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2nd Seminar of the International Association of Treasury Services - AISTWashington 14th & 15th October 2008
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Strategy & Implementation approach for Treasury SolutionsName Bill BaileyTitle VP EMEA Treasury Solutions Practice
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 Oracle deliver ?• Lessons Learnt• Critical Success Factors
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
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
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 !
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 Budget Reform Program
• Clear, agreed and documented KBRs• Critical that Change Management is addressed as an
integral part of the program
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
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
WB GFMIS – Oracle “Treasury Solution"
TREASURY SYSTEM
FUNCTIONALPROCESS
CENTRALBANK
DEBTMANAGEMENT
BUDGETMANAG.
CASHMANAG.
GOVT.SPENDINGAGENCIES
REVENUE COLLECTIONAGENCIES PAYING/
RECEIVINGBANKSTAXES CUSTOMS
BUDGET PREPARATION
BUDGET MANAGEMENT& FISCAL REPORTING
Ac.Receiv. Ac. Payable
Treasury General Ledger
AGENCYBUDGET
EXECUTION
DEBT MANAGEMENT
POSITIONMANAGEMENT
PAYROLL &PENSIONS
PERSONNELMANAGEMENT
TAXATION
AGENCYBUDGET
PREPARATION
CUSTOMS
Domestic Foreign
Investment Current
CASHMANAGEMENT
AUDITINGSample Transactions from Government Systems to Auditing
BudgetGuidelines
Cash Forecasts; Allocations
COMMERCIAL
BANKS
Estimateof
Borrowing and
Public Debt
Interest
Macro Economic Framework
Budget Proposals;old & new programs
AUDITORGAN.
Revenue Estimates
Approved Agency Budget
CENTRALBANK(TSA)
Payment Instructionsto Central Bank
Report on Payments& Receipts to TSA
Reports on
RevenueReceipts
CENTRALOFFICE
REGIONALUNITS
ECONOMICPOLICY
TREASURYMINISTRY OF FINANCE
GovernmentBanking Arrangements
Feedbackfrom
Audit
Vendors
TaxPayers
MACRO ECONOMIC FORECASTINGMACROMACRO
ECONOMIC ECONOMIC FORECASTINGFORECASTING
BUDGET BUDGET PREPARATIONPREPARATION
BUDGET BUDGET MANAGEMENT MANAGEMENT ACCOUNTING ACCOUNTING
&&FISCAL FISCAL
REPORTINGREPORTING
CASH CASH MANAGEMENTMANAGEMENT
DEBT DEBT MANAGEMENTMANAGEMENT
REVENUE REVENUE ADMINISTRATIONADMINISTRATION
CIVIL SERVICE CIVIL SERVICE MANAGEMENTMANAGEMENT
AUDITINGAUDITING
Oracle Hyperion Oracle Hyperion Planning & Cash ManagementPlanning & Cash ManagementOracle Hyperion Oracle Hyperion Planning & Cash ManagementPlanning & Cash Management
Oracle Hyperion Oracle Hyperion PlanningPlanningOracle Hyperion Oracle Hyperion PlanningPlanning
Oracle Hyperion Oracle Hyperion Planning / Public Sector BudgetingPlanning / Public Sector BudgetingOracle Hyperion Oracle Hyperion Planning / Public Sector BudgetingPlanning / Public Sector Budgeting
Oracle FinancialsOracle FinancialsGeneral LedgerGeneral Ledger Cash ManagementCash ManagementPurchasingPurchasing ReceivablesReceivablesPayablesPayables Public Sector Budgeting / OPSFIPublic Sector Budgeting / OPSFI
Oracle FinancialsOracle FinancialsGeneral LedgerGeneral Ledger Cash ManagementCash ManagementPurchasingPurchasing ReceivablesReceivablesPayablesPayables Public Sector Budgeting / OPSFIPublic Sector Budgeting / OPSFI
Oracle BI Reporting, GRC - Governance, Risk and Oracle BI Reporting, GRC - Governance, Risk and ComplianceComplianceOracle BI Reporting, GRC - Governance, Risk and Oracle BI Reporting, GRC - Governance, Risk and ComplianceCompliance
Oracle Oracle Human Resources & PayrollHuman Resources & PayrollOracle Oracle Human Resources & PayrollHuman Resources & Payroll
Oracle Treasury & Cash ManagementOracle Treasury & Cash ManagementOracle Treasury & Cash ManagementOracle Treasury & Cash Management
Oracle Oracle Revenue Revenue ManagementManagementOracle Oracle Revenue Revenue ManagementManagement
The World Bank
How does Oracle Deliver?
• 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
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.
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 practice project management techniques• Pragmatic & realistic timescales
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“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.
EMEA Treasury Solutions Practice Mission statement
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