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Financial Innovation & Transformation

Financial Innovation & Transformation

The Office of Financial Innovation & Transformation (FIT) identifies and helps to carry out innovative solutions so that government agencies can become more efficient and transparent in federal financial management.

Our initiatives are aligned with the organization's three priorities: Innovation, Transformation, and Optimization in federal financial management.

One of FIT's major roles is managing the government-wide Financial Management Line of Business (FMLoB). It is a partnership of federal agencies finding new ways to solve the government’s needs for better financial management.

Partner with us to:

  • Advance federal financial management
  • Identify and pilot promising technology
  • Improve customer experience
  • Promote federal financial management standards

What Is FIT Doing To...

Increase back-office productivity

Cut waste

Improve program effectiveness

Achieve economies of scale

Financial Management Innovation Partnership

Managing the FMLoB

Learn About FIT Projects


Fiscal Service Reimagines Federal Financial Management Guidance

Fiscal Service Launches Two Innovative Projects to Shape How Government Evaluates and Adopts Emerging Technology

Call for Proposals – Financial Management Innovation Partnership – Due Date: July 10, 2020

Fiscal Service Releases New Version of Financial Management Standard Data Elements

Fiscal Service is Exploring Improved Course for Federal Financial Management

Distributed Ledger Technology’s Transformational Impact on Federal Financial Management

See All Updates

50+ Posts on Innovation to Stir Your Curiosity

Standardizing Business Exchanges: Vision for the Future – Part 2

October 15, 2020

Something Great is About to Happen… the New Treasury Financial Experience

September 17, 2020

Think About Things Differently

August 11, 2020

Standardizing Business Exchanges: Vision for the Future – Part 1

June 24, 2020

Business Unusual: Culture during a Pandemic

May 8, 2020

See All Blog Posts

Expand Your Horizon with FIT at these Events

2020 Events

Association of Government Accountants (AGA) Professional Development Training (PDT):  July 19-22, 2020

2020 Government Financial Management Conference (GFMC):  August, 2020

American Council for Technology and Industry Advisory Council (ACT-IAC) Imagine Nation ELC 2020:  October, 2020

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Last modified 10/15/20