State of Indiana Standardizes Financial Systems State-wide to Improve Efficiency and Transparency
 
 

State of Indiana Standardizes Financial Systems State-wide to Improve Efficiency and Transparency

  • Oracle Customer:  State of Indiana
    Location:  Indianapolis, IN
    Industry:  Public Sector
    Employees:  28,069
    Annual Revenue:  Over $5 Billion

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The State of Indiana, the Hoosier state, is home to more than 6 million residents. The Office of the State Auditor maintains the state’s financial records and pays all of its bills and employees. The Indiana Office of Technology (IOT) provides cost-effective, secure enterprise technology services to state agencies so they can better serve state taxpayers.

 
 

 
 

Challenges

A word from State of Indiana

  • “By standardizing on Oracle’s PeopleSoft Financials, we have improved efficiency and transparency statewide, while also positioning ourselves to better track Federal funds.” – Paul Jasheway, Manager for Business Support, Government Management Information Systems (GMIS), Indiana Office of Technology, State of Indiana

  • Continue to increase the level of service provided to the state’s citizens without increasing burden on the state budget
  • Give 70 state agencies the tools they need to operate efficiently while gaining greater control over spending
  • Improve reporting to meet transparency requirements, including reporting on Federal grant spend

Solutions

Oracle Product and Services

  • Migrated all state agencies to Oracle’s PeopleSoft Financials, significantly improving efficiency and transparency
  • Implemented a standard chart of accounts, enabling users within each agency to collect data by department, program, and project, for both state and Federal government reporting
  • Enabled agencies to generate their own data, track balances and obligations, and instantly get a real-time snapshot of the financial health of their agency and its departments
  • Gained greater visibility into and control over spending at the agency and state levels, including the ability to track and monitor how and where Federal grants are spent
  • Improved reporting, gaining more granular detail and enabling drilldown into specific projects or grants
  • Ensured more consistent and accurate data and avoided audit report delays
  • Accelerated payment processing—such as child support checks, which can total 50,000 daily
  • Enabled agencies to reassign financial administrative staff members to other priorities by automating and eliminating the need to rekey information into different systems
  • Used Oracle User Productivity Kit as well as classroom training to accelerate user proficiency

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