Linking up the Community for greater productivity

Background

The Treasury Accounting Financial Information System (TAFIS) is an integrated, robust and user-friendly IT-based financial application solution for The Ministry of Finance, Brunei Darussalam.

Key Capabilities

Working closely with the Treasury Department of the Ministry of Finance, BAG Networks designed and implemented on the following applications:

• General Ledger
• Payables
• Receivables
• Budgeting/Commitment Control and Reporting
• Assets Management
• Inventory Management
• Purchasing
• Financial Services

Features

• Online real-time capabilities including browser-based user interface with workflows embedded into business processes.
• Real-time approval of transactions with adequate security, preventing fraud and loss of monetary assets.
• On-demand query and reporting.

Benefits

• Elimination of "one size fits all" archaic business process.
• Increased confidence of data accuracy as data is entered and corrected at source.
• Elimination of duplicate data, thus releasing resource from validation tasks and reentering of data. Single source data integrity and eliminate reconciliation.
• Informed decision made as there is instant availability and timeliness of data.
• Shorten the approval and payment cycles.
• Increased accountability and responsibility of the services.