U.S. flag

An official website of the United States government


Invitation to Comment: Proposed Updates to Federal Financial Management Business Standards

The Federal Financial Management (FFM) business standards, part of the Financial Management Capability Framework (FMCF), are available on Regulations.gov for public comment through August 19, 2024. 

The FMCF is used for evaluating and ensuring that Marketplace solutions and services, including core financial systems, meet baseline needs and comply with federal policies.

Your feedback helps ensure that business standards and the FMCF are comprehensive and usable as a foundation for agencies and the FM Marketplace.  Please e-mail FMQSMO@fiscal.treasury.gov with any questions.

(Update posted 07/11/2024)


  • GSA issues Bulletin (ETS 24-01): Transition to E-Gov Travel Service, Next Generation (ETSNext)

    The General Services Administration (GSA) recently issued Bulletin ETS 24-01 to inform agencies of the upcoming transition from ETS2 to ETSNext and give agencies guidance on how to prepare for and complete the transition. The ETS2 master contracts expire on June 3, 2027, and agencies will need to adopt ETSNext no later than February 2027.

    All agencies with mandatory users should start engaging now with GSA to determine budgets and timelines for transition to ETSNext. This includes each agencies’ prioritization for financial management (FM) systems integration.

    More information about the transition to ETSNext can be found in bulletin ETS 24-01 on the Federal Travel Regulation website at gsa.gov.

    (Update posted 05/14/2024)

  • Treasury Financial Manual (TFM) Website Change

    For your awareness, starting March 29, 2024, the Treasury Financial Manual (TFM) website will no longer be accessible and the TFM will only be available on the Treasury Financial Experience (TFX) website.

    If you use the TFM regularly we suggest becoming familiar with the new TFM platform.

    (Update posted 03/25/2024)

  • Promoting Payment Integrity and Financial Fraud Prevention: Request for Information (RFI)

    Promoting Payment Integrity and Financial Fraud Prevention: Request for Information (RFI)

    The Department of the Treasury, Bureau of the Fiscal Service is seeking information about what financial fraud identification and management solutions exist in the market and also the tools and solutions both for reducing improper payments and preventing financial fraud.

    More information about the RFI (RFI-FSA-24-065) is available on SAM.gov at https://sam.gov/opp/3fa9aed8e4f84aaca0967bf7e50b849d/view.

    (Update posted 03/20/2024)

  • Register now for SSLC's Executive Shared Services Training Program!

    The Shared Services Leadership Coalition (SSLC) and the Trachtenberg School of Public Policy and Public Administration of The George Washington University (GW) announced an expansion of last year's shared services training program, Federal Shared Services: Leveraging a Best Practice to Improve Government.

    This year's program will offer a BASIC track teaching the fundamentals of how shared services work and how they are being implemented in the Federal environment.

    The ADVANCED track is offered for more experienced leaders to learn more about how shared services are evolving in industry and how they can be used to drive modernization in government. The courses will be taught by GW professors and leaders from industry and government who are experts in these areas.

    Participants who finish the program will get CPE credits from the Trachtenberg School. For more information on dates, cost and to register, visit https://sharedservicesnow.org/fss/.

    (Update posted 01/11/2024)

  • OMB MAX Community Transitioned to USDA's Connect.gov

    On November 8, 2023, the United States Department of Agriculture (USDA) started the process to migrate data from OMB MAX to Connect.gov. After December 4, 2023, all content will be available on Connect.gov.

    USDA will be using the same authentication methods as OMB MAX, so current users will transition to Connect.gov and user impact is expected to be small. FM QSMO resources that are now on OMB MAX, specifically the Best Practices and Lessons Learned repository, will continue to be available through Connect.gov.

    (Update posted 12/06/2023)

  • Financial Management Capability Framework (FMCF) FY2024 Update

    The FM QSMO released its annual update to the Financial Management Capability Framework (FMCF). The FY 2024 FMCF update aligns with approved changes to Federal Financial Management (FFM) standards and includes other changes to financial management processes and data that impact core financial systems.

    The significant updates relate to G-Invoicing, feedback from other lines of business, and the DATA Act Information Model Schema (DAIMS).

    Summary release notes are available on the FMCF web page and each component also includes detailed changes specific to each document.

    (Update posted 12/06/2023)

  • FM QSMO Marketplace Acquisition Information is now available in the new Acquisition Gateway

    On September 1, 2023, a new, modernized Acquisition Gateway launched. Through the new Acquisition Gateway on AcquisitionGateway.gov, users will continue to find government-wide content and applications, while other GSA-specific features, such as the Independent Government Cost Estimator (IGCE) tool and the RFQ Wireless Generator, will be migrated to buy.gsa.gov.

    New features on AcquisitionGateway.gov include:

    • New, user-friendly interface
    • A new URL with links that are customized by content area;
    • Improved search functionality
    • Easily navigate to information, applications, and tools
    • Direct access to key acquisition programs like Category Management and the gov-wide QSMOs, including FM QSMO Marketplace acquisition related information

    Stakeholders who use Acquisition Gateway to access FM QSMO Marketplace acquisition information should update their web links and/or bookmarks to reference the new Acquisition Gateway site as soon as possible.

    (Update posted 09/12/2023)

  • The FM QSMO is excited to announce the first cloud-based Core Financial System (Core FS) in the FM QSMO Marketplace!

    Visit the FM QSMO Marketplace to learn more about the addition of CGI Federal's Momentum solution. As the FM QSMO continues to expand the Marketplace, this represents significant progress in meeting agency needs for modern financial systems and fulfilling shared government-wide goals.

    For information and guidance on how to apply to SIN 518210FM or obtain solutions or services from the Marketplace, please visit our resources page.

    Please e-mail FMQSMO@fiscal.treasury.gov with any questions.

    (Update posted 07/28/2023)

Contact Us 


Last modified 06/20/24