FBMS Benefits

FBMS is a key element in the plan for successful execution of DOI's strategic plan. Key benefits include:

• Replacement of unsupported legacy systems with a system with a long life-cycle and components that are upgradeable

• Improved security and internal controls to help meet compliance requirements from various sources (i.e., OMB A-123)
• A single point of system access that will eliminate redundant administrative tasks and multiple logins
• Creation of consistent, shared tools that will operate on single instance and platform that will help stabilize operations and maintenance costs
• Standardization and integration of business processes across DOI (i.e., Property will "talk to" accounting) while allowing for minor adjustments that may be required for valid business reasons
• Delivery of better cost and performance information by "marrying-up" information both at bureau and departmental levels
• Improved reporting capabilities across module/components that will reduce the time and effort needed to generate reports