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Financial Innovation & Transformation

Financial Innovation & Transformation

The Office of Financial Innovation and Transformation (FIT) identifies and facilitates the implementation of innovative solutions to help government agencies become more efficient and transparent in federal financial management. As part of this mission, FIT serves as the managing partner of the Financial Management Line of Business (FMLoB), a government-wide financial management role.

FIT initiatives are aligned with the organization’s three priorities: Innovation, Transformation, and Optimization in federal financial management.

Partner with us to:

  • Advance federal financial management
  • Identify and pilot promising technology
  • Improve customer experience
  • Promote federal financial management standards

What Is FIT Doing To...

Increase back-office productivity

Reduce waste

Improve program effectiveness

Achieve economies of scale

Learn About FIT Projects


Call for Proposals – Financial Management Innovation Partnership – Due Date: July 10, 2020

Fiscal Service Releases New Version of Financial Management Standard Data Elements

Fiscal Service is Exploring Improved Course for Federal Financial Management

Distributed Ledger Technology’s Transformational Impact on Federal Financial Management

Financial Management (FM) Systems Modernization starts with the FM Business Use Cases

And the Results are in!

See All Updates

50+ Posts on Innovation to Stir Your Curiosity

Standardizing Business Exchanges: Vision for the Future – Part 1

June 24, 2020

Business Unusual: Culture during a Pandemic

May 8, 2020

We’re Listening!

March 25, 2020

Need a Mental Break? – FIT has you covered

March 18, 2020

Planting the Seeds to an Innovative Future

March 4, 2020

See All Blog Posts

Expand Your Horizon with FIT at these Events

2020 Events

Association of Government Accountants (AGA) Financial Systems Summit (FSS):  January 9, 2020

Association of Government Accountants (AGA) National Leadership Training (NLT):  February 12-13, 2020

Joint Financial Management Improvement Program (JFMIP) Federal Financial Management Conference:  May, 2020

Association of Government Accountants (AGA) Professional Development Training (PDT):  July 19-22, 2020

2020 Government Financial Management Conference (GFMC):  August, 2020

American Council for Technology and Industry Advisory Council (ACT-IAC) Imagine Nation ELC 2020:  October, 2020

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Last modified 06/24/20