Oracle Corporation (NYSE: ORCL) announced that its Oracle Cloud Federal Financials solution has been added to the U.S. Department of the Treasury's Financial Management Quality Service Management Office Marketplace, becoming the first cloud-native offering in the marketplace.

The Treasury's FM QSMO Marketplace enables federal agencies to identify vetted financial management solutions that meet government-wide standards for financial systems and data. The marketplace aims to increase standardization and improve efficiency, transparency, security, and performance of federal financial operations.

Oracle Federal Financials is part of Oracle Fusion Cloud Enterprise Resource Planning and includes automated accounting, budget planning and execution, funds control, delinquency processing, and debt collection capabilities in a single platform. The solution features embedded artificial intelligence capabilities for financial reporting and automated transactions.

"The inclusion of Oracle Federal Financials in the FM QSMO Marketplace builds on our proven track record across the public sector and enables federal agencies to transform finance operations while staying aligned with government standards and compliance requirements," said Rondy Ng, executive vice president of Applications Development at Oracle.

The solution operates through Oracle's dedicated government data centers that are FedRAMP and Impact Level-authorized. Federal agencies can scale IT resources based on workload requirements via Oracle Cloud Infrastructure and receive quarterly updates with new features and capabilities.

Oracle reported that 11,000 organizations across various industries use Oracle Fusion Cloud ERP. The broader Oracle Fusion Cloud Applications suite includes enterprise resource planning, human capital management, supply chain and manufacturing, and customer experience applications.