About FITThe Office of Financial Innovation & Transformation (FIT) identifies and helps to carry out innovative solutions so that government agencies can become more efficient and transparent in federal financial management. Our initiatives are aligned with the organization's three priorities: Innovation, Transformation, and Optimization in federal financial management. One of FIT's major roles is managing the government-wide Financial Management Line of Business (FMLoB). It is a partnership of federal agencies finding new ways to solve the government’s needs for better financial management.Partner with us to: * Advance federal financial management * Identify and pilot promising technology * Improve customer experience * Promote federal financial management standardsOffice of Financial Innovation & TransformationFIT_002bc2d6-4725-11eb-84dc-d68e0383ea00U.S. Department of the TreasuryBureau of Fiscal ServiceFinancial Management Line of Business (FMLoB)Managing the Financial Management Line of Business (FMLoB) -- The Financial Management Line of Business (FMLoB) is a group of representatives from federal agencies who work together to solve issues about federal financial management. The Office of Financial Innovation & Transformation (FIT) is the managing partner for FMLoB.Government agencies become more efficient and transparent_002bc434-4725-11eb-84dc-d68e0383ea00To identify and help to carry out innovative solutions in federal financial management_002bc4ca-4725-11eb-84dc-d68e0383ea00InnovationEfficiencyCut wasteTransparencyProductivityIncrease back-office productivityEffectivenessImprove program effectivenessScalabilityEconomies of Scale -- Achieve economies of scaleFinancial ManagementAdvance federal financial management_002bc556-4725-11eb-84dc-d68e0383ea001Businesses ProcessesAutomate and digitize the government’s businesses processes._002bc5e2-4725-11eb-84dc-d68e0383ea001.1Digital End-to-End Efficiency -- FIT is developing a framework to automate and digitize the government’s end-to-end businesses processes.Efficiency & EffectivenessImprove the efficiency and effectiveness of federal financial management._002bc66e-4725-11eb-84dc-d68e0383ea001.2IndustryGovernment AgenciesPartnership (FMIP) -- FIT is collaborating with government and industry partners to explore technology innovation opportunities that have the potential to improve the efficiency and effectiveness of federal financial management.Maturity AssessmentAssess financial management discipline, effectiveness, and efficiency._002bc6fa-4725-11eb-84dc-d68e0383ea001.3Maturity Self-Assessment Tool -- FIT developed a business tool that helps agencies assess their organization’s level of financial management discipline, effectiveness, and efficiency.TechnologyIdentify and pilot promising technology_002bc790-4725-11eb-84dc-d68e0383ea002About FIT Projects -- The Financial Innovation & Transformation (FIT) team finds new ways to solve agencies’ needs for better financial management by introducing emerging trends and technologies that have not yet been widely adopted. Each project advances FIT’s mission of carrying out innovative solutions to help agencies become more efficient and transparent in federal financial management.AIUnderstand the value proposition for artificial intelligence in the financial management domain._002bc81c-4725-11eb-84dc-d68e0383ea002.1Artificial intelligence Accelerator -- FIT is looking at artificial intelligence capabilities to understand its value proposition in the financial management domain.BlockchainIncrease program control, boost efficiency, and simplify processing._002bc8b2-4725-11eb-84dc-d68e0383ea002.2Distributed Ledger Technology -- FIT is looking at how blockchain might increase program control, boost efficiency, and simplify processing.AnalyticsReduce improper payments._002bc948-4725-11eb-84dc-d68e0383ea002.3Veterans AdministrationNext Generation Analytics -- FIT is working with the Veterans Administration to use data analytics to reduce improper payments.AutomationAutomate financial management practices._002bc9e8-4725-11eb-84dc-d68e0383ea002.4Robotic Process Automation -- FIT tested automation to minimize repeatable work in 10 core financial management practices.Customer ExperienceImprove customer experience_002bca88-4725-11eb-84dc-d68e0383ea003Financial Management GuidanceRe-imagine the delivery of federal financial management guidance._002bcb1e-4725-11eb-84dc-d68e0383ea003.1Treasury Financial Experience -- FIT is re-imagining the delivery of federal financial management guidance.StandardsPromote federal financial management standards_002bcbbe-4725-11eb-84dc-d68e0383ea004_002bcc5e-4725-11eb-84dc-d68e0383ea002020-12-25https://www.fiscal.treasury.gov/fit/OwenAmburOwen.Ambur@verizon.net