Financial Management Services

Today, more than ever, Federal, State, and Local executives are challenged to deliver the best performance and highest level of accountability for the American people. Essential to building this accountability is a strong financial management program.

At Paragon, we understand that these executives need timely, useful and reliable management and financial information, as well as the appropriate performance measures to deliver cost-effective and efficient federal programs.

We believe that a strong financial management program has five components that provide the essential infrastructure to enable successful programs and accountability for results. These components are:

Modern Financial Management Systems,
Integrated Processes and Information,
Timely, Useful, and Reliable Financial Reporting and Analysis,
Comprehensive Performance Measurements, and
Highly Skilled Financial Management Personnel.

The overall objective of performing financial management services is to support decision makers (business and financial statement users) with assurance that the financial information is reliable, internal controls are effective, and that the organization is in compliance with the laws and regulations. To achieve these objectives, Paragon's approach to financial management services focuses on the following:

Comprehensive development, planning and meticulous execution of structured processes and procedures for evaluating, testing, remediating, monitoring, and reporting on financial data, controls and compliance.
Integration of financial and internal control processes with technology to ensure that appropriate controls are in place to enable compliance.
Focus on development of:
- Clearly defined roles, responsibilities, and accountability.
- Education and training to reinforce the "control environment".
- Adaptability and flexibility to respond to organizational and regulatory change.

Paragon provides the business with the clear solutions needed to support financial management best practices. We provide a tailored financial solution via:

Comprehensive and Complementary Business Solutions.
Customized Solutions to Adapt to your current Programs, Processes, Systems, and People.
Both short-term and long-term strategies to deliver desired program results.

You know your business. That is why we spend our time, up front, understanding your problems, discovering your processes, and proposing solutions that will provide the greatest benefits to your organization. Our team works hand-in-hand with your organization to make sure that the solution fulfills your needs, and that you are poised for success.

Risk Assessments

Operational and Financial Risk
Readiness Audit
Accounting Policy and Procedure Review

Compliance Review

Internal Control Reviews
A-123 / SOX Reviews
Assurance Statement Review
A-127 Financial Management Assessment and Systems Development
FFMIA Compliance

Accounting Operations Support

Accounting and Financial Management staff support
Internal Audit Support
External Audit staff augmentation
Use-case analysis
Budget Formulation Support