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What is NYFMS Phase 1 Functionality?

April 26, 2017functionality nyfms phase

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What is NYFMS Phase 1 Functionality?

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While the ultimate vision for NYFMS is to implement Enterprise Resource Planning (ERP) software for all of the 11 business processes, in order to gain more immediate returns and meet joint deployment timeframes with CAS, functionality planned for the first phase (April 2011) will focus on six business processes/sub-processes. They include: General Ledger, including the Chart of Accounts; Budget Management; Accounts Payable/Travel; Purchasing and E-Procurement; Accounts Receivable and Non-Tax Revenue; as well as, Bid Development and Management.