Labor eyes new budget system

The Labor Department is seeking information about commercial systems it might use to manage budget information better. Vendors must respond to Labor's request for information by the end of this month.

The department is not yet committed to purchasing a new budget system, however. The RFI referred to a possible acquisition as the Automated Electronic Federal Budget Formulation, Publication and Integration Solution, or Budget Support System.

Labor's budget center, in the Office of the Assistant Secretary for Administration and Management, said it understands that "companies have matured their offerings" enough to automate the federal budget submission and reporting process.

The RFI said Labor's existing methods of processing budget information are beset by problems, including:

  • Late, inaccurate and incomplete data submissions

  • Expensive manual labor to create labels and books

  • Lost opportunities for client support and customer service

  • Lack of integration with financial management systems

  • Poor visibility to top leaders

  • Costly offline formatting and duplication.


  • Department officials want to eliminate those problems, as well as create an audit trail, build a 10-year appropriations history and improve knowledge sharing across bureaus.

    Reader Comments

    Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

    Please type the letters/numbers you see above

    What is your e-mail address?

    My e-mail address is:

    Do you have a password?

    Forgot your password? Click here
    close

    Trending

    • VIDEO: Explore the 2019 M&A Trends

      Editor Nick Wakeman interviews Kevin DeSanto of the investment bank KippsDeSanto about the highlights of their annual M&A survey and trends driving acquisitions in the federal space. Read More

    • PROJECT 38 PODCAST

      In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

    contracts DB

    Washington Technology Daily

    Sign up for our newsletter.

    Terms and Privacy Policy consent

    I agree to this site's Privacy Policy.