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Ministry of Finance of Estonia

An executive body

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About

Estonian Ministry of Finance is an executive body whose mission is to develop and implement effective public finance policies and ensure country's macroeconomic stability and economic development.

The challenges:
The challenges:
  • Planning and budgeting was taking too long
  • It becomes increasingly difficult to coordinate a large number of people involved in the planning process
  • There is no established methodology applied in the planning process
  • Laying data, reporting and tracking the budget versions requires a lot of time
  • A big number of human errors
  • IT department engagement is required daily
The solution:
The solution:

Alna Government Finance consolidation module is based on SAP Business Planning and Consolidation and designed to accelerate the processes of planning and consolidated financial reporting.

The outcome:
The outcome:
  • A unified system for preparing, managing and  implementing plans, budgets and forecasts.
  • The system connects more than 200 public sector institutions.
  • An automated consolidation process that helps ensure compliance with legal and accountability requirements
  • Audit trail for total transparency
  • Quick and accurate business analytics and reporting.
  • Reduced duration of the budget planning process, increased the efficiency of planning.
  • Preparation of standard and flexible ad-hoc reports, monitoring of the fulfillment of target (predictive)
  • Performance indicators and identification of deviations at the level of the general consolidated state budget
  • The system supports budget formation based on cash and accrual accounting principles.

Client testimonial

This SAP BPC-based solution helps the Estonian Ministry of Finance to budget, plan and manage the state budget. We recommend „Alna Business Solutions“ as a trusted provider of state-of-the-art government IT solutions.

Andres Paris

IT expert at Ministry of Finance of Estonia

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