# Presentation: 750645

## Financial Management Line of Business

- Presented by**Wendy Snow and Jon Sandy**

## Financial Management Line of BusinessBackground

- Office of Management and Budget
- Support President’s Management Agenda (E-Government)
- Financial Management Line of Business (FM LOB)
- Vision - Government-wide Financial Management Solution
- Goals
- Achieve Cost Savings;
- Provide Standardized Business Process and Data Elements;
- Promote Seamless Data Exchange Among Federal Agencies;
- Strengthen Internal Controls
- FM LOB Managing Partners
- Department of Energy
- Department of Labor

- Office of the Chief Financial Officer

**Notes:**
Vision:  A Government-wide financial management solution that is efficient and improves business performance while ensuring integrity in accountability, financial controls, and mission effectiveness.

Goals:  Define, analyze, and implement options that:
Achieve or enhance cost savings in the acquisition, development, implementation, and operation of financial management systems through shared services, joint procurements, consolidation, and other means;
Provide for standardization of business processes and data elements;
Promote seamless data exchange between and among Federal Agencies;
Strengthen internal controls through real-time integration of core financial and subsidiary systems.

## Financial Management Line of BusinessBackground

- FM LOB
- Mandated Selection of a COTS Product Meeting New Core Financial Systems Requirements
- Oracle Financials
- Momentum
- SAP
- Directed Selection of  a Center of Excellence (COE)
- Host (Mandatory)
- Host and Implement
- Host, Implement and Provide Financial Services

- Office of the Chief Financial Officer

## Financial Management Line of BusinessBackground

- Government Centers of Excellence:
- General Services Administration
- Momentum
- Department of Treasury – Bureau of Public Debt
- Oracle Financials
- Department of Interior – National Business Center
- Momentum
- Oracle Financials
- SAP (Future)
- Department of Transportation (Service Large Agencies Only)
- Oracle Financials
- Private Sector Centers of Excellence
- Up to Individual Departments Through RFP Process

- Office of the Chief Financial Officer

**Notes:**
USDA did not apply to be a COE – Criteria included experience operating a JFMIP compliant COTS Product.

We are concerned that the approved Government COES may not have the ability to efficiently host USDA.  

## Financial Management Line of BusinessStatus

- OCFO Performing Market Research on Government COEs
- Survey Letter Sent to each Government COE
- Provided a sizing model
- Survey
- Survey Responses Due 10 Working Days after Receipt

- Office of the Chief Financial Officer

## Financial Management Line of BusinessPlans

- Timeline for USDA
- Gather Financial Requirements
- First Session Scheduled May 9 -12
- ERS Waugh Auditorium
- Additional Sessions - TBD
- Issue Request for Proposal for COTS Product and COE
- September 2005
- Evaluate Proposals Including OCD/LTD
- March 2006
- USDA Award New Financial Management Product and COE
- May 2006

- Office of the Chief Financial Officer

**Notes:**
Phase 1 Go Live -  October 2007

Phase 2 Go Live – June 2008

Phase 3 Go Live – January 2009

## QUESTIONS?

**QUESTIONS?**

- Wendy Snow, Associate Chief Financial Officer, Financial Systems
- 202-619-7636
- Jon Sandy, Portfolio Officer, ACFO–FS
- 202-619-7637

- Office of the Chief Financial Officer