Why is CAMS being implemented by the Department of Commerce?
• The Joint Financial Management Improvement Program (JFMIP) requires that an Agency s financial management systems be linked together electronically for effectiveness and efficiency. The CAMS Implementation will enable compliance with a number of key legal mandates passed in recent years, which are listed below: • CAMS is being implemented to execute the Department s vision for a sound financial and administrative management system. This requires modernization of its various financial and administrative systems, functions, and processes. • Furthermore, CAMS will provide the NIST financial community and its Customer Bureaus with significant benefits over the current financial environment, including on-line access to timely, detailed data at the line item level, the electronic linking/integration of the related activities of program managers, finance, budget, acquisition and administrative personnel and the reduction of current efforts devoted to reconciliation and error correction.
