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

2nd Seminar of the International Association of Treasury Services - AIST. Washington 14th & 15th October 2008. Strategy & Implementation approach for Treasury Solutions. Name Bill Bailey Title VP EMEA Treasury Solutions Practice. Agenda. Introduction

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

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  1. 2nd Seminar of the International Association of Treasury Services - AIST Washington 14th & 15th October 2008

  2. Strategy & Implementation approach for Treasury Solutions Name Bill Bailey Title VP EMEA Treasury Solutions Practice

  3. 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 Oracledeliver ? Lessons Learnt Critical Success Factors

  4. 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

  5. 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

  6. 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 !

  7. 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 BudgetReform Program • Clear, agreed and documented KBRs • Critical that Change Management is addressed as an integral part of the program

  8. 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

  9. The Road from Strategy to Solution Strategy Policy Processes Solution - Parliament: Provides long-term vision & direction - 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

  10. WB GFMIS – Oracle “Treasury Solution" The World Bank AUDIT ORGAN. MINISTRY OF FINANCE REVENUE COLLECTION TREASURY AGENCIES GOVT. PAYING/ FUNCTIONAL CENTRAL DEBT BUDGET SPENDING RECEIVING PROCESS ECONOMIC CASH CENTRAL REGIONAL BANK TAXES CUSTOMS MANAGEMENT MANAG. AGENCIES BANKS POLICY MANAG. OFFICE UNITS Budget Oracle Hyperion Planning Guidelines MACRO ECONOMIC FORECASTING MACRO ECONOMIC FORECASTING Budget Proposals; old & new programs Oracle Hyperion Planning / Public Sector Budgeting Macro Economic Framework Investment Current Revenue Estimates AGENCY Government BUDGET Banking Arrangements PREPARATION Approved Agency Budget BUDGET PREPARATION BUDGET PREPARATION Vendors Estimate Oracle Financials General Ledger Cash Management Purchasing Receivables Payables Public Sector Budgeting / OPSFI of CENTRAL Borrowing TREASURY SYSTEM Report on Payments AGENCY C BANK and & Receipts to TSA BUDGET O BUDGET MANAGEMENT ACCOUNTING &FISCAL REPORTING (TSA) Public M EXECUTION M Debt E Interest R Feedback C I from A Audit L Ac.Receiv. Ac. Payable BUDGET MANAGEMENT CASH Cash Forecasts; Allocations B & FISCAL REPORTING MANAGEMENT Treasury General Ledger A N Reports K Payment Instructions Oracle Hyperion Planning & Cash Management on S CASH MANAGEMENT to Central Bank Revenue Receipts Oracle Treasury & Cash Management DEBT MANAGEMENT DEBT MANAGEMENT Tax Payers Domestic Foreign Oracle Revenue Management REVENUE ADMINISTRATION TAXATION CUSTOMS Oracle Human Resources & Payroll CIVIL SERVICE MANAGEMENT POSITION PAYROLL & PERSONNEL AUDITING MANAGEMENT PENSIONS MANAGEMENT Sample Transactions from Government Systems to Auditing Oracle BI Reporting, GRC - Governance, Risk and Compliance AUDITING

  11. How does OracleDeliver? • 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

  12. 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.

  13. Lessons LearntKey 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 practiceproject management techniques Pragmatic & realistic timescales

  14. <Insert Picture Here> 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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