Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Philippine Bureau of the Treasury Boosts Digitalisation with Debt and Cash Management Systems

The Bureau of the Treasury (BTr) is implementing its National Government Collection and Disbursement System that now allows Authorised Government Depository Banks (AGDBs) to upload online daily and monthly collection reports to its electronic database. According to a report, BTr explained that the system will also expedite the consolidation of reports and the process of issuing Certificates of Deposited National Collections to national government (NG) agencies. This online system underwent development last year and was launched in May 2021. The Finance Secretary, Carlos Dominguez III, had ordered all agencies attached to the Department of Finance (DOF) to implement their respective digital transformation programmes long before the pandemic.

In March 2020, BTr put in place its Client Relationship Management (CRM) System for the National Registry of Scripless Securities (NRoSS), which serves as a portal where NRoSS participants can raise a ticket to report issues, concerns, and queries related to the NRoSS System. It enables BTr to promptly address NRoSS-related queries and monitor the progress of each ticket, perform an analysis of data logged in the system, and provide feedback.

BTr also allows online payments for NRoSS tokens/maintenance fees that enable users to pay through auto-debit arrangements with their banks. This year, BTr launched the Online Fidelity Bonding System to allow the electronic submission and processing of fidelity bonding requirements, and e-payments through the LinkBiz portal of the Land Bank of the Philippines (LandBank). The Treasury also has an online Records Management System and Legal Information Archive to facilitate its legal documentation and investigation functions.

Its other digitalisation projects include upgrades to the NRoSS, which modernised the existing auction and registry platforms and is capable of performing core functionalities including the full management of primary market activities; the electronic registry centralisation and settlement of government securities; the tax-tracking of secondary market trades; and the facilitation of securities transfers for trade and non-trade transactions. In line with its financial inclusion initiatives, BTr has also allowed the online submission of retail treasury bond (RTB) orders, along with the online ordering of government securities, which has benefited small investors.

Government Securities Eligible Dealers (GSEDs) may now submit their retail bond switch orders through the NRoSS. Previously, GSEDs were required to fax or mail documentary requirements, which were then manually encoded by the Securities Origination Division into the NRoSS. Small retail investors, meanwhile, can purchase government securities through the BTr Online Ordering Platform for LandBank, the Development Bank of the Philippines (DBP), and the First Metro Securities Brokerage Corp. (FMSBC) account holders and the Bonds. Ph mobile app and the Overseas Filipino Bank (OFBank) app.

To simplify the monitoring and recording of the non-financial assets of the NG, the BTr has set up the National Asset Registry System (NARS), which maintains a comprehensive list of all strategically important assets such as land, buildings, roads, bridges, irrigation systems, and dams. This system will facilitate better management of these assets including the provision of necessary insurance measures, BTr stated. The organisation has also put in place its Project Monitoring Information System (PROMIS) that enables the monitoring of ongoing projects at each stage of procurement and implementation.

This system will automatically log milestones, updates, and activities, and alert the management for any possible delay. Its online Treasury Single Account Reporting and Monitoring System (eTRAMS), which was developed in partnership with the LandBank, aims to monitor revenue collections and disbursements of the NG, while the BTr mobile application was designed as a centralised platform so users can understand the functions of the Bureau, learn about the different types of government securities, and easily access online ordering platforms and other investment channels.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com