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Presentation on the Corporate Financial Management Solution

On the 9th August 2017, the Ministry for Finance and the Treasury, in collaboration with MITA, launched a presentation workshop to introduce the Grant Thornton Malta - Unit 4 Consortium who shall be responsible for implementing the new ERP solution, Business World.

Following introductory speeches by the Accountant General, Ms Paulanne Mamo and the Director for Government Accounts, Mr Michael Zammit Munro representatives from the Grant Thornton Malta – Unit 4 Consortium gave presentations about the implementation methodology that would be applied within the chosen pilot sites. This was followed by a Business World presentation and demo.

The workshop was very well attended by key officials from Ministries and Departments chosen as pilot sites. It is planned that the core functionality of the CFMS will go live in these sites within 18 months from contract signing date.

The new Solution will support accrual-based core financial applications and will also eventually integrate and introduce other applications and services such as e-Government and e-Invoicing, that will be of benefit to citizens and businesses alike.  It will replace the existing main cash-based corporate application which has been in use for several years - the Departmental Accounting System (DAS) – and which runs across all Ministries and Departments.

This implementation will also benefit from ERDF funds under the CONvErGE Project, and the Ministry for Finance stands to benefit circa €10.7 million from these funds.


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CONTACT INFORMATION:
 
Contact Name
Treasury Department
Development House
Level 2 and 3
St. Anne Street
Floriana FRN9010
 
Telephone
(+356) 2596 7100
(+356) 2596 7157
(+356) 2596 7179
 
Fax
(+356) 2596 7203
 
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