Fiscal Service Tests Improving Federal Financial Management Using Artificial Intelligence

Washington, D.C. – The Bureau of the Fiscal Service continues in its role as a leader in incorporating artificial intelligence capabilities to improve federal agency operations.  Effective use of artificial intelligence will allow federal agencies to provide more efficient, timely, and effective service to their customers.

As part of this effort, Fiscal Service has launched a study to assess whether artificial intelligence capabilities like machine learning and natural language processing can be used to create Treasury warrants. Treasury issues warrants to agencies based on the amount of funds appropriated by Congress.

The warrants provide authority for the agencies to obligate and disburse funds.

Acting Assistant Commissioner for Financial Innovation and Transformation, Adam Goldberg, stated that the project “aligns with our recently launched Digital End-to-End Efficiency initiative, which aims to digitize and automate entire business processes rather than individual tasks. This project is one of the Bureau’s first assessments of how cognitive tools support a financial management digital transformation.” Click here to learn more.