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Friday, May 26, 2006

Guidelines floated for financial management consolidation

"The General Services Administration and the Office of Management and Budget are seeking input on draft guidelines designed to sort out unanswered questions about streamlining financial management systems across government.

The effort is part of the OMB-initiated lines of business project, aimed at moving agencies' back-office information technology systems in several areas, including financial management, to a handful of designated federal entities or private sector providers. The concept is that shared-service providers could present more efficient alternatives to in-house systems.

The proposed guidance, released earlier this week, is intended to help agencies find the most suitable service provider.

In keeping with information provided to lawmakers in April, OMB officials said in a May 22 memorandum that competition will be critical to agencies' selection processes. "

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