AFIS stands for Arizona Financial Information System. AFIS is business management software that allows Arizona to use a combination of integrated applications to manage its business functions. AFIS uses an approach to financial management that lets users control financial resources, while being responsive to the challenges of modern public finance. AFIS incorporates a variety of business areas (such as Budgeting, General and Cost Accounting, Asset Management, Accounts Payable, and Accounts Receivable). This results in a single, integrated system that addresses the key financial management processes needed to conduct State business.