Oracle Solutions Support the American Recovery and Reinvestment Act
Oracle is uniquely qualified to help states, municipalities, and local governments quickly achieve the transparency and accountability required to receive and manage funding under the American Recovery and Reinvestment Act (ARRA) of 2009.
ARRA presents Public Sector organizations with new challenges around collecting, monitoring, and communicating key information about their use of public funds. ARRA requires the accurate, timely, and effective flow of data among all recipients of these funds in support of transparency and accountability objectives. Oracle provides the most complete, open, and integrated solutions to meet these challenges. Using Oracle Business Intelligence dashboard solutions, recipients of ARRA funds can meet the reporting requirements and achieve required levels of transparency by leveraging data currently existing in their financial, planning, and tracking systems used to maintain accountability for operational, infrastructure, and technology programs.
ACHIEVING TRANSPARENCY OF PROCESS AND RESULTS
Transparency of process and results is a fundamental ARRA requirement. Recipient agencies must be able to monitor, track, and report on all activities receiving ARRA recovery funds and submit required reports on a regular basis that describe their use of granted funds. With the multiple levels of reporting necessary to meet the objectives of the Act, a unified and flexible reporting infrastructure that can provide a single view across different source systems and input processes is a critical ingredient in meeting ARRA requirements for transparency.
Oracle's enterprise dashboard solution provides the framework for capturing the required data and providing the up-to-date information about key performance indicators to the granting federal agencies, the Office of Management and Budget, state stakeholders, local entities, and citizens in a participatory process.
Oracle Business Intelligence provides unmatched capabilities to pull together data from a variety of sources into a single consistent reporting environment. Dashboard and map-based display capabilities provide easy access to performance metrics, with easy drill-down into the detailed data, providing complete visibility into the following:
ACHIEVING ACCOUNTABILITY AND MANAGING RISK
Beyond transparency, continuous financial and program accountability is a critical ARRA requirement. Oracle's deep portfolio and expertise in enterprise solutions for the Public Sector—including Financial Management, Project Management, Human Capital Management, Policy Management, Customer Service, Case Management, and comprehensive Governance, Risk, and Compliance—provides Public Sector organizations with the tools that improve and demonstrate accountability, as well as manage risk.
PARTNERING WITH THE PUBLIC SECTOR
For almost 30 years, Oracle has been partnering with Public Sector organizations to address the full spectrum of enterprise information challenges. Leveraging the most comprehensive suite of business and technology products available, Oracle is actively working with Cabinet agencies, as well as state and local governments, to meet today's ARRA requirements.