The BFT Budgetary Control solution from BFT Holding, which is part of the Rostelecom group of companies, automates the activities of internal state (municipal) financial control bodies and is part of a unified public finance management system at the level of a constituent entity or a municipality. Its analytical functionality allows managers to quickly make high-quality management decisions. Thanks to the latest update, the solution has become more flexible, it can be easily customized to the specifics of the control activity of a particular client – a region or a municipality.
Since January 1, 2020, monitoring the quality of financial management of the chief administrators of budget funds at all levels of management has become mandatory. The main task set by the Russian Ministry of Finance is to minimize violations of budget legislation. Responsibilities for control are assigned to structural divisions of state authorities and local self-government. At the federal level, control is exercised by the Federal Treasury, and at the regional and local level – by the state / municipal financial control bodies of the constituent entities of Russia and municipalities, for example, the department of financial and budgetary supervision.
Control over the financial activities of state institutions has become especially relevant for those executive authorities that have a wide network of subordinate institutions. The BFT-Budgetary Control system, developed by BFT-Holding, makes it possible to improve this process. The solution automates the activities of internal state (municipal) financial control bodies. It combines in one space the modules for planning, preparing and carrying out control measures (checks and revisions), generating results, as well as monitoring the elimination of violations and generating reports. With the latest update, the BFT-holding team presented a new interface and made the solution more flexible. Now clients can easily customize it to suit their own specific control activities.
With the help of the extended flexible filtering in the system, employees can control the process by the monitored funds, by the period of control activities and departmental affiliation. When selecting objects of control, a record of the results of previous inspections and audits is also kept. In addition, the latest update to the solution provides cross-agency professionals with easy-to-use tools to plan the required collaborative monitoring activities.
To distribute and plan the load during inspections, the BFT-Holding team also implemented a customizable production calendar in the system, accounting for employee vacations and the ability to reserve labor costs for unscheduled inspections. For ease of perception, specialists can visualize this data in the form of a widget. For example, a staff assignment schedule can be displayed using a Gantt chart.
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“The main task of the solution is to identify any violations in time and suppress inappropriate expenses, thus preventing possible financial risks. Automation of the process of obtaining the necessary information and the unification of all involved institutions in one field allows you to optimize control activities, eliminating duplication of checks and facilitating the work of specialists, “- said Natalia Zeytenidi, First Deputy General Director of the BFT Group of Companies.
The system “BFT. Budgetary Control” is registered in the “Register of Domestic Software”. When implementing the solution, BFT-Holding specialists ensure seamless interaction with ACC line systems for planning and budget execution, procurement management, as well as the Unified Information System in the field of procurement. Interaction and integration of all information systems developed by the BFT-Holding team takes place within the framework of the digital transformation of public administration.