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Abu Dhabi / WAM
The Department of Finance (DoF) has announced that the percentage of all local government entities who have implemented the ‘Abu Dhabi ERP System’ amounted to 93% by the end of January 2018. DoF has also integrated the VAT scheme onto the system, to unify VAT processes across federal entities.
As part of the announcement, DoF revealed further details regarding the updates and developments it has introduced to the ADERP system, such as Performance-based Budgeting system, the Project Planning and Budgeting System, and Position Based Budgeting & Control. Since its launch, the smart ADERP system has helped transform the ability of the Department and other government entities to meet the requirements of the Emirate’s financial policy commitments.
The ADERP system works to build an integrated financial system and a unified financial framework both preparing and implementing the general budget. It also provides the entities using it with 22 systems whose functions range from managing internal and public accounts, to preparing consolidated financial statements and reports with full integration of subsystems such as budgeting, accounts, cash management, human resources, government assets, payroll and procurement, as well as tenders management.