IG: Pentagon’s Finance Systems Critically Outdated, Facing Major Challenges

TLDR:

The Pentagon is facing “critical” challenges with its outdated finance systems, according to a report from the Department of Defense Inspector General (IG). The report states that the Pentagon continues to spend too much money on noncompliant and outdated financial systems. The IG identified potential savings of up to $728 million if the Pentagon gets rid of old systems that it has no plans to modernize. The report also found that the Pentagon had an incomplete list of its financial management systems and its plans for system compliance were inadequate. The IG made 31 recommendations to address these issues, and the Pentagon agreed to all of them.