Coast Guard becomes third DHS agency to modernize financial system

The system is part of DHS's initiative to update its agencies' legacy financial systems with an emphasis on security and data integrity.
USCGC Thetis off Brazil
U.S. Coast Guard Seaman Ariana Claudio looks through long-range binoculars on the bridge wing of USCGC Thetis (WMEC 910) near the port of Fortaleza, Brazil on Dec. 23, 2021. (U.S. Coast Guard / Petty Officer 3rd Class John Hightower)

The Coast Guard has transitioned to an updated integrated financial, procurement and asset management system with automated controls and heightened security, the Department of Homeland Security announced Friday.

Called the Financial System Modernization Solution (FSMS), it also has features to help the Coast Guard standardize its more than $12 billion budget with the rest of DHS.

The system is part of DHS‘s FSM initiative to update legacy financial systems with an emphasis on security, data integrity and more accurate, transparent financial reporting.

“Modernizing our financial support systems is vital to the Department of Homeland Security and is one of our top priorities,” said Stacy Marcott, acting chief financial officer, in the announcement. “The new system will vastly improve the U.S. Coast Guard’s business systems, help employees be more productive and allow them to achieve more reliable results when paying bills, procuring goods and services, reporting and managing budgets and much more.”


The Coast Guard is the third DHS agency to transition to FSMS, after the Countering Weapons of Mass Destruction Office in October 2019 and the Transportation Security Administration in October 2020.

Chief Financial Officer Rear Adm. Mark Fedor estimated the transition took hundreds of employees thousands of hours to implement.

Dave Nyczepir

Written by Dave Nyczepir

Dave Nyczepir is a technology reporter for FedScoop. He was previously the news editor for Route Fifty and, before that, the education reporter for The Desert Sun newspaper in Palm Springs, California. He covered the 2012 campaign cycle as the staff writer for Campaigns & Elections magazine and Maryland’s 2012 legislative session as the politics reporter for Capital News Service at the University of Maryland, College Park, where he earned his master’s of journalism.

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