“The Homeland Security Department is looking for automation, machine learning and artificial intelligence tools to get its financial systems where they need to be.
As part of the ongoing Financial Systems Modernization Program, the department has been working to move away from paper-based invoicing. But to fully realize that goal, the program will need high-quality tools capable of scanning and digitizing paper documents, according to a sources sought notice posted to beta.SAM.gov.
The Office of Management and Budget issued a mandate in 2015 for all agencies to move to electronic invoicing within three years. While DHS financial modernization moved away from paper invoicing, on the whole, the efforts did not meet the minimum requirements, according to the notice.
The document calls out two tools purchased as part of the modernization program—Kofax Capture and MarkView—neither of which ‘include automated technologies, such as machine learning and artificial intelligence.’
‘Based on the volume of transactions processed by FINCEN,’ the Coast Guard’s central financial processing center, ‘and without these additional automated capabilities, compliance with federal mandates and requirements of the Prompt Payment Act and GAO’s Standards for Internal Control in the Federal Government—known as the Green Book—may be impacted during [Coast Guard’s] move’ to the new system, the notice states. ‘Utilizing current technologies such as machine learning, artificial intelligence, as well as other technologies will enable processing volumes transactions in a more efficient manner.’…” Read the full article here.
Source: Homeland Security Wants AI to Help Realize a 5-Year-Old Financial Services Mandate – By Aaron Boyd, February 1, 2021. Nextgov.
- DHS OCFO Sources Sought: Financial Systems Modernization JPMO Intelligence Automation (February 1, 2021)