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Financial Management Service
Improvement Initiative

Status

The Coast Guard is working with the Department of Homeland Security to develop and implement an acquisition strategy for the program.

  Program Information                       

  Resources                                      

PROGRAM OVERVIEW

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.