Treasury shopping for software to manage Public Debt
- By Paula Shaki Trimble
- Feb 10, 2000
The Treasury Department is surveying the commercial market for financial management software that could be used to manage accounting at the Bureau of Public Debt.
The department issued a request for information Wednesday on commercial off-the-shelf software packages that will manage administrative accounting and budgetary business functions. The Bureau of Public Debt sells bonds and other securities and uses the proceeds to operate the government.
Treasury is looking for information about systems that would be able to handle accounting for loans, grants and reimbursable and appropriated funds. The system must be browser-based and accessible by people in various locations; meet all core requirements of the federal Joint Financial Management Improvement Program (JFMIP); allow for use of multiple Agency Location Codes as well as Treasury symbols; manage multiple databases; and be easy to use and maintain. A formal procurement has not yet been planned.
JFMIP sets requirements commercial software must meet to be used for federal government financial management systems. Agencies are required to update and integrate their financial management systems under the Financial Management Improvement Act of 1996.
JFMIP has approved seven commercial software packages. Tuesday, SAP Public Sector and Education Inc. announced its financial software had been approved through the JFMIP Core Federal Financial System Software Qualification Test, making it the newest addition to the list.