The STAR Financial Management System is comprised of several applications and features that work together to deliver comprehensive business solutions:
•Asset Management is the core for all assets and related activities.
•Billing processes billing information to create standard invoices and optimizes billing activities.
•Cash Management provides real-time visibility into agencies' cash position to accurately forecast cash requirements, ensuring liquidity.
•Commitment Control allows for active control of expenditures against predefined, authorized budgets.
•Expenses is used for travel expense reports and other employee reimbursements.
•General Ledger is the core of the STAR Financial Management System. It provides strong controls to meet financial reporting regulations with flexibility to accommodate different reporting and business requirements. Finance applications, such as Payables and Receivables, automatically create accounting entries.
•Grants help manage the full life cycle of grant activities. Grants is fully integrated with Contracts, Project Costing, General Ledger, and Billing.
•Payables
provide the integration and flexibility needed to optimize the accounts payable
process.
•Project Costing has
financial control features that provide improved budgeting capabilities and
greater oversight into project transactions.
•Receivables
allows for the effective management of the State's receivables asset.
