Project ENCORE aims to replace the state’s aging budgeting systems with Oracle Hyperion software that was acquired in March 2012. These systems include: Budget Request System, PeopleSoft EPM (Budget Module), Governor’s Budget Book, Capital Budget, Strategic Planning and Performance Metrics. Project ENCORE will streamline the current budget (request and work program), strategic planning, and performance management processes, as well as better manage the production of the Comprehensive Annual Financial Report (CAFR).
Project ENCORE leadership is working with a team of consultants from Deloitte Consulting to identify changes necessary and understand the particular needs of the various agencies to move from our current systems to the new technology. With the full Hyperion implementation beginning in September 2014, the state plans to retire the PeopleSoft EPM and the Budget Request System that agencies currently use. Project ENCORE leadership will work to deliver proper training to impacted parties and ensure a seamless transition to the new software.
Hyperion will provide an integrated, end-to-end planning, budgeting, and performance management tool, substantially reducing or eliminating the need for offline budgeting tools and/or reducing duplicate data entry by allowing uploads from such offline tools as Microsoft Excel. Further, Hyperion Strategy Management will serve as a tool for inductively engineering new statewide strategic planning and performance management processes.