TREASURY (PRIME) REPORTING
Streamlining Treasury (Prime) Reporting for Government Agencies
The Challenge
Government agencies face complex monthly financial reporting to Treasury via Prime. This process typically requires significant manual intervention from FP&A teams, risking reporting inconsistencies and inefficient use of valuable resources. The Capital Planning process in particular required manual interventions and was targeted for automation.
Our Solution
Leveraging years of NSW government experience, data integration expertise and IP creation Decision Inc. has developed integrations to support Capital Planning processes for reporting to Treasury that:
- Automate large portions of input schedule adjustments
- Automatically populate required schedules for accurate data flow directly into Prime
- Reduce manual adjustments to a focused subset of strategic agency decisions
Key Benefits
- Data Integrity: Full retention of transaction data and adjustment history
- Enhanced Accuracy: Improved reporting consistency between Agencies and Treasury
- Strategic Focus: Enables high-value FP&A staff to concentrate on critical strategic issues
- Efficiency: Eradicating manual work by FP&A staff loading and verifying Prime adjustments
Wider Government Application:
Our solution is designed for broad adoption across government agencies:
- Leverages understanding of Treasury business processes
- Provides flexible Model and Schedule adjustments
- Can support alternate organisational hierarchies
- Utilises automated finance data integration
While each agency has unique program and funding adjustment needs, our solution addresses commonalities in business processes and Treasury requirements for Capital Planning, with the ability to accommodate agency-specific nuances.
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