Labor looks for hosted financial system

The Labor Department is interested in a hosted core financial management system environment, according to a request for information posted June 12 on FedBizOpps.

The department replaced its legacy financial management system, called "DOLAR$," for Department of Labor Accounting and Related Systems, with the New Core Financial Management System (NCFMS) in fiscal year 2010, according to Labor documents.

“NCFMS is one of the first examples of a federal, cloud-based financial system and is supported as a software-as-a-service instance by a private shared service provider,” the RFI reads. “Through NCFMS, DOL is modernizing its financial management capabilities and supporting DOL's mission to uphold strong financial management principles and accountability, provide timely, accurate and reliable financial information, and enhance internal controls.”

Labor doesn’t want to host the system, and the RFI is a sources-sought notice to help the agency understand what options exist for a hosted solution. The system has 2,300 primary users and serves more than 17,000 employees across 11 department agencies, including the Inspector General, according to the RFI.

The system processes an estimated 380,000 invoices; 300,000 payments; 63,400 travel documents; 61,900 obligation documents; and 13,800 requisition documents annually.

About the Author

Technology journalist Michael Hardy is a former FCW editor.


  • Congress
    U.S. Capitol (Photo by M DOGAN / Shutterstock)

    Funding bill clears Congress, heads for president's desk

    The $1.3 trillion spending package passed the House of Representatives on March 22 and the Senate in the early hours of March 23. President Trump is expected to sign the bill, securing government funding for the remainder of fiscal year 2018.

  • 2018 Fed 100

    The 2018 Federal 100

    This year's Fed 100 winners show just how much committed and talented individuals can accomplish in federal IT. Read their profiles to learn more!

  • Census
    How tech can save money for 2020 census

    Trump campaign taps census question as a fund-raising tool

    A fundraising email for the Trump-Pence reelection campaign is trying to get supporters behind a controversial change to the census -- asking respondents whether or not they are U.S. citizens.

Stay Connected

FCW Update

Sign up for our newsletter.

I agree to this site's Privacy Policy.