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Project Aspire: Empowering FLorida's leaders with the timely and accurate financial information they need when making decisions that affect people's lives
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Benefits Summary of Aspire Solution

  • The web-based technology of Project Aspire's implementation of PeopleSoft Financials will provide wide access to the State's financial information, as well as, provide that information in a timelier manner. The technology provides the flexibility for changes in code structures and the addition of new functionality with minimal impact on users. Through enhanced technology, agencies can better manage the financial assets of the State and therefore provide more effective services to citizens.


  • Project Aspire will better position the State to deploy web-based applications for e-commerce and e-government services that are tightly coupled to the State's financial management system.


  • A new account code structure and chart of accounts made possible by Project Aspire will allow for access to financial management information by program and activity, even across state agency and government branch lines.


  • Through integration of state agency accounting and cash management functions and the adoption of enterprise financial management policies, Project Aspire will create a reliable source of financial management information. In short, there will be, finally, one official version of Florida's state government finances.


  • Improved integration of data between the various State systems will allow users to perform more detailed analysis and reporting that is not possible today.


  • The PeopleSoft software implemented by Project Aspire will reduce the number of shadow systems, thus eliminating sources of out of sync, out of date, incomplete, and erroneous data.


  • Due to improved integration, PeopleSoft Financials software will reduce the number of reconciliations, and thus the staff effort assigned to reconciliation activities.


  • Project Aspire will provide enhanced accounting for contracts, grants and projects to better manage these funds that comprise a significant portion of the State's budget.

For details, please see Significant Business Benefits 03.16.2005 (130kb)Acrobat Icon

 

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