The Office of Management and Budget and the Treasury Department have designated four offices to provide shared accounting services to federal agencies.
OMB and the Treasury reviewed applicants on the merits of their leadership commitments, system evaluations and scaling operations, Beth Cobert from OMB and Dick Gregg of the Treasury said Friday.
The four providers for financial management are the Agriculture Department’s National Finance Center, the Interior Department’s Interior Business Center, the Transportation Department’s Enterprise Services Center and the Treasury’s Administrative Resource Center.
“Using a financial management shared service provider will help agencies reduce the risk of new system implementations, allow for faster and less expensive technological innovation, provide long-term cost savings, and meet government-wide requirements and deadlines,” Cobert and Gregg said.
“As a result of these improvements, agencies will be able to focus more of their resources and leadership attention on mission-based programs,” they added.
The project comes under a White House initiative to streamline internal service delivery of core administrative functions in the government.