The Oklahoma Office of State Finance has gone to Oracle to streamline the reporting of public funding data and integrate it with other electronic records.
The Oklahoma Office of State Finance has implemented Oracle Database, Oracle Warehouse Builder and Oracle Business Intelligence Suite Enterprise Edition Plus, to more effectively manage and improve visibility into American Recovery and Reinvestment Act (ARRA) funding data. The Oracle software enables the Office of State Finance to efficiently manage and collect data related to awards, sub-awards and vendor payments from more than 25 state agencies and higher education institutions, that have received federal funding under ARRA. The system can then automatically submit the data in reports mandated by the Office of Management and Budget (OMB) to the FederalReporting.gov website. The Oracle software enables the department to better cleanse, combine and report the data, improving data accuracy. Prior to the Oracle implementation, the Office of State Finance was limited in its ability to drill down into the data to the individual award level. The Oracle solution enables the department to easily and quickly generate accurate, up-to-date ARRA reports, called Transparency reports, based on the data received from the state agencies. These reports, for example, outline the number of jobs created by different functions of government and within specific geographic locations, as well as highlight sub-award amounts categorised by award and payments made to vendors. "ARRA has made it clear that every taxpayer dollar spent on economic recovery must be subject to unprecedented levels of transparency and accountability. The State of Oklahoma is focused on providing this transparency to its citizens," said Steve Holdridge, Oracle group vice president for government and education consulting.
