Budgetary & Financial Reconciliation System
The Budgetary & Financial Reconciliation System facilitating the financial management of budgetary organizations was developed with a joint effort of public administration professionals, economists and IT experts. It is an excellent solution for central organizations that face problems when trying to maintain an accurate and true picture of their financial situation, especially at the end of the fiscal year or when the need to reapportion financial resources arises.
Main features
- Easy and transparent planning and tracking of budget
- Real time queries, reliable decision support
- Access management
- Rules and structures complying with state budget procedures
- Customized solution in line with institutional needs
- Short customization and introduction period
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Financial module
This module provides users with the core functionalities. When used on its own, the financial activities of budgetary procedures can be viewed by several users concurrently, and several organizations may have editing rights. The module contains the most important query options and reports as well as the possibility to define roles and competences in the functions within the module.
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Document management module
This module can be used to attach, store and retrieve documents produced within the scope of financial reconciliation; these can be ordered also by type (memo, coverage confirmation, contract etc.).
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Planning module
It is an indispensable tool for the exact identification and flexible planning of the budget. When plans are made, the system offers the possibility of considering data previously recorded in the system.
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Rights management
Flexible authorisation levels ensure safe use of the system. Setting of authorization levels involve a wide range from viewing through design to countersigning. The user can access only the areas and data that he is authorised to use.
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Reconciliation module
The Reconciliation Module is the engine of the reconciliation automatism of the system, which provides for the (counter)signing process and logging of financial operations in compliance with the statutory provisions and maintains the audit trail of administrative documents in the course of pre-defined or individual administrative procedures. This module is responsible for the automated display of staff tasks as well.
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PKI module
This module using public-key infrastructure enables the use of authenticated, statutorily accepted electronic signatures in the course of the reconciliation process.