From August 17 to 21, the 2019 National Association of State Auditors, Comptrollers and Treasurers (NASACT) conference occurred and featured sessions covering a wide range of topics of interest to state government financial management leaders.
On August 19, AmpliFund President and Founder Adam Roth presented “Path to Success: Steps Toward Statewide Grant Reporting Compliance” with Carol Kraus, Illinois’ Director of the Grant Accountability and Transparency Unit. This presentation was not the only technology-focused discussion of the conference. In fact, a few key insights emerged from this year's conference.
Technology is the future
The most common theme of this year’s conference presentations was the importance of emerging technologies. From the number of presentations about the Cloud to automation discussions to investigating the relationship between security and software technologies, many presenters highlighted that software and technology are key to improving efficiency and accuracy in auditing as well as to adapting to the increasingly younger workforce.
Data is needed for transparency and accountability
Transparency continues to be an important topic of discussion for financial management leaders. It was clear from several presentations that data is, and will continue to be, integral to overcoming transparency challenges and strengthening transparency initiatives. This will be especially Important In the coming years with the increase in federal data and reporting legislation.
Employees are still key
Even though the majority of speakers recognized that technology will play a key role in the future of the financial management space, leaders still need to place a strong emphasis on the workforce. Whether it’s choosing technology that works for your employees or catering to the evolving demographics of the workforce, it was stressed to financial management leaders that employees should remain the main focus.
Congratulations to NASACT on yet another insightful and successful conference! We are eager to continue working with state government financial management leaders on the importance of grants management.