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Office of Finance

 

Office of Financial Solutions (OFS)

Financial concept, business and money

What We Do

The Office of Financial Solutions (OFS), formerly Office of Financial Business Operations (OFBO), provides financial systems and operations services to VA’s Administrations and staff offices.  Among its responsibilities, OFS maintains and modifies VA’s corporate financial accounting systems.  OFS develops and implements long-range financial systems initiatives in concert with applicable VA offices.  We ensure systems pass financial information to the Financial Management System (FMS) and comply with Government wide accounting principles and standards and with financial systems policy/automated financial data exchange requirements.

The Three Divisions of OFS

Financial Management System Service (FMSS) serves as the program management office for the legacy Financial Management System (FMS) as well as the Management Information Exchange (MinX) system.  Responsibilities include oversight of the continued operation of these systems, data fixes, enhancements, bug fixes, updates, and management of nightly batch cycles to bring data from other systems which have financial components into FMS.  FMS is a 30-year-old system, which takes significant care and maintenance to ensure reliable service.

Financial Management Transformation Service (FMTS) is leading the Department’s Financial Management Business Transformation (FMBT) program.  This initiative aligns with Office of Management and Budget (OMB) M13-08, Improving Financial Systems through Shared Services and supports the VA’s strategic objective to “Enhance Productivity and Improve the Efficiency of the Provision of Veteran Benefits and Services.”  The FMBT program intends to provide a comprehensive financial management system that enables VA to meet financial management goals and objectives and compliance with financial management legislation and directives.

The Strategic Management Analytics Reporting Team (SMART) serves as the VA Office of Finance’s central operational authority for data quality reporting to OMB.  SMART responsibilities include compiling, reviewing and monitoring federal spending data in support of the Federal Funding Accountability and Transparency Act of 2006 (via USASpending.gov External link to a government website) and collecting and submitting performance metrics in support of the President’s Management Agenda as well as other financial initiatives.  More recently, SMART leads the VA’s implementation of the Digital Accountability and Transparency Act (DATA Act) of 2014.  In this role, SMART works closely with Treasury, OMB, and VA administrations in the planning, extracting, and submitting of VA spending and financial information.  Finally, SMART is supporting the Financial Management Business Transformation initiative by helping to articulate reporting requirements and needs for the replacement financial system.

OFS is located at the Veteran Affairs (VA) Central Office in Washington, DC.

Organizational Chart


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Connect with Us

  • Office of Finance (004)
    810 Vermont Avenue, NW
    Washington, DC 20420
  • Garnishments:  Any garnishment communications from courts and legal offices should be sent to the Defense Finance and Accounting Service (DFAS) at:

    DFAS
    Attn: Garnishments Operations, Room 175
    1240 E. 9th St., Rem 1417
    Cleveland, OH 44199
    (877) 622-5930
    (toll-free)
  • Employee Verification, Accounts Payable, Accounts Receivable, and Bills of Collection:  Should be sent to Local Payroll at the Financial Services Center (FSC) at:

    FSC
    Rm 152
    1615 Woodward St.
    Austin, TX 78772
    ATTN: Local Payroll
    (512) 460-5234
  • Checks:
    Agent Cashier
    FSC
    P.O. Box 149975
    Austin, TX 78714-9975
    (512) 460-5315