The state must decide how these transactions will be managed organizationally. The committee agreed that EC is too large not to at least coordinate financial transactions centrally. There may be resistance from agencies to a single solution. The committee outlined three models that could be documented in more detail with pros and cons of each listed. That document should be reviewed by Don Mazziotti and Jon Yunker for direction.
Many agencies have different financial systems, and other kinds of systems.
Keep the policy general enough that all rule writing bodies are covered. The committee also spent time talking about the cost of manual versus electronic payments. The cost recovery model most agencies use to set fees for providing products or services, makes this difference important as the state moves to doing financial transactions over the Internet. The survey will also identify the current percentage of transactions that are electronic. It was suggested that the steps required to accept different kinds of payments by agencies should be documented and the labor cost calculated and compared.