"FI$Cal - short for Financial Information System for California - combines financial planning, accounting, budgeting, cash management, and procurement. Its builders believe that it is one of the largest public-sector IT systems in the world. Given that most national governments would rely on separate departmental systems, and that California is the world's fourth-largest economy, the claim may not be so far-fetched."
"Based on PeopleSoft, acquired by Oracle for $10.3 billion in January 2005, and Hyperion, which Oracle bought for $3.3 billion in 2007, FI$Cal supports approximately 16,000 end users in 151 departments that use the system to pay their bills and balance their budgets every day. It processed $453 billion in spending in fiscal 2023-2024 while the State Treasurer's Office system functionality handled more than $2.9 trillion in state government banking transactions in the same period."
"In 2021, 16 years after the implementation was first proposed, the final functionality was deployed to FI$Cal, the statewide finance system. The following year, the legislature judged that all the project's objectives had been met. Just why it took the same time as a startup like YouTube to achieve world domination tells us a lot about enterprise software, and especially its role in government: it's harder than it looks."
FI$Cal, Financial Information System for California, integrates financial planning, accounting, budgeting, cash management, and procurement for the state. The implementation began with proposals in 2005 and reached final functionality in 2021, with legislative approval of objectives in 2022. The system is based on PeopleSoft and Hyperion technology and supports about 16,000 end users across 151 departments. FI$Cal processed $453 billion in fiscal 2023-2024 while State Treasurer's Office functionality handled over $2.9 trillion in banking transactions. Six departments remain deferred, with the Department of Justice targeted for 2027 and Caltrans planning adoption.
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