San Francisco Public Works Annual Report - Fiscal Year 2017-18 | Page 37

The Financial System Project (F$P) is a citywide initiative led by the Office of the Controller to implement a new way for City departments to make purchases and manage finances. The new system, which launched in July, replaces outdated financial legacy systems, reduces redundancies and will make it easier to use data as actionable information. The City selected PeopleSoft Financial Management and Supply Chain Management, along with Oracle Business Intelligence, as the software that allows Public Works staff from accounting, budget and contract administration and contract preparation to work with increased efficiency, while helping to provide services to the public. The new system will help Public Works optimize its resources and make better informed decisions that impact the entire city. 1 2 3 Financial and Procurement System (F$P) F Y1 7-1 8 @sfpublicwo rks | 3 1