FM QSMO Updates
FM QSMO IT SIN Now Available
Vendors can now apply to become a provider in the FM QSMO Marketplace. On May 16, the General Services Administration (GSA) issued Refresh #12 to the Multiple Award Schedule (MAS) Solicitation and established a new Special Item Number (SIN) 518210FM - Financial Management Quality Service Management Office (FM QSMO) Core Financial Management (FM) Solutions and IT Professional Services.
Vendors can submit offers or modification requests through the GSA eOffer/eMod online submission tool and find the required submission documents on GSA's MAS Scope and Templates web page.
(Update posted 05/19/2022)
New FM QSMO Special Item Number (SIN) Announced and Webinar Registration Open
On Wednesday April 20th, GSA’s Information Technology Category (ITC) published an Interact post notifying vendors that upcoming Multiple Award Schedule (MAS) refresh #12 would include Special Item Number (SIN) 518210FM - Financial Management Quality Service Management Office (FM QSMO) Core Financial Management (FM) Solutions and IT Professional Services. You can access the ITC Interact post by visiting the following link: https://interact.gsa.gov/blog/establish-sin-518210fm-financial-management-quality-service-management-office-fm-qsmo-core
We invite you to attend a FM QSMO and GSA public webinar on Wednesday, May 18th, 2022, to learn about the technical evaluation requirements for SIN 518210FM. This webinar will be in a listen-only format, but participants will be able to ask questions through an online chat function. The webinar will be held from 1:00 - 2:00 p.m., E.T. Vendors interested in attending the event should register at the following zoom location: https://gsa.zoomgov.com/webinar/register/WN_2__tYcQ7R66AenXhElKYbw.
(Update posted 04/26/2022)
FM QSMO Industry Day ‐ April 2022
The FM QSMO held an Industry Day on April 14, 2022 with representatives from industry to share updates and plans for the FM QSMO Marketplace. The event drew 96 attendees from 41 companies.
Attendees heard updates about the acquisition approach. In partnership with the FM QSMO, GSA’s Federal Acquisition Service is establishing a new Special Item Number (SIN) under its Multiple Award Schedule (MAS) program for commercial financial management information technology offerings in the FM QSMO Marketplace.
The FM QSMO also shared updates on the vendor evaluation process, the new FMCF webpage, and how to prepare for the FM QSMO Marketplace.
Just after the Industry Day event, GSA released an Interact post notification of the upcoming MAS solicitation refresh #12. This refresh includes the new Special Item Number (SIN) 518210FM - Financial Management Quality Service Management Office (FM QSMO) Core Financial Management (FM) Solutions and IT Professional Services.
(Update posted 04/22/2022)
FM QSMO Launches New Web page for Baseline Financial Management Solutions and Services Standards and Capabilities
The FM QSMO released the Financial Management Capability Framework (FMCF) on the FM QSMO website on April 8, 2022. 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 the FMCF components and other FMCF information by visiting the FM QSMO Financial Management Capability Framework (FMCF) web page
(Update posted 04/11/2022)
Agencies Share Financial Systems Modernization Successes
The FM QSMO is celebrating agencies that have recognized successes in their journeys to modernize financial systems. For example, the Department of Homeland Security reached a significant modernization milestone with the December 2021 go-live of the United States Coast Guard.
In January 2022, the Department of Interior's Interior Business Center completed a modernization and migration for an agency customer using a SaaS solution.
Read all the agency success stories
(Update posted 02/11/2022)
FM QSMO Industry Day - October 2021
The FM QSMO conducted a second Industry Day on October 21, 2021 to share progress updates, results from request for information (RFI) #2, plans for a marketplace acquisition approach and details on agency investment planning guidance.
The event was attended by 125 industry representatives from 74 companies. The continued engagement and support from industry for the future Marketplace is greatly appreciated!
For companies who were not able to attend the event, please reach out to us at FMQSMO@fiscal.treasury.gov for more information.
(Update posted 11/17/2021)
GSA's Office of Shared Solutions and Performance Improvement (OSSPI) Launches Updated M3 Playbook
GSA's Office of Shared Solutions and Performance Improvement (OSSPI) announced the launch of the new and improved Modernization and Migration Management (M3) Playbook. OSSPI, along with the FM QSMO, encourages the financial management community to explore the M3 Playbook and the resources available to help you meet your modernization and migration transition needs! If you have any questions or would like to know more about M3, contact OSSPI at email@example.com.
(Update posted 10/06/2021)
FM QSMO Discusses Role of the Legacy Financial Management Shared Service Providers in the Marketplace
In a recent “Ask the CIO” podcast and article on Federal News Network, Matt Miller, deputy commissioner for the Bureau of the Fiscal Service, discussed the agency need for marketplace services and the critical role that legacy federal shared services providers will play in the marketplace as both consumers and providers. The new approach is customer-centric, as opposed to provider-centric, and provides flexibility and choice to agencies, which includes interaction with both commercial and federal providers. Listen to the podcast. Read the article.
(Update posted 09/20/2021)
FM QSMO Shares Vision and Plans for Marketplace Development
In a recent newscast and an article on Federal News Network, Matt Miller, the acting commissioner for the Bureau of the Fiscal Services discussed the development of a shared services marketplace. During the broadcast, Miller laid out the vision for the future of financial management shared services and what that will mean to agencies and vendors alike. Listen to the newscast. Read the article.
(Update posted 08/05/2021)
FM QSMO Marketplace Follow-up Request for Information (RFI) Release
FM QSMO announces its second Request for Information (RFI) issued on Tuesday, June 1, 2021. The purpose of this follow-up RFI is to gather input from industry on the updated/refined FM QSMO Marketplace Vision and detailed components of the FM QSMO Marketplace Financial Management Capabilities Framework (FMCF).
You can access the public notice on beta.SAM.gov, and view and respond to the RFI through GSA Market Research as a Service site.
FM QSMO will be hosting two office hour sessions to answer any questions the vendors may have. To attend, register at the links below:
- FM QSMO RFI Office Hours: Kick-Off Thursday, June 10, 2-3:30 p.m. (ET), event page password: FMQSMOPartners
- FM QSMO RFI Office Hours: Q&A Wednesday, June 16, 2-3 p.m. (ET), event page password: FMQSMOPartners
The RFI has now closed.
FM QSMO Industry Day
The FM QSMO conducted an Industry Day to share updates and plans for the FM QSMO Marketplace with representatives from industry who are important partners and stakeholders in achieving FM QSMO objectives.
The event drew 94 attendees from 53 companies. Held virtually on May 18, the attendees heard updates on the progress of the FM QSMO Marketplace, the timeline, the approach, and engagement opportunities. They also received a notice of the second RFI issued in June.
(Update posted 5/282021)
OMB M-21-20 and QSMO Collaboration
OMB released Memorandum 21-20, Promoting Public Trust in the Federal Government through Effective Implementation of the American Rescue Plan Act and Stewardship of the Taxpayer Resources on March 19, 2021. Its focus is on implementation and execution of the American Rescue Plan Act of 2021 (ARP) and the memo includes a requirement for agencies to consult with the relevant QSMO prior to developing new or modernized technology or considering an existing provider. This is consistent with the requirement in OMB M-19-16, Centralized Mission Support Capabilities for the Federal Government (Apr. 26, 2019).
The FM QSMO encourages agencies to contact its team at FMQSMO@fiscal.treasury.gov prior to developing new or modernized financial management technology plans that may be needed to support execution of ARP. Our team would like to support planning and align upcoming business needs with the availability of solutions in the FM QSMO Marketplace.
(Update posted 3/26/2021)
FM QSMO Upcoming Plans
The FM QSMO appreciates the responses received from interested vendors on the FM QSMO Marketplace Request for Information (RFI) that was released in December.
We are continuing to analyze the feedback and prepare a summary of our learnings to share with stakeholders. Concurrently, we are preparing several documents for review that will be shared with both our federal and industry stakeholders over the next few months through various forums.
We plan to share the components of the Financial Management Capability Framework (FMCF) which have been developed with customer input for review and validation. This process will inform any needed updates to financial management standards and serve as the documentation of the capabilities needed in Marketplace Core FS solutions.
(Update posted 3/12/2021)
Health and Human Services (HHS) to Lead Federal Grants Management Innovations and Efficiencies
On January 11, 2021, the Office of Management and Budget formally designated the U.S. Department of Health and Human Services (HHS) as the QSMO for grants management.
FM QSMO looks forward to continuing cross-QSMO collaboration with HHS as it works to address the end-to-end grants management needs.
For more information about the Grants QSMO, visit: www.hhs.gov/about/agencies/asfr/grants-management-quality-services-management-office/index.html .
FM QSMO Marketplace Request for Information (RFI) Release
In support of the FM QSMO, the General Services Administration (GSA) is conducting market research to gather input from industry on the solutions, services, and operating model envisioned for the FM QSMO Marketplace. As part of the market research, a Request for Information (RFI) has been issued through the GSA Market Research as a Service (MRAS) survey tool.
Interested parties may view the public notice on beta.SAM.gov at https://beta.sam.gov/opp/e5f9ba8847194896aeb2306ddb70942e/view
Similar notices have also been issued through GSA eBuy, but all correspond to the same, single RFI. The RFI can be accessed through GSA MRAS at https://feedback.gsa.gov/jfe/form/SV_eX27wzgkGamXqMB.
Potential respondents are not required to hold current GSA or other non-GSA Federal contracts to participate in the RFI.
The FM QSMO encourages interested vendors to review the RFI and consider submitting a response accordingly. Responses to the RFI must be submitted through the MRAS survey tool. The response date has been extended from January 11, 2021 to no later than 11:00PM (ET) on January 15, 2021. The RFI has now closed.
FM QSMO Holds Agency Engagement Workshops
As of December 9, 2020
Over the next three months, the FM QSMO team will host another series of workshops to discuss the features of the Core Financial System (FS) and the overall Marketplace.
Already, representatives from Federal agencies met with the FM QSMO team to kick-off the second round of workshops in December.
The FM QSMO team discussed the current status of developing the FM QSMO Marketplace and the upcoming plans to develop a Core Financial System (FS) that meets agencies’ needs. Adam Goldberg, the Acting Director of the Office of Financial Innovation & Transformation (FIT), explained how the FM QSMO will help agencies uphold the standards of the Federal Integrated Business Framework (FIBF) and allow cross-functional end-to-end business processes. The team also identified the need for customer input through workshops in order to make an intuitive and useful Core FS.
Please note: Links to register for workshops as they become available can be found on the OMBMAX Website.
Assistant Financial Secretary Calls FM QSMO a Positive Step Forward
During interviews with “Government Matters” David Lebryk, Treasury’s fiscal assistant secretary, said that FM QSMO standardization will bring cost savings and improved performance to agencies. Lebryk said FM QSMO will ultimately improve government record-keeping and the quality of financial services. Below are links to the interviews.
- Treasury named Quality Service Management Office, August 7, 2020
- Financial management through the Quality Service Management Office, August 12, 2020
FM QSMO Acquisition Update
In the future FM QSMO Marketplace, agencies will be able to acquire core financial systems and other solutions through a government-wide contract vehicle. The projected timeline for an FM QSMO Marketplace solicitation is 2021 with plans to award in late 2022. A recent Treasury contract award for $625M to 12 vendors is not related to the FM QSMO initiative. This award supports the day to day business of the Bureau of the Fiscal Service.