Notice ID:Ā 140D0425R0058
FBMS is the administrative backbone for the Department and supports the system requirements of all DOI bureaus for acquisition, budget execution, core finance, financial reporting, fleet management, financial assistance, personal property, real property, as well as business decision reporting and travel management.
The standardization and integration delivered by FBMS facilitates a common approach to financial and business management. As a result, the DOI is positioned to deliver programs and services in a more efficient and effective manner, with greatly improved internal controls. Benefits gained from implementing this suite of applications include:
- Enhanced access to, and sharing of, real-time business information that supports effective business decisions for mission delivery across the DOI, bureaus, and in the field
- More timely business reports that facilitate analysis of core financial, acquisition, financial assistance, and property data
- Retirement of outdated legacy systems that do not comply with current mandates and are no longer supported by their software vendors
- An improved internal control environment with separation of duties and standardized business practices to support the internal controls
- Support for the consolidated financial DOI-wide audit with centrally produced information that can be used by the DOI, the Office of Inspector General, and independent auditor
- Shared expertise across the DOI and the bureaus so knowledge can be leveraged across the entire enterprise
- Development and adoption of shared approaches improving reporting and data management, management of tracking and reporting of administrative efficiencies, and value management
The implementation of FBMS across DOI has allowed the DOI to not only realize the benefits of a fully integrated, secure, modernized, business management system, but to also strengthen the integration and communication across the business management policy communities.
Industry Day
Additionally, the BIO will hold an industry day on May 1, 2025, from 1pm-3pm EDT. This will be an opportunity for vendors to hear a brief overview of the requirements and to ask questions about the procurement. You may submit questions in advance as part of your RFI response. These questions do not count towards your page limit. You must register to attend this event via the registration site below:
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