Akela, LLC

Additional FM Solutions

• Chief Financial Officer (CFO) Strategic Advisory Services

  Services supporting Chief Financial Officers and senior financial leadership in executing statutory and governance responsibilities across financial management functions. Support includes strategic planning facilitation; financial management maturity assessments; governance framework development; policy and organizational assessments; financial management transformation planning; business process re-engineering; performance metric development; and coordination across budget, accounting, risk, and program offices. Services are provided in accordance with OMB Circular A-11; OMB Circular A-123; OMB Circular A-136; Federal Managers' Financial Integrity Act (FMFIA); Federal Financial Management Improvement Act (FFMIA); and other applicable federal financial management statutes and guidance governing CFO Act agencies.

• Grant and Loan Program Support Services

  Services supporting the full lifecycle of federal grants; cooperative agreements; and loan programs, including pre-award; award; servicing; monitoring; and closeout activities. Support includes development of program policies and standard operating procedures; risk assessments; credit underwriting and eligibility review support; recipient and borrower servicing and monitoring frameworks; desk review procedures; cost allowability evaluations; program performance and analysis; credit reform accounting activities; single audit follow-up; and coordination across program, finance, credit, and oversight functions. Services are provided in accordance with 2 CFR 200; the Federal Credit Reform Act (FCRA); OMB Circular A-11; credit program requirements; applicable program statutes; and Single Audit requirements.

• Accounting and Financial Reporting Support

  Services supporting federal accounting operations and financial reporting activities across budgetary and proprietary accounting environments. Support includes accounting research and technical analysis; development of accounting position papers; reconciliation and transaction support; period-end and year-end close assistance; preparation and review of financial statements and footnotes; and documentation of accounting policies and procedures. Services are provided in accordance with Federal Accounting Standards Advisory Board (FASAB) standards; OMB Circular A-11; OMB Circular A-123; OMB Circular A-136; the United States Standard General Ledger (USSGL); and other applicable federal accounting and reporting requirements.

• Audit Support and Remediation Services

  Services supporting financial statement audits; internal control audits; and external oversight engagements, including Inspector General (IG) and GAO reviews. Support includes audit readiness; development and documentation of policies, procedures, narratives, and risk and control matrices; walkthrough facilitation; testing support; preparation of audit deliverables; coordination of auditor requests; and development, tracking, and validation of corrective action plans. Services are provided in accordance with OMB Circular A-50; OMB Circular A-123; OMB Circular A-136; Federal Managers' Financial Integrity Act (FMFIA), and other applicable federal financial management and reporting guidance.

• Payment Integrity Support

  Services supporting improper payment risk management; estimation; reporting; and recapture activities within federal programs. Support includes improper payment risk assessments; design of controls to prevent improper payments; development and documentation of estimation methodologies; statistical sampling support; testing of transactions; documentation of results; reporting preparation; and audit liaison activities. Services are provided in accordance with the Payment Integrity Information Act (PIIA); OMB Circular A-123; other authoritative guidance related to improper payments; and applicable agency-specific requirements.

• Risk Management: Compliance, Monitoring, and Internal Controls Support

  Services supporting risk management; compliance oversight; and internal control programs within federal financial management environments to promote program integrity and prevent fraud, waste, and abuse. Support includes development and execution of risk assessments; documentation of internal control frameworks; preparation of narratives and risk and control matrices; testing of design and operating effectiveness; monitoring program development; compliance reviews; and remediation tracking. Services are provided in accordance with OMB Circular A-123; Federal Managers' Financial Integrity Act (FMFIA); and other applicable federal governance and control standards.

FM Adoption and Transition Services

• FM Organizational Change Management Support Services

  Services supporting federal financial system modernization; Enterprise Resource Planning (ERP) system implementation; shared service migrations; and financial management solution adoption initiatives. Services include transition planning; governance structuring; stakeholder engagement; communications planning; change readiness assessments; training development and delivery; business process re-engineering; data migration coordination; cutover planning; and integration of financial system workflows across program, budget, accounting, and reporting functions. Support also includes development of implementation roadmaps; stakeholder impact analyses; user support models; documentation updates; and coordination activities necessary to transition from legacy environments to modernized financial management solutions.

• FM Systems Modernization - Migration and Adoption Strategic Planning and Support Services

  Services supporting migration and adoption strategic planning. Services include development of modernization strategies, target state operating models, and system transition roadmaps; assessment of legacy financial environments; requirements validation and alignment; data migration strategy and planning; integration planning across core financial, feeder, and reporting systems; and governance frameworks to manage modernization initiatives. Support also includes cutover strategy development; environment readiness assessments; stakeholder coordination; documentation of future-state processes; and planning activities associated with ERP implementations, shared service transitions, and financial management platform consolidation efforts.