It's no secret that the U.S.Postal Service has struggled for years against such headwinds asprivate-sector competition, digitization and unfunded governmentmandates including six-day-a-week delivery service. But under CFOJoe Corbett, the $67 billion government-owned, commerciallyoperated organization, which won a Gold Alexander Hamilton Awardfor Cash Management in 2009, continues to find new opportunitiesamong the many challenges.

T&R: Despite all the financial changes theUSPS is going through, you managed to create best-in-classinnovations with your AHA award for cash management. Are there moreinnovations to come?

Corbett: Absolutely. Wewere the first government entity to implement Sarbanes-Oxley. Wecompleted the implementation in our fiscal year ending September2010, and we got a clean opinion from our audit firm, Ernst &Young, in November of last year. It was an enormous task when youthink about it. Everyone bet we weren't going to be able to do it.It's nice to be able to overcome that, because the odds are againstan organization that is decentralized, with 36,000 locations, thelargest retail network in the county and a long, long legacy, soyou have systems built on top of systems.

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