FM QSMO Updates

Treasury Financial Manual (TFM) Website Change

For your awareness, starting March 29, 2024, the Treasury Financial Manual (TFM) website will no longer be accessible and the TFM will only be available on the Treasury Financial Experience (TFX) website.

If you use the TFM regularly we suggest becoming familiar with the new TFM platform.

(Update posted 03/25/2024)

Promoting Payment Integrity and Financial Fraud Prevention: Request for Information (RFI)

The Department of the Treasury, Bureau of the Fiscal Service is seeking information about what financial fraud identification and management solutions exist in the market and also the tools and solutions both for reducing improper payments and preventing financial fraud.

More information about the RFI (RFI-FSA-24-065) is available on SAM.gov at https://sam.gov/opp/3fa9aed8e4f84aaca0967bf7e50b849d/view.

(Update posted 03/20/2024)

The Shared Services Leadership Coalition (SSLC) and the Trachtenberg School of Public Policy and Public Administration of The George Washington University (GW) announced an expansion of last year’s shared services training program, Federal Shared Services: Leveraging a Best Practice to Improve Government.

This year’s program will offer a BASIC track teaching the fundamentals of how shared services work and how they are being implemented in the Federal environment.

The ADVANCED track is offered for more experienced leaders to learn more about how shared services are evolving in industry and how they can be used to drive modernization in government. The courses will be taught by GW professors and leaders from industry and government who are experts in these areas.

Participants who finish the program will get CPE credits from the Trachtenberg School. For more information on dates, cost and to register, visit https://sharedservicesnow.org/fss/.

(Update posted 01/11/2024)

OMB MAX Community Transitioned to USDA’s Connect.gov

On November 8, 2023, the United States Department of Agriculture (USDA) started the process to migrate data from OMB MAX to Connect.gov. After December 4, 2023, all content will be available on Connect.gov.

USDA will be using the same authentication methods as OMB MAX, so current users will transition to Connect.gov and user impact is expected to be small. FM QSMO resources that are now on OMB MAX, specifically the Best Practices and Lessons Learned repository, will continue to be available through Connect.gov.

(Update posted 12/06/2023)

Financial Management Capability Framework (FMCF) FY2024 Update

The FM QSMO released its annual update to the Financial Management Capability Framework (FMCF). The FY 2024 FMCF update aligns with approved changes to Federal Financial Management (FFM) standards and includes other changes to financial management processes and data that impact core financial systems.

The significant updates relate to G-Invoicing, feedback from other lines of business, and the DATA Act Information Model Schema (DAIMS).

Summary release notes are available on the FMCF web page and each component also includes detailed changes specific to each document.

(Update posted 12/06/2023)

FM QSMO Marketplace Acquisition Information is now available in the new Acquisition Gateway

On September 1, 2023, a new, modernized Acquisition Gateway launched. Through the new Acquisition Gateway on AcquisitionGateway.gov, users will continue to find government-wide content and applications, while other GSA-specific features, such as the Independent Government Cost Estimator (IGCE) tool and the RFQ Wireless Generator, will be migrated to buy.gsa.gov.

New features on AcquisitionGateway.gov include:

New, user-friendly interface
A new URL with links that are customized by content area;
Improved search functionality
Easily navigate to information, applications, and tools
Direct access to key acquisition programs like Category Management and the gov-wide QSMOs, including FM QSMO Marketplace acquisition related information

Stakeholders who use Acquisition Gateway to access FM QSMO Marketplace acquisition information should update their web links and/or bookmarks to reference the new Acquisition Gateway site as soon as possible.

(Update posted 09/12/2023)

The FM QSMO is excited to announce the first cloud-based Core Financial System (Core FS) in the FM QSMO Marketplace!

Visit the FM QSMO Marketplace to learn more about the addition of CGI Federal's Momentum solution. As the FM QSMO continues to expand the Marketplace, this represents significant progress in meeting agency needs for modern financial systems and fulfilling shared government-wide goals.

For information and guidance on how to apply to SIN 518210FM or obtain solutions or services from the Marketplace, please visit our resources page.

Please e-mail FMQSMO@fiscal.treasury.gov with any questions.

(Update posted 07/28/2023)

Garen Behnke, Business Analyst for the FM QSMO answers 'What is a QSMO Anyway?' on The GovNavigators Podcast

Listen to a recent GovNavigators Show as Garen Behnke speaks about creating the FM QSMO and the launch of its Marketplace.

In the podcast episode, Garen highlights how the Marketplace can be used by agencies to access standards-based financial management solutions and services, what the FM QSMO is doing to engage with industry stakeholders and previews of what is next for the FM QSMO.

(Update posted 06/29/2023)

Invitation to Comment: Proposed Updates to Federal Financial Management Business Standards

The Federal Financial Management (FFM) business standards, which are part of the Financial Management Capability Framework (FMCF), are now available on regulations.gov for public comment. The FMCF is used as a basis for evaluating and ensuring that Marketplace solutions and services, including core financial systems, meet baseline needs and comply with federal policies.

The comment period opened on June 1, 2023 and will close on July 31, 2023. The Financial Management Line of Business FM Business and the FM QSMO will host Office Hours for stakeholders in the upcoming weeks and monitor comments throughout the open period.

Once the comment period is over and comments are adjudicated, we will incorporate agreed on updates in a final version. We appreciate feedback from agencies and industry and look forward to hearing from you. Your feedback is important for helping to ensure that the business standards and FMCF are comprehensive and usable as a foundation for agencies and the FM QSMO Marketplace.

Please e-mail FMQSMO@fiscal.treasury.gov with any questions.

(Update posted 06/01/2023)

Matt Garber, Chief Customer Officer for the Bureau of the Fiscal Service, highlights the launch of the FM QSMO Marketplace

In a recent Federal News Network article, Matt Garber, Chief Customer Officer for the Bureau of the Fiscal Service, highlighted the launch of the FM QSMO Marketplace and key Marketplace resources.

The article recognizes the FM QSMO Marketplace as a one-stop-shop for agencies, enabling them to connect with federal shared service providers and commercial vendors. Mr. Garber speaks to the customer centric methods used to develop the Marketplace, and the services, solutions, and resources available for agencies.

(Update posted 05/24/2023)

Commissioner Tim Gribben Details Benefits of FM QSMO Marketplace

In a recent Financial News Network article, Tim Gribben, Commissioner of the Bureau of the Fiscal Service, highlighted the benefits of the FM QSMO Marketplace. Mr. Gribben said that connecting agencies to shared service providers allows agencies to focus on their core businesses rather than on the technical details about selecting services.

The March 6 story detailed Commissioner Gribben’s updates to chief financial officers on the progress toward FY 22 financial management goals.

(Update posted 03/09/2023)

The FM QSMO Marketplace Acquisition Information Hub is now live on Acquisition Gateway

Learn about the buying process for FM QSMO Marketplace commercial solutions and services when you visit the FM QSMO Marketplace Acquisition Information Hub. It is now available in the Acquisition Gateway.

On the hub you'll find information and guidance for buying commercial Core Financial Management Solutions and Information Technology Professional Services. You'll find more details under the General Services Administration (GSA) Multiple Award Schedule (MAS) program Special Item Number (SIN) 518210FM.

Please e-mail FMQSMO@fiscal.treasury.gov with any questions.

(Update posted 03/02/2023)

Core FS Subgroup of SIN 518210FM is now open

Vendors can now propose Core Financial Systems (FS) solutions for inclusion in the FM QSMO Marketplace Catalog!

On January 18, 2023, the General Services Administration (GSA) Federal Acquisition Service (FAS) re-opened the Core FS Subgroup of Special Item Number (SIN) 518210FM to new offers/modifications through Refresh #15 to the Multiple Award Schedule (MAS) solicitation.

All four (4) subgroups of SIN 518210FM are now open for continuous vendor onboarding. For information and guidance on how commercial vendors can participate in the FM QSMO SIN and how agencies can acquire commercial offerings through the FM QSMO SIN please review the FM QSMO Resources web page.

Please contact the FM QSMO at FMQSMO@fiscal.treasury.gov with any questions

(Update posted 01/19/2023)

GSA announces plans to re-open Core FS Subgroup of SIN 518210FM

The General Services Administration (GSA) Federal Acquisition Service (FAS) is in the process of re-opening the Core FS Subgroup of Special Item Number (SIN) 518210FM, which is planned for January 2023. Read the GSA Interact notice for more information. We’re excited that the full scope of SIN 518210FM will be available soon and for vendors to begin offering Core FS solutions in the FM QSMO Marketplace Catalog!

For a refresher on how commercial vendors can participate in the FM QSMO SIN, check out the information and guidance available in the Vendor Resources section of the FM QSMO Resources web page.

For information on how agencies can get started with the FM QSMO and acquire commercial offerings through the FM QSMO SIN, use the resources available in the Customer Toolkit section on the FM QSMO Resources web page.

(Update posted 12/20/2022)

The FM QSMO Launches Marketplace Catalog

The FM QSMO Marketplace Catalog is now live. It is a resource for agencies to explore, identify, and research financial management solutions and services offered by commercial and federal providers and the Department of the Treasury’s Bureau of the Fiscal Service.

The Marketplace Catalog will expand over time to include additional offerings to help improve the efficiency and effectiveness of your agency’s financial management programs.

The FM QSMO welcomes engagement from agencies and industry as we work to expand the Marketplace and provide choice and flexibility to agencies planning financial system modernizations, sustaining current operations, or fulfilling a variety of other financial management needs.

(Update posted 12/09/2022)

Update to the Financial Management Capability Framework

The FM QSMO updated the Financial Management Capability Framework. FMCF 2.0 aligns with recently approved changes to the Federal Financial Management Standards that are part of the Federal Integrated Business Framework (FIBF). FMCF 2.0 includes feedback from the Travel Line of Business, as well as updates from other stakeholders.

The FMCF is the standards and capabilities that define baseline needs for solutions and services in the FM QSMO Marketplace, including cloud-based core financial systems (Core FS). The FM QSMO developed the FMCF by using policy and standards as a foundation and then engaged with numerous stakeholders to understand their needs, requirements, capabilities, and pain points.

You can view a summary of the changes, including detailed information about each FMCF component by visiting the FM QSMO Financial Management Capability Framework (FMCF) web page.

(Update posted 11/16/2022)

Grants QSMO Marketplace Launched

The Grants Quality Service Management Office launched its Marketplace on September 29, 2022. The public-facing site is an online catalog of validated Federal shared solutions/services for use by all Federal agencies that award grants and/or cooperative agreements.

The Grants QSMO seeks to transform grants management by empowering and enabling Federal awarding agencies, applicants, and recipients with modern tools to deliver on the Federal grants mission. Read more.

(Update posted 10/04/2022)

For older updates, visit our archive page

Last modified 03/26/24