Treasury Announces U.S. Patent and Trademark Office as First Agency to Use Financial Management Marketplace for Core Financial System Needs
July 11, 2024
On July 11th, the Department of the Treasury’s Bureau of the Fiscal Service (Fiscal Service) announced that the United States Patent and Trademark Office (USPTO), within the Department of Commerce, became the first agency to use the Financial Management (FM) Marketplace to award a contract for its core financial system needs. The award comes after a partnership between Fiscal Service’s FM Quality Service Management Office (FM QSMO) and USPTO to identify and match their needs with available Marketplace offerings.
“As a leader in federal financial management, Treasury designed the marketplace to meet the evolving needs of federal agencies looking to modernize their financial operations by offering choice and flexibility through shared and standardized solutions,” said Fiscal Assistant Secretary David Lebryk. “We are pleased that USPTO chose to use the marketplace and will be the first agency to use marketplace offerings to modernize its core financial system services.”
“As America’s Innovation Agency, the USPTO is proud to partner with the FM QSMO to advance our strategic plan goal to maximize agency operations,” said Kathi Vidal, Under Secretary of Commerce for Intellectual Property and Director of the USPTO. “This partnership reinforces our commitment to being responsible stewards of our stakeholder fees, allowing us to maintain our financial excellence by selecting the best valued services for our core financial system needs.”
The Office of Management and Budget (OMB) also applauded the milestone as an indicator of continued positive progress. OMB Deputy Director for Management, Jason Miller shared, “This acquisition represents a significant step towards modernizing mission support services within the Federal Government. Collaboration is key to achieving a standardized, high-quality, value-oriented outcome for our agencies and the American people.”
The contract, awarded to CGI Federal, will provide the Momentum solution, operations and maintenance, and development support to USPTO. The USPTO joins several other agencies that have or are planning to use the FM Marketplace to acquire financial management solutions and services from trusted providers. Agencies can directly procure commercial financial management solutions and services from the FM Marketplace using SIN 518210FM of the GSA Multiple Award Schedule (MAS), which serves as the contract vehicle.
The FM Marketplace currently features more than 100 solutions and services from commercial vendors, federal providers, and Treasury’s Fiscal Service to support agency financial management needs.
To learn more about the FM Marketplace, approved providers, and available offerings, please visit the FM QSMO website or contact FMQSMO@fiscal.treasury.gov.