Beth Cobert named four shared services providers in a blog post. (Rob Curtis/Staff / Staff)
There will be four shared service providers for financial management to provide core accounting and other services to federal agencies.
■The Department of Agriculture’s National Finance Center
■The Department of the Interior’s Interior Business Center
■The Department of Transportation’s Enterprise Services Center
■The Treasury Department’s Administrative Resource Center
The Obama administration made the announcement May 2 on a blog post by Beth Cobert, deputy director for Management at the Office of Management and Budget, and Dick Gregg, fiscal assistant secretary at the Treasury Department.
The administration aims to use shared services for financial management systems modernizations across government.
“As agencies migrate to the four providers, the government will achieve economies of scale and standardization,” Cobert and Gregg said in the blog post. “Using a financial management shared service provider will help agencies reduce the risk of new system implementations, allow for faster and less expensive technological innovation, provide long-term cost savings, and meet government-wide requirements and deadlines. As a result of these improvements, agencies will be able to focus more of their resources and leadership attention on mission-based programs.”
The designations are expected to unleash new financial modernization activity across agences, they added.
Treasury and OMB designated the agencies after a “comprehensive application process” that considered leadership commitments, system evaluations, plans for scaling operations, and a capabilities assessment.
“Additional providers or product offerings may be designated in the coming years as more agencies look to move to shared services and lessons are learned from the initial four providers,” Cobert and Gregg added.