Financial Management Maturity
Self-Assessment Tool

Improving financial management requires an unrelenting focus across the entire agency.

As a Chief Financial Officer (CFO) or CFO's delegate, you must identify what is working well and what needs improvement.

To help you in that task, Treasury has developed a Financial Management Maturity Model:

• For use in an agency
• Easy to work through
• Based on current conditions and documents

Understanding the Maturity Model

To help CFOs shift from transition processing to becoming strategic partners in their agency's leadership, Treasury has defined five areas that agencies can target when developing plans for improvement.

Within each of those areas, the model has five maturity levels from "inadequate" to "leading." The five focus areas directly align with Treasury's The Future of Federal Financial Management.

We explain every area at each level in detail so you can place your agency in the model. You will also see opportunities for improvement by looking at the level beyond where your agency places in the model.

Your privacy is important to us.

The self-assessment tool is anonymous.
We do not store or track any of your information.

Five Focus Areas of Financial Management

1. Core Budget & Accounting Operations

Transform the way you conduct financial transactions to become more modern, seamless, and secure.

Blogs and Transformative Stories:

• Automated Clearing House
• Robotics: A Technology to accelerate processing times, create efficiencies, and strengthen financial controls

2. Financial & Regulatory Controls

Improve financial controls and embrace a proactive risk management culture.

Blogs and Transformative Stories:

• Are You Ready to Tackle Some Fraud?

3. Data Management & Analytics

Build advanced analytics capabilities with integrated agency-wide data.

Blogs and Transformative Stories:

• Small But Mighty
• We Call it Data Visualization. For Citizens, it's Eye Opening

4. Communicating Results

Improve communications to agency personnel and customers and maintain compliance with reporting requirements.

Blogs and Transformative Stories:

• Explaining America's Finances: Citizens Asked, Treasury Delivered. Follow the Money with USASpending.gov
• FM Vision Progress Statements

5. Strategic Planning & Mission Support

Drive year-over-year performance improvements.

Blogs and Transformative Stories:

• Learn How One CFO Used the FM Self-Assessment to Develop Winning Plays
• Five Things to Know When Implementing TBM