OPM signs up with Bureau of Public Debt for financial services

The Office of Personnel Management has become the first large agency to move to a center of excellence under the Financial Management Line of Business Consolidation initiative. Agency officials signed an agreement with the Treasury Department’s Bureau of Public Debt to use their Administrative Resource Center’s core financial management and procurement systems. ARC is one of four financial management centers of excellence named by OMB in the fiscal 2006 budget request. The others are the General Services Administration, the Interior Department’s National Business Center and the Transportation Department. OPM will transfer its data and integrate its feeder systems into ARC’s Oracle Federal Financial System 11i by Oct. 1, 2006.