Ajman Department of Finance Unveils Cloud-Based Financial Planning System Using Oracle at GITEX Global 2024 to Drive Digital Transformation and Enhance Budget Management

The Benefits of Cloud-Based Financial Planning

The new cloud-based system, as outlined by His Excellency Marwan Al Ali, will provide government entities in Ajman with an integrated suite of software tools designed to streamline financial planning, monitor government budgets, and improve decision-making processes. These tools will assist in tracking spending, analyzing performance, and making informed decisions based on real-time, comprehensive data. The system is particularly flexible, allowing for quick budget amendments in response to economic changes and varying needs of different government entities. This will ensure the optimal use of financial resources and support the path to sustainable economic development within Ajman.

A System with Far-Reaching Impacts

Khalifa Al Alili, Director of the Government Budgets Department, also shed light on the various benefits the cloud-based financial planning system will bring to government agencies. He explained that the system links macro and micro-economic indicators to government spending and revenue forecasts, providing a more accurate and efficient method for financial planning.

The system comprises four main subsystems:

Al Alili added that the cloud-based system would improve the accuracy of budget planning, reduce financial risks, and enhance operational efficiency by saving time and effort. It will also enable better insights into financial data, allowing for faster, more informed decision-making. The system promotes collaboration across departments during the planning process and ensures all stakeholders are working towards the same strategic goals.

A New Era for Government Financial Planning

As part of GITEX Global 2024, this project has positioned Ajman as a leader in financial innovation, setting a strong example for other emirates and government entities across the region. By focusing on technology-driven solutions, Ajman continues to pave the way for a smarter, more efficient, and sustainable future.