“The Treasury Department and the Bureau of the Fiscal Service last year disbursed $66 billion in payments for the Defense Department, an arrangement that allows DoD to focus more on its core military mission.”
“But that’s only part of the agency’s plan to process nearly half a trillion dollars in payments for the Pentagon by the end of fiscal 2022...”
“The bureau has taken on a larger role as a shared service provider as part of Treasury’s plan to transform the state of federal financial management over a decade.
"This five-point strategy, “The Future of Federal Financial Management,” focuses in part on making the bureau a greater provider of shared services, and use the data it collects to provide greater insight to government spending...” Read the full article here.
Source: Bureau of the Fiscal Service makes shared services key to modernization – By Jory Heckman, March 2, 2020. Federal News Network.