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.
