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Guam shifts to new financial system amid data migration, contract costs and user complaints
Summary
The Department of Administration told the Guam Legislature’s finance committee it is continuing migration to a cloud-based Guam Financial Management Information System and is conducting a large data cleanse while annual contract payments decline from implementation to maintenance phases.
The Department of Administration told the Guam Legislature’s Committee on Finance and Government Operations on June 19 that it is continuing phased implementation of the Guam Financial Management Information System (GFMIS) and working through data migration and user issues.
The new system is now the department’s primary accounting platform, Director Edward Byrne said, and agency staff are being moved from legacy systems as data mappings and a large “data cleanse” proceed. "This involved close to 5,000 accounts with large balances," CFO Theresa Rivers said, describing migration work and user feedback the department has been addressing.
Why it matters: The new cloud-based FMIS centralizes accounting and payroll and is a core control used by bond rating agencies and auditors. Byrne told senators the system’s performance and improved controls were cited…
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