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Press Releases / Press News


Mof Organises Workshop On Automated Revenue Matching System At A Federal Level

Dubai, 12 June 2017: The Ministry of Finance (MoF)organised an introductory workshop to the Ministry’s automated revenue matching system for employees from ministries and federal entitiesat the Steigenberger Hotel in Dubai. The system will be provided to all entities linked to the e-Dirham system. The workshop, which was attended by representatives of ministries and federal entitiesas well as a number of officials and directors of the departments in the ministry, aimed to explain the mechanism and technical requirements of the automated revenue matching system and its benefits to entities connected with the e-Dirham. HE Saeed Rashid Al Yateem, Assistant Undersecretary of Resources and Budget Sector at MoFstressed the importance of the automated revenue matching system and its role in enhancing the accuracy of accounting operations. Through daily management of revenue the systemachievesmaximum efficiency, in turn raising the level of customer satisfaction. "The Ministry of Finance aims to implement the automated revenue matching system in order to improve transaction processing systems and enhance the verification of transactions and account balances while ensuring their accuracy and compliance with all applicable laws and regulations." HE said. HE also added: "The revenue matching system provides integrated solutions designed to manage financial systems based on the latest technologiesusing the best security and information protection systems. It is being implemented in many institutions locally and globally, for processing and matching data, providing information required for clearing and settlement, identifying the source and destination of operations and transferring transactions to the relevant authorities, as per the best international standards." The agenda of the introductory workshop held by the Ministry of Finance for the employees of the ministries and federal bodies included an opening speech, followed by a detailed presentation on the automated revenue matching system, and a review of all the technical requirements by its users. The workshop participants also had the opportunity to ask questions, and have them answered by system experts and specialists.

 

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