Download or read book Financial Management Systems written by Kay L. Daly and published by DIANE Publishing. This book was released on 2011-04 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2004, the Office of Management and Budget (OMB) launched the financial management line of business (FMLOB) initiative, in part, to reduce the cost and improve the quality and performance of federal financial management systems by leveraging shared services available from external providers. In response to a request to study FMLOB-related issues, this report (1) identifies the steps agencies have taken, or planned to take, to modernizing their core financial systems and migrate to an external provider and (2) assesses the reported benefits and significant challenges associated with migrations, including any factors related to OMB's new financial systems modernization approach. Tables and figures. This is a print on demand pub.