Florida Taps PeopleSoft for Financial Management

State to standardize 50 agencies, 1,200 users on software to drive accountability and performance

Pleasanton, CA October 29, 2003 The State of Florida has selected PeopleSoft Financial Management as the foundation for its new statewide financial system, citing the software's embedded support for such public sector best practices as commitment control, grants management and performance-based budgeting as the impetus behind its choice.

Florida joins other e-government leaders, such as North Dakota and Connecticut, in consolidating the state's financial management functions onto a single system.

Florida said it would work with BearingPoint, a PeopleSoft partner, to replace its 20-year-old legacy FLAIR (Florida Accounting Information Resource) and CMS (Cash Management Subsystem) accounting systems with PeopleSoft Enterprise Financial Management, Enterprise Performance Management and Enterprise Service Automation solutions.

More than 50 state agencies and 12,000 users will use PeopleSoft's financial applications to improve the management of Florida's $50 billion annual budget.

"Florida's decision to upgrade its technology infrastructure was driven by the fact that our state agencies were unable to provide policy makers with detailed cost information on state programs and services," said Tom Gallagher, chief financial officer for the State of Florida and head of Florida's Department of Financial Services. "By implementing PeopleSoft we'll be able to give Florida lawmakers the real-time information they need to budget and allocate resources more effectively, and enable them to meet increased demand for public services."

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