U.S. Fiscal Service adopting software automation robots and blockchain technology to improve federal agencies’ fiscal management processes

Briefing

U.S. Fiscal Service adopting software automation robots and blockchain technology to improve federal agencies' fiscal management processes

October 4, 2017

Briefing

  • Exploring Innovative Technologies – U.S. Bureau of the Fiscal Service, through Office of Financial Innovation and Transformation (FIT), launching two pilot initiatives leveraging robotic process automation and blockchain to enhance federal government’s fiscal management systems
  • Efficient and Transparent Processes – Aims to improve process efficiency, digitize paperworks and strengthen accountability of federal government bodies
  • Automating Tasks – Will create software robots that can streamline and automate financial management workflows common across federal agencies, focusing initially on repetitive tasks, such as encoding or transferring data
  • Monitoring Assets – Will use blockchain technology to develop new system that monitors asset movement within federal agencies and explore ways how technology can further improve agencies’ financial management

Accelerator

Business Model and Practices

Business Model
and Practices

Sector

Government (excluding military)

Organization

U.S. Bureau of the Fiscal Service

Source

Original Publication Date

October 3, 2017

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