Financial Accounting & Budgeting System (FABS)
It facilitates automated input and output of budget for Finance Division, Provincial Finance Departments and Controller-General Accounts (CGA) organizations. This is aimed at automation and integration of budgeting data, payments, recording of revenue, compilation and integration of country-wide accounting information for executive decision-making.
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New Accounting Model implemented in pubic sector accounting. |
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Budgeting and all payments are processed through the system. |
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Largest public sector SAP payroll system involving 1.835 million employees, pension archiving and payment facilitation. |
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Country networking map – integrated Government Financial Management Information System (GFMIS) with decision-support system. |
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System capable of generating national accounts in 15-20 minutes besides management and exception reports. |
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Transparency – Government’s reliable financial data is now accessible at all levels. |
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Automated bill tracking system to ensure speedy payments. |
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Federal budget of the last 10 years uploaded in the system for financial analysis and long-term decision-making. |