Treasury's Financial Management Vision profiles a path to provide citizens with a government that is an efficient steward of its financial resources, gives information that is accurate, and offers modern, seamless and secure financial interactions.
Treasury's strategy is to maximize the efficiency of the financial management operations so that agency CFOs can refocus their attention from transaction processing to program performance management. Standardization leads to consolidation. Consolidation leads to automation. Automation leads to cost savings, improved service, and agency focus.
Financial Innovation & Transformation (FIT) is responsible for developing and maintaining the Financial Management Line of Business (FMLoB) Financial Management Standards. To do this, we work closely with our FMLoB partners and with the Financial Management Standards Committee (FMSC).
Currently, we have four resources for our standards, all of which are aligned with similar parts of the Federal Integrated Business Framework.
This page was last updated on June 22, 2021.