Resource Center

The Office of Financial Innovation and Transformation was created to address the need for greater efficiency and transparency in the Federal financial management environment by seeking to identify and facilitate the acquisition or development of automated solutions to reduce duplicate work at individual Federal agencies. FIT has identified approximately $1-2 billion in annual savings opportunities to be had by deploying common technology solutions, expanding shared transactional services, and promoting standardization and benchmarking.

Current Initiatives

• Electronic Invoicing

• Intra-Governmental Transactions

• Centralized Receivable Service

• Data Standardization

• Standard Core Financial System

• Financial Management Benchmarking