The Florida PALM Project
The State of Florida has embarked on a multiyear endeavor to replace the current accounting and cash management systems with a cloud-based, modern financial management solution. The Florida PALM Team is partnering with agencies to design, build, and implement a standardized, scalable, statewide system that will enhance Florida’s business practices and position Florida for future innovation. The Florida PALM Project commenced on July 1, 2014, and the contract for an integrated software and implementation support services was signed on July 20, 2018. Florida PALM launched the first roll-out of functionality in 2021 by making cash management functions available for the State in the new system.
Florida PALM Project Vision
Implement a statewide accounting system that enforces standardization, acts as a scalable foundation to evolve as business needs change, and positions Florida for future innovation as it considers a true enterprise-wide solution.
Project Solution Goals
- Reduce the State’s risk exposure by harnessing modern financial management technology built on the premises of scalability, flexibility, and maintainability;
- Improve state and agency specific decision making by capturing a consistent and an expandable set of data;
- Improve the State’s financial management capabilities to enable more accurate oversight of budget and cash demands today and in the future; and
- Increase internal controls by enabling standardization and automation of business processes within and between DFS and agencies
Established more than 30 years ago, the Florida Accounting and Information Resource (FLAIR) has been the mainstay application providing accounting resources to the State’s agencies. However, since the implementation of FLAIR, the State’s budget and its accounting needs have grown and outstretched FLAIR’s capabilities. The Cash Management System was implemented in the late 1980’s and was recently updated in 2013, and has been similarly outpaced by the State’s needs. Based on information provided in the FLAIR Study, the Florida Legislature authorized the creation of the Florida PALM Project to design, develop, and implement a financial management solution (FMS).
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