The Corporate Financial Systems (CFS) are operated and maintained by the Department of Finance. CFS includes a wide range of systems and applications that support the ongoing financial operations of the government. These systems and applications are crucial to the operation of the government as they allow for the ordering of goods and services, payment of vendors, receipt and processing of payments to the government, as well as, facilitate the production of the Public Accounts each year. The CFS are a tool by which the Department of Finance meets its obligation under the Financial Administration Act to be stewards of public funds.
The Department of Finance is looking to upgrade and modernize the applications, programs, systems, and infrastructure for the Government of Yukon's main financial system. The project has been undertaken in order to eliminate the current risk associated with obsolete and non-supported hardware and software. At present, there are a number of components within the corporate financial systems which present a significant risk to the on-going operation of the CFS critical systems. Hence, considering the presence of clear risk to ongoing financial operations, the Department of Finance has embarked on the project that focuses mainly on upgrading of the Infor FMS Masterpiece version 3.0 to 4.0.
