Financial Management

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The Department of Treasury’s Financial Management Quality Service Management Office manages the FM Marketplace Catalog as a resource for agencies to identify and research from over 70 services and solutions that can support their financial management needs to accomplish both agency and shared government-wide goals.

Agencies, begin here - Find FM solutions and get help:

Explore the FM Marketplace Catalog

Hub for Acquisition Professionals

FMQSMO@fiscal.treasury.gov

Treasury FM QSMO Website

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Why does it matter?

Federal agencies manage over $6.8 trillion in annual spending¹. Effective stewardship of taxpayer funds is a responsibility of the Federal Government and the Chief Financial Officer. Common goals and objectives in agency financial management include:

Improving Financial Transparency
Enhancing Internal Controls to Reduce Risk
Integrating Agency Performance with Budgeting
Strengthening Payment Integrity
Automating Financial Processes
Using Data to Maximize Agency Resource Allocation

A high-performing marketplace of the expertise and advanced technologies needed to support delivery on the needs of agency Federal Financial Management will (1) improve the likelihood of success in delivering on the administration's fiscal priorities (2) increase the availability of data to improve transparency, accountability and strategic decision-making in Federal spending (3) increase cost-effectiveness in agency resource optimization (4) improve management efficiency and reduce risk.

^{1 Source:Congressional Budget Office, 2024}

Data and Business Standards

Standardization increases the likelihood of agency success in partnering with industry to procure and deploy modern solutions, improves interoperability across management and operations functions, and avails agency decision-makers with the evidence needed to effectively leverage financial management as a means to deliver on their agencies' priorities.