The Department of Finance (DoF) Abu Dhabi has announced that it has updated the Abu Dhabi ERP System with VAT handling, to unify VAT processes across federal entities.
DoF also announced that the roll out of the ADERP, the Abu Dhabi government's centralised ERP, has now reached 93% of all local government entities.
The system has recently been updated with other new capabilities, including Performance-based Budgeting system, the Project Planning and Budgeting System, and Position Based Budgeting & Control.
The new features help improve control, transparency and accountability in government spending, improve the efficiency of operations, and improve the management and utilization of financial and human resources. The project-based features allow for better management of budgets for capital and operational projects.
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.
HE Riyad Abdulrahman Al Mubarak, Chairman of DoF, said: "The ADERP system has been a pioneering project for the Department which has enhanced its ability to assess assets, liabilities, costs and set expenditure controls, as well as support accountability processes and ensure transparency in public spending. Since its implementation, the system has helped us switch from a cash based to accrual based accounting, in line with global best practice, and in the formulation of the Treasury Single Account (TSA), which plays a key role in enhancing the efficiency of government financial operations.
"The System contributes to raising the efficiency of government work, consolidating the financial systems of government entities, enabling the Department to better implement budget controls on government spending. It also reduces the cost of investment in the various electronic financial systems previously employed by various bodies within the government by taking advantage of a common structure," Al Mubarak added.