Memorandum Report 16-07: Loan Management and Accounting System Incremental Improvement Projects Progress

This memorandum report presents results of our review of the Small Business Administration’s (SBA) Loan Management and Accounting System (LMAS) Incremental Improvement Projects (IIPs) progress.  The objective of our review was to evaluate SBA’s progress in implementing the remaining LMAS IIPs.

The LMAS IIPs were are a series of focused and cost-effective information technology (IT) projects intended to upgrade financial software and application modules in SBA’s legacy Loan Accounting System.  The majority of the IIPs were completed prior to our review but some projects remained opened.  In January 2015, SBA completed the remaining IIPs and fully migrated all core financial components off the mainframe.

We found that the transition to production generally complied with SBA's system development method but noted that the migration of some user interface screens was delayed. Based on the results of this review, we made one recommendation for the Office of Capital Access in coordination with the Office of Chief Information Officer to conduct a security impact assessment and reauthorize the Capital Access Financial System for operation. SBA agreed with this recommendation.