Defense Agencies Initiative (DAI)

The Defense Agencies Initiative (DAI) is intended to:

Transform the budget, finance, and accounting operations of the DoD Defense Agencies to achieve accurate and reliable financial information in support of financial accountability and effective and efficient decision-making throughout the Defense Agencies in support of the missions of the warfighter.

Defense Agencies Initiative (DAI) is a critical DoD effort to modernize the Defense Agencies' financial management capabilities.

Objective: To achieve auditable Chief Financial Officer (CFO) compliant business environments with accurate, timely, authoritative financial data. The primary goal is to deploy a standardized system solution to improve overall financial management and comply with the Department's BEA including SFIS, and OFFM requirements.

Scope (Functionality): Implement a compliant business solution with common business processes and data standards for the following business functions within budget execution: procure to pay; order to fulfill; acquire to retire; budget to report; cost accounting; grants accounting; time and attendance; and re-sales accounting.

Benefits:

• Implementation of a single OFFM compliant solution for the Defense Agencies helps many agencies address financial management material weaknesses and deficiencies.
  
• Common use of U.S. Standard General Ledger (USSGL) Chart of Accounts, SFIS, standardized business processes and data standards streamlines interagency accounting.
• Real time access to accurate financial data supports enhanced financial analysis and timely decision making.
  
• Reduced data reconciliation requirements, frees up scarce agency resources to perform more value added activities.