Financial Management Support System (FMSS)
Investment ID: 018-000001024
Overview
Program Title
Financial Management Support System (FMSS)
Agency
Description
The FMSS is a critical system of the Department of Education and is supported by the ISS business case for infrastructure and testing as part of the EDCAPS environment. The FMSS provides Department-wide core financial management capabilities.
Type of Program
Major IT Investments
Multi-Agency Category
Financial Management
Investment Detail
The rate of return (ROI) for the FMSS investment for FY 2022 is projected to be positive at 25% plus annual return. A positive ROI indicates that projected savings exceed the projected expenses of the investment. The FMSS continues to leverage COTS functionality for Treasury mandates. During FY 2022 we upgraded from Release 12.2.6 to 12.2.10 to address GTAS reporting requirements. These enhancements reduce the required manhours by more than 20 hours weekly.