UNDP Supports Government Partners to move to Cloud Accounting and Enhance Financial ManagementDec 23, 2014
The United Nations Development Programme (UNDP) is providing training to government counterparts responsible for implementing UNDP supported programmes to enable them to move to cloud accounting. The training will take place in Adama from 23-25 December 2014.
The training and initial piloting of Peachtree cloud accounting will be for implementing partners in working in the Bureau of Finance and Economic Development in Afar, Somali, SNNPR and Oromia regions as well as federal institutions such as MoFED and Ministry of Environment and Forest.
The move is expected to address most recurring challenges faced by national partners in areas of financial management by allowing UNDP to provide troubleshooting support in real time and with a more simplified process. The decision to migrate to an online process came about following an exercise by UNDP to analysis bottlenecks in the implementation of programmes particularly in relation to financial management and timely reporting.
USD 10, 1000 was allocated to roll out this initiative under UNDP’s Innovation for Development Initiation project. Following a trial test period, UNDP received the go-ahead from MoFED to scale up implementation in four regions and three federal IPs. A second round of users are expected to come onboard in 2015.
The introduction of this online technology also means that UNDP implements its green office commitment by cutting back on travel and associated carbon footprint. UNDP is expected to save at least USD 35,000 in travel and related costs by its Project and Management Support Unit (PMSU) to the regions to help implementing partners solve issues related to the financial management of UNDP supported projects.
UNDP’s PMSU also estimates that it would cut down on time spent by its staff on project finance management by 40%. The simplification of the financial management transaction process that allows for identifying and addressing bottlenecks online also means that UNDP and implementing partners now have more time to focus on monitoring programme results and providing a more strategic and increased capacity development support.
UNDP works with national implementing partners around strategic programmes supporting Ethiopia’s development goals in the areas of climate resilient green growth, democratic governance and capacity development, and economic growth & poverty reduction.
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