Ministry of Finance of the Republic of Lithuania

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  • Problems

  • Solution

  • Results

  • Client testimonials

PROBLEMS

  • Billing and accounting were performed manually
  • A need for improved transparency and accountability
  • A need to improve the quality of general-purpose financial reporting by public-sector entities

SOLUTION

  • Implemented the Financial Management and Accounting System, as well as the State Budget Accounting and Payment System
  • Integration with other systems
  • Operates in accordance with international public-sector accounting standards at a countrywide level

Tasks performed:

  • Allows management of cash flow in the public sector
  • Control of budget and finances during planning and execution
  • Provides relevant and reliable information about finances for all parties that participate in decision-making

Technologies:

  • Microsoft Dynamics NAV
  • Microsoft Dynamics AX

RESULTS

  • Easier way to plan and control the state budget
  • Accurate and reliable everyday transactions for the state treasury
  • Effective, reliable and centralised budget planning, financial management and accounting

CLIENT TESTIMONIALS

Alna fulfilled all obligations on time with regard to setting up and maintaining the public-sector accounting and consolidation system. The services provided and the results met all our expectations and were in line with technical specifications, and we are really pleased with the quality.

Diana SeredokaitÄ—, Head of the IT department, Ministry of Finance of the Republic of Lithuania
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