Professional Documents
Culture Documents
Agenda
Introduction Oracle Treasury Solution implementations The Oracle approach Oracle Treasury experience key factors Important Relationships Road from Strategy to Solution The Oracle Treasury Solution How does Oracle deliver ? Lessons Learnt Critical Success Factors
Introduction
Public Sector Reform benefits from Fiscal Management System Implementation Government accountability high visibility in country Implementation of a Fiscal Management System facilitates decentralisation of government operations Highly Political an election year poses a significant risk to the project Many influencers eg: Government Officials, World Bank, Parliament, IMF, EU
Compliance with IPSAS Recommended approach has been defined by World Bank - Oracle sells a solution based on World Bank Recommendations !
The Customer generally has limited complex IT project experience Implementing Fiscal Management Systems requires
Ability to influence policies Understanding of Processes
Cannot be approached as an IT Project Must be part of a Fiscal Management or Budget Reform Program Clear, agreed and documented KBRs Critical that Change Management is addressed as an integral part of the program
Important Relationships
Government officials The Customer World Bank many fiscal reform projects funded by The World Bank IMF often provide external advisors to countries to establish fiscal reform policies EU - Phare Contract Terms and Conditions are extremely challenging USAID Local Partners
Local knowledge Use of local implementation skills Political relationships Ongoing support
Suppliers
Policy
Processes Solution
TREASURY
CENTRAL BANK DEBT MANAGEMENT ECONOMIC POLICY BUDGET MANAG. CASH MANAG. CENTRAL OFFICE REGIONAL UNITS
AUDIT ORGAN.
BUDGET PREPARATION
Vendors
Cash Management Receivables Report on Payments & Receipts to TSA Public Ac.Receiv. Budgeting / OPSFI Sector Ac. Payable
Treasury General Ledger Reports on Revenue Receipts Cash Forecasts; Allocations
C O M M E R C I A L B A N K S
CASH MANAGEMENT DEBT MANAGEMENT REVENUE ADMINISTRATION CIVIL SERVICE MANAGEMENT AUDITING
Oracle Treasury & Cash Management Oracle Revenue Management Oracle Human Resources & Payroll
Foreign POSITION MANAGEMENT PAYROLL & PENSIONS
TAXATION
CUSTOMS
Local Partners
Support and System Management
Project Sponsor
Visible Executive sponsorship. Regular steering committee meetings
Lessons Learnt
Key Success Factors
Government Commitment to the reform process Clearly defined reform objectives Strategic approach to MIS development Maximising use of external assistance Building stakeholder support Availability of staff and resources Use of best practice project management techniques Pragmatic & realistic timescales