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FM QSMO
Financial Management Quality Service Management Office

FM QSMO Updates

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.


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.

Last modified 03/26/21