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The Future of Federal Financial Management

The Future of Federal Financial Management

Learn more about how we're making progress, planning continuous improvement, and highlighting our customers and those who serve them.

We're transforming federal financial management. Here's how.

Optimizing federal disbursing

We're creating a seamless end-to-end process that is all electronic from the initiating transaction through settlement: more efficient, faster, and secure.

Transforming federal collections

We're providing citizens with a variety of modern electronic options for paying federal taxes, charges, and fees, and offering a central collection service that maximizes accounts receivable.

Strengthening financial reporting

We're providing citizens interactive on-line sites to learn about the government's financial activities, and moving toward creating a single financial statement with a clean audit opinion.

Expanding services available to agencies

We're providing financial transaction processing to agencies to boost government-wide efficiency.

A Roadmap to the Future

Federal financial management is transforming with new roles for CFOs, a focus on strategic use of data, and clear goals moving forward concentrating on customer needs.

How we're moving forward
Progress Statement 2018:
The Future of Federal Financial Management
01/10/2019

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Ten initiatives for disbursing, collecting, reporting, and expanding services
Annual Fiscal Service Letter to Chief Financial Officers
08/01/2018

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A vision of new CFO goals and a focus on data
The Future of Federal Financial Management
05/30/2018

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Transformation Stories

Transformation. In federal financial management, that means finding new ways to operate smarter, faster, more efficiently, and more accurately, with a focus on our customers – the millions of citizens who rely on us. We’re exploring ways that drive improvement throughout federal financial management, with clear goals and a dedicated, talented team (are you in federal financial management? You're in). Watch this space as we share a new transformation story every month that shows how real change happens.

We call it strengthening financial reporting.
Tim calls it measuring impact.


"With the DATA Act, we can now identify the geographic location of grants and combine that data with employment and census data to evaluate the true impact of our agency's programs."

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The Latest

Advancing the FM Vision with Action: Getting to Know the Progress Statement
02/25/19

Advancing the FM Vision with Action: Disbursing Means Getting Paid, and We’re good at that
02/14/19

Advancing the FM Vision with Action: Providing a Balanced View of Federal Finances Using GTAS
02/07/19

The Next Generation of Federal Financial Management: Five Innovations Shaping the Future
12/17/18

Advancing the FM Vision with Action: Ringing in the New Year with Do Not Pay
12/14/18

Advancing the FM Vision with Action: Modernizing the Lockbox
11/27/18

Advancing the FM Vision with Action: Managing Collections so You Don’t Have To
11/16/18

Advancing the FM Vision with Action: Follow the Money with USASpending.gov
11/02/18

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Last modified 02/25/19