The Oracle® Federal Financials System is the engine behind CFM's comprehensive financial management services. This secure, cloud-based platform powers CFM's financial management and procurement services, and fully integrates human resources and travel services.
Solutions
CFM's Integrated Oracle Federal Financials Platform provides tailored and scalable solutions that meet your agency's financial management needs.
AVAILABLE SOLUTIONS:
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Your agency retains flexibility in program configuration in the CFM's Integrated Oracle Federal Financials Platform; however, some standard elements are maintained, such as:
- conforming to one accounting calendar,
- a single list of U.S. Standard General Ledger codes, and
- Office of Management and Budget (OMB) Object Classes.
Systems
CFM's Integrated Oracle Federal Financials Platform is connected to 20+ systems, comprised of third-party externally hosted systems and internally hosted systems in CFM. Third-party hosted external systems are government-wide and proprietary, meaning they are owned by a federal agency or commercial vendor.
GOVERNMENT-WIDE SYSTEMS:
- Automated Standard Application for Payments (ASAP)
- Classification Transactions and Accountability (CTA)
- Digital Accountability and Transparency (DATA) Act Broker
- Do Not Pay
- e-Payroll (All OPM approved payroll providers)
- Federal Procurement Data System – Next Generation (FPDS-NG)
- G-Invoicing
- Governmentwide Treasury Account Symbol (GTAS)
- Intra-Governmental Payment and Collection (IPAC)
- International Treasury Services (ITS.gov)
- Invoice Processing Platform (IPP)
- Payment Automation Manager (PAM)
- System for Award Management (SAM)
- Secure Payment System (SPS)
PROPRIETARY SYSTEMS:
- CitiManager: Citibank purchase card system
- ConcurGov: SAP travel system
- Grants Management Module (GMM): HHS grant system
- InvestOne: BFS investment application
- oneARC: Salesforce GovCloud platform
- OneStream XF: OneStream reporting application
- Payment Management System (PMS): HHS grant system
- US Bank: purchase card system
CFM HOSTED SYSTEMS:
- PRISM: acquisition management
- MoveLINQ: relocation management
- GovTA: payroll management
Customization
CFM's Integrated Oracle Federal Financials Platform features many custom-built Oracle modules. These CFM-developed applications provide specialized service unique for only CFM customers.
| CFM IPAC | Streamlines processing of Intra-Governmental Payment and Collection (IPAC) collections from federal trading partners |
| CFM Payroll | Integrates payroll data with the four OPM-approved federal payroll providers |
| CFM Predict | Produces projection reports by combining payroll actuals data with various user provided projection parameters |
| CFM DATA Act | Produces two of the required files for Digital Accountability and Transparency Act (DATA) reporting |
| CFM TIER | Creates Treasury Information Executive Repository (TIER) report files |
| CFM InvestOne | Provides investment accounting and reporting for customers who invest in Government Account Series securities |
| Foreign Currency Reporting | Produces reports in US Dollar equivalent foreign currency holdings and transactions at both the Treasury Account Symbol and US Dollar levels |
Microservices
CFM's Integrated Oracle Federal Financials Platform uses modern service-oriented CFM architecture (SOA) to create microservices. CFM Microservices are strategically built from “clusters” of integrated services to provide greater benefit for CFM customers.
REAL-TIME INTEGRATION SERVICES:
- oneARC accounting flexfield (flexible data field)
- System for Award Management (SAM) suppliers
REAL-TIME INTEGRATION AND FUNDS CHECKING SERVICES:
- Grants and awards
- PRISM purchase orders (PO)
- PRISM requisition
- Travel authorizations
- Travel vouchers
Data
CFM's Integrated Oracle Federal Financials Platform imports data for 20+ transaction types using an application programming interface (API). APIs provide an automated method to create or update data in the platform and improves accuracy and efficiency, as compared to manual entry.
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Reporting
CFM's Integrated Oracle Federal Financials Platform provides sophisticated reporting solutions with Oracle Business Intelligence Enterprise Edition (OBI) and OneStream XF. CFM customers can dive deeper into financial data for better visibility and insights and conquer reporting complexity that often accompanies statement reporting.
OBI:
OBI is a web-accessible reporting tool that uses common data mining capabilities, such as drilling up/down and queries, to produce real-time data views and analytics. It generates reports using data from Oracle, PRISM, and CFM-developed Oracle modules.
OneStream XF:
OneStream XF is a cloud-based financial consolidation and reporting solution that streamlines preparation of agency financial statements, notes, and reconciliations. CFM customers can:
- view draft statements,
- review reports,
- drill down on transactions to lower levels, and
- leverage many user roles.
Security
Knowing that CFM's Integrated Oracle Federal Financials Platform is built with Oracle's security-first design principles, your agency can be confident in the security practices and policies used to safeguard your data. This, combined with CFM's passion to provide positive customer experiences for its users, strikes the right balance between security and convenience.
CFM customers can use their USAccess PIV (or Personal Identity Verification) cards, Login.gov, or ID.ME to provide the most secure and efficient access. CFM's Integrated Oracle Federal Financials Platform is supported by Oracle Access Manager (OAM) software that offers a multi-factor authentication (MFA) protocol with single sign on (SSO) capabilities.
Modern protective measures are also used to secure data against unapproved access and to preserve data confidentiality, integrity, and availability.CFM uses common security protocols, such as Secure File Transfer Protocol (S-FTP) and Secure Hyper Text Transfer Protocol (S-HTTP) for getting data files from and to feeder and legacy systems.