The Department of the Treasury is working on governmentwide standards for shared services and financial management platforms after it was designated as a quality services management office in June 2020, FedScoop reported Wednesday.
David Lebryk, fiscal assistant secretary of the Treasury, said one of the challenges the department needs to address as a QSMO is the integration of core financial management systems to facilitate data sharing.
“Today each agency is really pretty much on their own in this process and therefore, not surprisingly, there have been various outcomes,” Lebryk told the publication. “Some have been successful, and some have not been so successful implementing core financial systems or replacing core financial systems.”
The Treasury QSMO currently operates with six personnel and Lebryk said the fully staffed office will have about 12 employees.
“Hopefully by 2022 we’ll have a fully functional marketplace where agencies actually have the opportunity to select,” Lebryk added.
According to the report, Treasury is coordinating with the General Services Administration (GSA) to come up with a schedule of modern platforms to help agencies automate financial data sharing and access.