The Financial Management Services Improvement Initiative will acquire a modernized financial management system that will enable the Coast Guard to better control its resources, with more efficient execution of financial tasks and improved sustainability.

Benefits:

• Updated bookkeeping methods to keep the Coast Guard compliant with federal standards.
• Reduces maintenance costs.
• Consolidated financial operations that reduce the financial record-keeping burden for field commanders.
• Simpler auditing, resulting in greater accountability.
• Reduced need for software development.
• No need for extensive software installation or upgrades on Coast Guard computers, reducing workload for Coast Guard personnel, and increasing software availability.