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

In a move that underlines Ajman’s commitment to leveraging cutting-edge technology for advancing government financial operations, the Department of Finance in Ajman, under the leadership of His Excellency Marwan Ahmed Al Ali, launched a cloud-based financial planning system using the Oracle platform at GITEX Global 2024. This initiative is a vital part of the department’s strategic drive to enable government agencies in Ajman to manage their budgets more efficiently and in line with global best practices, while also enhancing the emirate’s digital transformation journey.

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.

During the launch, His Excellency Al Ali emphasized that the project is aligned with the Department’s broader strategic approach, which involves the adoption of the latest technological solutions to advance financial operations across the emirate. He noted that the cloud-based financial system is an essential component of the department's efforts to improve forecasting, prepare for future economic scenarios, and ensure close collaboration between government agencies.

A System with Far-Reaching Impacts