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2nd Seminar of the International Association of Treasury Services - AIST


Washington 14th & 15th October 2008

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Strategy & Implementation approach for Treasury Solutions


Name Bill Bailey Title VP EMEA Treasury Solutions Practice

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

History of Treasury Solution Practice Success


Kazakhstan Treasury Modernisation Project
1999 - 2001 Partner - HP

Government of Ghana BPEMS Project


1999 2005 Partner - HP

Ministry of Finance for BiH Project


2001 2004 Partner - Deloitte Touche

Government of Uganda IFMS Project


2003 2005 Partner - HP

Ministry of Finance for Albania AMoFTS Project


2005 2006 Partner - Intracom IT Services

The Oracle Approach


Oracle has Public Sector Financial Specialists
Engage with world wide fiscal advisors Embrace new best practices and standards Talk government business language Understand fiscal reform policies Advise on fiscal reform processes

Compliance with IPSAS Recommended approach has been defined by World Bank - Oracle sells a solution based on World Bank Recommendations !

Oracle Treasury experience key factors

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

The Road from Strategy to Solution


Strategy
- Parliament: Provides longterm vision & direction

Policy

- MoF/Treasury: Provides/guides the scope & plan of action


- Ministry Line Management: Detailed design & sequence of changes - Solution Provider: Collect, document & validate software requirements against the KBRs & the RFP and involve all above stakeholders

Processes Solution

WB GFMIS Oracle Treasury Solution"


MINISTRY OF FINANCE
FUNCTIONAL PROCESS

The World Bank

TREASURY
CENTRAL BANK DEBT MANAGEMENT ECONOMIC POLICY BUDGET MANAG. CASH MANAG. CENTRAL OFFICE REGIONAL UNITS

GOVT. SPENDING AGENCIES

REVENUE COLLECTION AGENCIES TAXES CUSTOMS

PAYING/ RECEIVING BANKS

AUDIT ORGAN.

MACRO ECONOMIC FORECASTING

Oracle Hyperion Planning


MACRO ECONOMIC FORECASTING

BUDGET PREPARATION

Oracle Hyperion Planning / Public Sector Budgeting


Macro Economic Framework Budget Guidelines AGENCY BUDGET PREPARATION BUDGET PREPARATION Investment Estimate of Borrowing and Public Debt Interest Current Approved Agency Budget Budget Proposals; old & new programs Revenue Estimates

Government Banking Arrangements

Vendors

BUDGET MANAGEMENT ACCOUNTING & FISCAL REPORTING

Oracle FinancialsTREASURY SYSTEM


General Ledger Purchasing Payables BUDGET MANAGEMENT
& FISCAL REPORTING

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

AGENCY BUDGET EXECUTION

CENTRAL BANK (TSA)

C O M M E R C I A L B A N K S

Feedback from Audit

CASH MANAGEMENT DEBT MANAGEMENT REVENUE ADMINISTRATION CIVIL SERVICE MANAGEMENT AUDITING

Oracle Hyperion Planning & Cash Management


CASH MANAGEMENT DEBT MANAGEMENT Domestic

Oracle Treasury & Cash Management Oracle Revenue Management Oracle Human Resources & Payroll
Foreign POSITION MANAGEMENT PAYROLL & PENSIONS

Payment Instructions to Central Bank Tax Payers

TAXATION

CUSTOMS

PERSONNEL MANAGEMENT AUDITING

Oracle BI Reporting, GRC - Governance, Risk and Compliance


Sample Transactions from Government Systems to Auditing

How does Oracle Deliver?


Resources EMEA Treasury Solutions Practice
Experience of 5 successful Treasury Implementations Project Management, Functional Architecture, Technical Architecture, business knowledge

Local Oracle resources if available


Functional and Technical Consulting skills

Local Partners
Support and System Management

Oracle Near and Offshore capability World wide resource pools


Product and Business experts

Oracle Delivery Capability


Key Success Factors
Project Management
Project Planning Risk Management Reviews Regular Health Checks Regular reviews with partners engaged in project Regular Solution Reviews/Updates

Project Sponsor
Visible Executive sponsorship. Regular steering committee meetings

Key stakeholder engagement


Heads of depts. & Key users Government Ministers World Bank Advisors External consultants procurement advisors etc.

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

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EMEA Treasury Solutions Practice Mission statement


Our mission is; To deliver an integrated Financial Solution to National and Regional Treasuries in a way that provides accountability, and the ability to exercise financial controls. To provide the customer resources with the knowledge and experience from previous successful implementations.

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