In a press release published this morning, we announced the completion of our transformational project with the City of Detroit, implementing Oracle Cloud for Finance.
This integrated enterprise cloud solution includes Oracle Financials Cloud, Oracle Procurement Cloud, Oracle Project Portfolio Management (PPM) Cloud, Oracle Planning and Budgeting Cloud Service, along with Oracle Fusion Middleware.
As a result of its fiscal distress and bankruptcy exit criteria, the City underwent a full functional transformation of its financial operations, including replacement of legacy financial management systems and restructuring of the City’s financial functions. The objective was to build a high-functioning financial foundation to support the City’s current and future goals and objectives. This implementation is a significant step towards the City’s goal of achieving financial transformation, which includes a major restructuring of Financial, IT, and HR operations.
“…This is a key initiative in reforming the City’s financial operations, which will help ensure better service to our citizens and employees,” said John W. Hill, Chief Financial Officer at the City of Detroit. “AST was very helpful and responsive throughout the project and did a great job of engaging and integrating with the City of Detroit’s project team,” added Hill. “Our staff’s knowledge of the system improves each day with continued support and assistance from AST.”
This has been an exciting and dynamic endeavor for AST, and we are proud of the success our team has had with the City.
Read the full press release here.