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Financial Management Business Transformation Service (FMBTS)

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Get to know the FMBT Program

Modernizing financial and acquisitions management.

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In 2016, the Department of Veterans Affairs (VA) established the Financial Management Business Transformation (FMBT) program to achieve VA’s goal of modernizing its financial and acquisition management systems. To effectively utilize all available resources, the Office of Management (OM) is leveraging the Financial Services Center’s (FSC) deep expertise in deploying Department-wide transformation efforts. FMBT is strongly supported by Program Advisors and Subject Matter Experts (SMEs) from across VA Administrations and Staff Offices, and is closely partnered with the Office of Information and Technology (OIT) and Office of Acquisition, Logistics, and Construction (OALC). Teams from VA’s Debt Management Center (DMC), Office of Internal Controls (OIC), Office of Financial Policy (OFP), and Office of Financial Process Improvement & Audit Readiness (FPIAR) are also fully engaged with the FMBT initiative.

Through the FMBT program, VA is working to implement an enterprise-wide financial and acquisition management system in cooperation with our Shared Services Provider, CGI. VA will migrate to the Momentum cloud solution, configured for VA as Integrated Financial and Acquisition Management System (iFAMS), allowing VA to leverage CGI’s SaaS model. VA will gain increased operational efficiency, productivity, agility, and flexibility from a modern Enterprise Resource Planning (ERP) cloud solution. The new cloud solution will also provide additional security, storage, and scalability.

The FMBT program vision is to provide VA a modern financial and acquisition management solution with transformative business processes and capabilities that enable VA to meet its goals and objectives in compliance with financial management legislation and directives. The financial system transformation effort will increase the transparency, accuracy, timeliness and reliability of financial information resulting in improved fiscal accountability to American tax payers and offers a significant opportunity to improve care and services to our Veterans.

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Office of Financial Management Business Transformation Service
810 Vermont Avenue, NW
Washington, DC 20420