The U.S. Patent and Trademark Office (USPTO) has completed a critical upgrade to the agency’s core financial system, Momentum, to streamline and enhance management of travel, acquisition, invoicing, and fee payment systems.
This upgrade delivers on the USPTO’s obligations under the President’s Executive Order on Protecting America’s Bank Account. It places the agency on the Department of Treasury’s Financial Quality Service Management Office (QSMO) standard systems. The USPTO is the first federal agency to use Treasury’s QSMO acquisition vehicle as part of a shared marketplace for financial management offerings.
The USPTO migrated Momentum to the cloud during FY 2024, paving the way for the recent upgrade. New features and capabilities of the update include a modern microservices architecture that allows for iterative updating to reduce risk and down time, and artificial intelligence functionalities that will help the USPTO realize efficiencies on its service desks. The upgrade will also assist the agency in maintaining seamless performance of the patent and trademark storefronts, which approximately 200,000 stakeholders use every year to pay application and maintenance fees.