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Thursday, August 20, 2009

Labor’s New Financial System

The end of the federal fiscal year is tough enough, but come Oct. 1, Dept. of Labor CFO Lisa Fiely is overseeing the implementation of a new agency financial system.

Lisa says the agency is installing Oracle Federal Financials Release 12, the second federal agency to use that version. She’s also working to distribute $34 billion the agency has received in Recovery Act money, although a large amount is being added to already existing programs. “Like everyone, we want to get the money out quickly, but we’re taking extra steps to make sure it’s out helping the economy before we report as such.”

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