Skip to main content
U.S. flag

An official website of the United States government

Dot gov

The .gov means it's official.
Federal Government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a Federal Government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

fdt

Financial Data Transformation

The Financial Data Transformation Priority Area is focused on building a data-centric environment to promote public trust in financial management, transparency, and accountability of Federal dollars that meets user needs while minimizing reporting burden, and orients the business of government around data.

Goal Statement

Build a data-centric environment to promote public trust in financial management, transparency, and accountability of Federal dollars that meets user needs while minimizing reporting burden, and orients the business of government around data.

Challenges

  • Agencies have historically implemented financial management, grants, and real property processes that are incompatible, operating in silos, and highly tailored to their specific needs and are unable to share or compare information, and continue to make duplicative investments. Perverse incentives result in reluctance to use programmatic data to promote transparency and accountability. Additionally, agencies are driven by compliance reporting burdens that do not support decision-making or management of the effectiveness and efficiency of Federal dollars.
  • Demonstrating success in this area will require coalition building across a diverse set of stakeholders, including the Congress, agencies, the oversight community, and the public.

Opportunities

  • Incentives promote value in our data and great accountability.
  • A business operating model that supports a posture of agility that meets stakeholders needs while minimizing reporting burdens.
  • Data is used to drive innovation in transparency and accountability for the Federal Government, including for policy-making, innovation, oversight, and learning.

The Financial Data Transformation Priority Area strategic approach is featured below:

fdt strategy image Enlarge
fdt strategy image
The Executive Steering Committee membership for the Financial Data Transformation Priority Area includes:
  • Office of Management & Budget
  • Department of Treasury
  • Department of Defense
  • Department of Transportation
  • Department of Health and Human Services
  • Department of Energy
  • Social Security Administration
  • Nuclear Regulatory Commission

08/10/2020

Coming Soon! We will update Financial Data Transformation's latest news here. Stay tuned for the latest updates!

For any questions, please contact CFOC.support@gsa.gov.