Interior's NBC doubles shared services for federal savings board

The Interior Department’s National Business Center will provide shared services under both the Financial Management and Human Resources lines of business to the Federal Retirement Thrift Investment Board starting next month.

The investment board will use NBC’s Oracle financial accounting system, and NBC also will process collections, provide vendor and travel voucher payment processing, and generate certain Treasury statements of transactions, NBC said.

The investment board renewed its agreement with NBC for human resources operations support services. It also will move to NBC’s federal personnel payroll system and its Web-based time and attendance system, Quicktime. Interagency agreements are in effect for one year and must be renewed annually, an NBC spokesman said.

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