What is the object of the project?

The object of the project is the procurement, development, installation, configuration and operation of an integrated Information System (IS) that will focus on the core of its functions, the proper recording and management of the financial transactions of Public Debt Management Agency (PDMA) throughout the entire life cycle, from their preparation and planning, execution, settlement, completion, the continuous calculation of the financial risk that is also involved, up to the accounting and cash servicing of the debt. It will also have the ability to present, produce reports or export the above data, practically supporting the decision-making process.

What are the purpose and objectives of the Contract?

Following the weaknesses recorded above and in order to respond to the need to modernise its operation, PDMA plans to implement the present Project.

With the implementation of this project the operating entity aims to:

• Improve procedures and increase the degree of automation of the Agency’s operational units.
• Minimise and immediately detect errors.
• Improve communication and information sharing between business units.
• Efficient management of business information to support all users (functional area managers and senior management) in making tactical and strategic decisions respectively.
• Real-time assessment and monitoring of financial risks.
• Effective use of operational resources.
• Interconnection and interoperability of the ERP with accounting and enterprise resource planning (ERP) systems, real time market data, etc.
• Ability to interface with additional systems such as auctions, the SWIFT system of the banking market, electronic document management systems, etc.

What are the expected benefits of the project?

The implementation of the project will lead to a number of benefits and possibilities, such as:

• The possibility of optimal management of the Agency’s information
• The ability to execute significantly higher volumes of transactions
• The ability to electronically manage the data related to its transactions
• Speed, efficiency and transparency
• Improving cybersecurity and business continuity capabilities
• The possibility of using its data directly in the decision-making process.