisors, ensuring that issues are resolved before the pay period closes. By collaborating with the IT team, FRCSW was able to develop an automated workflow application that distributes reports to supervisors, reducing manual efforts, improving internal controls, and enhancing workflows.

The successful implementation of the “Missing Time Application” project has led to early identification and intervention of incorrect labor transactions, enabling timely corrections and improving data quality. This automation has also led to a rebalancing of work hours for Comptroller personnel, shifting time from raw data compilation to more strategic activities like data analysis and decision support. FRCSW’s dedication to improving financial management processes has not only ensured accurate payments for employees but also significantly reduced the time spent on pay discrepancy corrections.

FRCSW’s achievements will be recognized at the DoD FM Conference, showcasing the high standard of excellence and dedication within the Department of Defense. Their innovative approach to financial management sets a precedent for other organizations to streamline processes and empower professionals to focus on critical thinking and problem-solving.