|30 April, 2020

MoF marks several accomplishments for its financial systems during work from home period

The achievement underscores the systems' readiness to provide digital and electronic solutions to improve customer service and reaffirms the ministry's excellence in government financial work.

MoF marks several accomplishments for its financial systems during work from home period

As part of its ongoing efforts to facilitate procedures and transactions for federal entities, and to present them in accordance with the highest standards of quality and efficiency, the Ministry of Finance (MoF) recorded several accomplishments in federal financial systems during the work from home period. The achievement underscores the systems’ readiness to provide digital and electronic solutions to improve customer service and reaffirms the ministry's excellence in government financial work.

H.E. Mariam Al Amiri, Undersecretary, Financial Management Sector, indicated that the ministry had taken several proactive steps to modernise its financial systems by employing modern technology and FinTech applications to serve government entities. This is in line with the UAE Vision 2021 and the UAE mGovernment Initiative.

H.E. said: “Despite the unprecedented situation that we are witnessing today due to the coronavirus pandemic, the Ministry of Finance has maintained continuity of work., We have succeeded in maintaining our operations with full efficiency. The ministry provided all of its services remotely through its smart application and website, in order to ensure that the development process in the country is not hampered, while preserving the health and safety of our communities."

The achievements with regards to financial systems were in payment of federal government salaries on time, by working remotely and without any challenges. MoF also continued to provide technical support to users of the federal financial system through its various communication channels and implemented the segregation of duties draft for federal financial system users while ensuring business processes are in place. The plan also ensures, the completion of all federal financial system projects as per approved plans and timelines.

The initiative eliminates paper-based procedures altogether, providing innovative solutions that ease the work from home period. Specialists at the ministry are handling all support requests via video meetings and training sessions for federal financial system users. Additionally, MoF has automated the purchasing cycle until payments are made to relevant parties during this period. It has also launched an experimental integration between federal financial system, as well as the upgraded e-dirham system.

The electronic financial systems enable users to complete all tasks and projects related to the work of federal entities digitally, in addition to providing technical support to customers, individuals, companies and government agencies. All electronic systems have worked successfully, with no difficulties recorded, especially with the HR Management System for Federal Government ‘Bayanati.’

-Ends-

For more information, please contact:
Mary Khamasmieh
Weber Shandwick
M:  +971 50 2731 753
E: mkhamasmieh@webershandwick.com 

Rawad Khattar
Weber Shandwic
M: +971 56 336 2131
E: RKhattar@webershandwick.com  

Evita Karam
Weber Shandwick
M:  +971 50 412 0310
E: EKaram@webershandwick.com 

Send us your press releases to pressrelease.zawya@refinitiv.com 


© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases