Governor Jenniffer González Colón announced that about 66 government agencies went "live" this Wednesday with Íntegra, a new centralized digital financial system replacing one developed in the late 1990s, which she called "archaic." Speaking at a press conference at the Department of the Treasury (Hacienda), she said the change eliminates manual, paper-based financial processes and will allow money to be tracked across every agency. Development of the centralized system began in 2015, but despite an investment of $78 million, it was never implemented under four prior governors.
González Colón said achieving this in 16 months was "a greater achievement" than what those administrations accomplished in 10 years. The system, designed by Oracle, was activated after the Secretary of the Governor's Office, Francisco Domenech, renegotiated the contract with Deloitte and Touche to include performance metrics and penalties, requiring an additional $22 million investment.
Officials say Íntegra will improve visibility into government finances, help control spending, purchasing, accounting, supplies, and human resources, and support efforts to satisfy financial statement requirements needed to exit the Fiscal Oversight Board and access bond markets. Separately, Hacienda submitted the government's 2023 financial statements to the Board last Friday, with the 2024 report expected by year's end and the 2025 report due next year.