SA gov switches up financial system

The South Australian government is planning on adopting a cloud-based technology to build out its business insights to increase productivity and reduce costs.

The state government’s Department of Treasury and Finance chose Oracle Fusion Cloud Enterprise Resource Planning (ERP) for the work.

The new Oracle ERP will replace the department's existing Masterpiece system, which reached end of life after being in place for more than 30 years. 

It’s expected the work will uplift accuracy and efficiency plus help keep the department up-to-date on standards and shifting legislative requirements and boost audit controls across 51 state agencies.

The Department of Treasury and Finance is responsible for delivering payroll, accounting, and finance services to most South Australian Government agencies via the Shared Services South Australia (SSSA).

The SSSA moves through around three million invoices and produces 175 sets of financial statements each year.

Mark Carey, executive director of SSSA said, “We need to adopt new technology to accelerate digital transformation and deliver high-quality financial services to our customers.”

“Oracle Cloud ERP and Oracle Fusion ERP Analytics provide capabilities that will help us improve the speed and accuracy of financial processes and expand business insights for decision-making and resource allocation,” Carey said.

Meredith Rowan, vice president for applications at Oracle Australia and New Zealand added the business is “excited” to be working with the government “and support the organisation in its digital transformation journey.”

“With population and business growth on the horizon, the South Australia government is adopting automation and touchless financial processes to deliver more value to its constituents,” Rowan said.