Treasury sees new role for CFOs

The Department of Treasury’s Bureau of the Fiscal Service rolled out a new 10-year plan this week to transform the role of federal chief financial officers.   The main focus of the plan is automation, aiming to leverage new technologies to improve service delivery.  The 10-year vision contains 4 core focus areas – optimize the disbursement of funds by reducing the number of paper checks, replace the current lock box systems with digital ones, strengthen reporting by making more financial data available, and expand analytics through the “do not pay” portal.  Federal News Radio has the report.