North
Carolina standardizes key finance processes for state
agencies in the cloud with Oracle
AUSTIN,
Texas, Feb. 12, 2024 /PRNewswire/ -- The
State of North Carolina has
implemented Oracle Fusion Cloud Enterprise Resource Planning
(ERP) to support its mission to protect the financial
integrity of the State and promote accountability in an objective
and efficient manner. With Oracle Cloud ERP, North Carolina has standardized finance
processes in the cloud, increased efficiency, improved controls,
and enhanced its ability to serve constituents.
North Carolina is the
ninth-most populous state in the United
States and home to over 10 million residents. Supported by a
mainframe legacy ERP system that was over 35 years old, the Office
of the State Controller needed to modernize its finance processes
to improve efficiency, reduce risk, attract the next generation of
talent, and better support its constituents. After evaluating
numerous ERP vendors, North
Carolina selected Oracle Cloud ERP.
"Our operations were hampered by a legacy system that kept
critical data in silos and required constant maintenance. We needed
a new financial backbone that would free our organization from IT
constraints, improve security, increase flexibility, and deliver a
modern user experience," said Clayton
Darnell, chief deputy state controller, State of North Carolina. "With Oracle Cloud
ERP, we have standardized finance processes for our state agencies
on a single cloud platform, which has enabled us to achieve more
efficient and agile operations as we serve the residents of
North Carolina."
Oracle Cloud ERP has enabled North
Carolina to manage state-wide financials on a complete,
modern, cloud ERP suite to increase productivity and improve
controls. With Oracle Cloud Enterprise Performance Management
(EPM), part of Oracle Cloud ERP, the State has simplified
complex reporting processes across all of its agencies and
accelerated decision-making.
"To meet constituent demand for fast and reliable services,
state agencies need to adapt to new technologies and embrace a
continuous innovation mindset," said Rondy
Ng, executive vice president of Applications Development,
Oracle. "With Oracle Cloud ERP, North Carolina now has the
financial platform it needs to automate core business processes,
unlock new efficiencies, and deliver unparalleled constituent
services to the citizens of North
Carolina."
Oracle Cloud ERP offers a comprehensive set of enterprise
finance and operations capabilities,
including financials, accounting
hub, procurement, project management, enterprise
performance management, risk management, subscription
management, and supply chain management & manufacturing.
The self-updating platform provide customers with the industry's
most advanced technologies every 90 days, giving organizations the
ability to build, innovate, automate, adapt, and leverage new
business opportunities on-demand.
This implementation was managed by Oracle PartnerNetwork (OPN)
member, Deloitte.
About Oracle
Oracle offers integrated suites of
applications plus secure, autonomous infrastructure in the Oracle
Cloud. For more information about Oracle (NYSE:
ORCL), please visit us
at oracle.com.
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SOURCE Oracle