State of Hawaii Financial Management Systems

The State of Hawaii Department of Accounting and General Services (DAGS) is undertaking a modernization project replacing the state’s 40-year-old antiquated financial management platforms. The new system will help the state manage state money more effectively, enabling it to make timely, transparent and data-informed decisions. Real-time information will greatly help executives and staff — as well as the Hawaii State Legislature — budget and forecast more accurately.

The infographic below depicts the current state of Hawaii’s Financial Management System, contrasting it with benefits the upgraded system would provide for the state.

Image courtesy of Transform Hawaii Government and GoodJujuCo.

Progress

In August 2021, a request for proposal (RFP) evaluation was concluded to overhaul the state’s Financial Management System (FMS). LSI Consulting Inc. was chosen as the Systems Applications and Products in Data Processing (SAP) systems integrator for the FMS modernization project. Kickoff for the project will commence following completion of a contract between the two parties.

Funding for the Enterprise Financial Management Systems modernization project was approved in May 2020 when the Hawaii State Legislature passed HB 2725 appropriating funds for capital improvements projects, including $17 million for a dramatic update of the FMS.

The implementation of a unified FMS is a crucial initiative that will replace the state’s current 40-year-old system. Benefits of the project will include:

• A cloud-based system allowing for greater visibility of data and resources
• An integrated and robust system providing accurate and timely information of reports available for inter-agencies
• A resource to real-time data and enriched reports and analysis of the state of financial distributions helping guide state leaders in the decision-making process
• Streamlined processes for state employees enabling a digital workplace environment
• Greater efficiency in procurement processes, invoice processing and payments to contractors and vendors
• Easier access to government services for Hawaii residents

Image courtesy of Transform Hawaii Government and GoodJujuCo.