The U.S. Treasury is updating eligibility criteria for federal agencies that aim to deliver financial management services to other departments as part of an outsourcing push, Federal News Radio reported Thursday.
Jason Miller writes the Office of Management and Budget requires that agencies initially consider qualified federal shared services providers when they need help updating their financial infrastructure.
Beth Angerman, director of the Treasury’s Office of Financial Innovation Transformation, told a panel discussion Wednesday the
agency is slated to begin the application process this fall.
“What we think that will be doing, in the spirit of transparency, is helping to identify areas for improvement when it comes to cost,” Angerman said, according to the report.
Federal News Radio reports the Transportation Department, Administrative Resource Center, General Services Administration and Interior Business Center are among the financial services providers in government.
Angerman added the Treasury will look into potential private-sector vendors after updating the list of internal providers, Miller writes.
The Environmental Protection Agency, NASA and the Department of Veterans Affairs reportedly are interested in joining the shared services program.