English
Budget Information System (RIS) – a digital foundation for public finance management
The Ministry of Finance of the Slovak Republic is a key institution responsible for public finance management, state budget preparation, and the country’s financial stability.
The Budget Information System (RIS) is a central tool supporting budgeting processes across the entire public administration – from ministries and state organizations to local governments. In addition to individual budgetary chapters, the system involves more than 1,000 public administration organizations and over 5,000 local government entities and is used by tens of thousands of users.
Cooperation
PosAm has long-term cooperation with the Ministry of Finance of the Slovak Republic in the development and support of the Budget Information System, one of the most significant IT solutions in the Slovak public sector.
Following success in a public procurement process, PosAm continues to provide application support and further development of the system for the upcoming period.
Challenge
Public finance management requires accurate, up-to-date, and consistent data across the entire public administration.
The key challenge was to ensure long-term:
- unified management of budgeting processes at all levels of public administration,
- high reliability and availability of a system used by thousands of users,
- the ability to respond flexibly to legislative and methodological changes,
- and support for transparent and controllable management of public resources.
Solution
PosAm provides application support and development of the Budget Information System, which covers the entire budgeting cycle – from planning, preparation, and approval of the budget to its execution, monitoring, and evaluation.
The system enables integrated budgeting across all levels of public administration and works with unified data that supports effective decision-making and control of public finances.
RIS is also integrated with other financial and accounting systems of the state and is designed as a flexible and scalable solution that adapts to changing legislative requirements and practical needs.
The solution covers:
- support for budgeting processes in both central government and local authorities,
- integration with key public finance systems,
- processing and consolidation of data across thousands of organizations,
- support for reporting, control, and auditing of public finances.
Value for the client
- A unified view of public finances across the entire public administration.
- Greater transparency and control over financial management through the use of up-to-date data.
- More effective decision-making supported by high-quality and consolidated information
- Simplification and automation of budgeting processes
- Readiness for legislative changes and further system development
Result
The long-term cooperation and continued development of the project confirm that PosAm is a reliable partner delivering innovative software solutions for the public sector and helping to improve the efficiency, transparency, and quality of public finance management.
“The functional and transparent user interface enables budget staff in the organizations to follow and compare various budget versions, adjust and monitor changes made in the budget and offers the chapters a constant overview of the budget limits of their subordinate organizations. During years of our mutual cooperation PosAm has met our expectations and I am very happy to see that our successful cooperation is still running.“
