IRS to release RFI for OPE Data Act Innovative Technologies, Tools and Processes

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IRS Office of the Procurement Executive (OPE) plans to release an RFI within the next two weeks to address the potential for introducing innovative technologies, tools, and processes to support Departmental and Bureau-level compliance with the Digital Accountability and Transparency Act of 2014 (Data Act). The IRS is calling for a plan for improving the integrity of financial and non-financial award data elements reported in accordance with the DATA Act.

The Department of the Treasury, the Office of the Deputy Chief Financial Officer (ODCFO), OPE, and the Office of Performance Budgeting (OPB) are working collaboratively to address our governance structure, reporting design, policy and guidance, as well as our processes and controls in support of the above requirements. In addition, we are focusing on testing plans to address high-risk reported data and to ensure an effective Internal Control Over Reporting (ICOR) process across all Bureaus.

The RFI will specifically address possible Robotic Process Automation (RPA)/BOT scripts and tasks as well as any Artificial Intelligence (AI) tools that can be employed in FY 2019 for supporting Treasury compliance with DATA Act/FPDS-NG reporting requirements. Treasury OPE is extremely interested in available RPA and AI tools that will aid in increasing overall data accuracy while also increasing operational efficiencies and shifting from low-value to high-value work.

Currently, the Treasury OPE anticipates one or more contractual instruments to be issued in FY19 as a result of this effort.

Read more here. 

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