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Project Summary

Treasury Information Management System - TIMS

TIMS is a software system that supports Central Treasury business areas and responsibilities, including:

- Budget authority and commitment and expenditure management with a view to ensuring that budgetary limits are observed at all times;

- Cash management including improved cash flow forecasting;

- Foreign and domestic debt management;

- Revenue management;

- Procurement management and centralized disbursement system;

- Single treasury account implementation and an integrated Chart of Accounts in compliance with GFS, from the IMF, and IPSAS, from IFAC; and, Fiscal and financial reporting with a view to enhancing transparency and improving management by providing users and auditors with needed information.

TIMS Highlights:

- Allow cash basis and accrual accounting;

- Compliance with IPSAS;

- Chart of Account for internal and external reporting needs (i.e. GFS compliant);

- Centralized disbursement system;

- Data warehousing for planning, analysis and reporting;

- Data exchange facility with external Government bodies (i.e. Ministry of Tax, Customs, Chamber of Accounts, Social Funds, National Bank, etc.)

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