Financial Management

New commercial accounting control systems from T-Systems for public administration increase transparency while reducing costs.
In view of their limited funds, authorities are under more pressure than ever to reduce costs. An integrated financial management system from T-Systems permits automated money transfer, transparent cost and performance accounting and strategic controlling with management information – with unified processes at every location.
Commercial control systems with double-entry bookkeeping make the actual costs of administrative procedures transparent. For example, the times taken to handle procedures can be included in costing individual services and different authorities can be compared. Every action can be assessed for its future effects – for medium to long-term control.
Controlling with Management Information
With an integrated budgeting and accounting system from T-Systems, authorities can keep an eye on their costs. And keep them in hand. Because they can immediately recognize less efficient processes and initiate specific countermeasures. With benefits for their own performance and effectiveness. And benefits for citizens and the economy.

Tags: accounting, controlling, cost accounting, double-entry bookkeeping, financial management, management information systems, performance accounting