• OCEAN SOLUTIONS
  • FOR STATE ADMINISTRATION
  • TREASURY MANAGEMENT for Municipalities & Nonbudget Funds
  • FOR SERVICE SECTOR
  • FOR TRADE
  • FOR PRODUCTION
  • FOR FUND COLLECTING SERVICES
  • CENTRALIZED PAYROLL PROCESSING

Treasury Management for Municipalities and Nonbudget Funds

Ocean Treasury Management is an integral solution supporting budget planning and budget execution in municipalities and nonbudget funds. Ocean ensures that solution is compliant to all legislation  acts and rules governing these areas.

The solution is composed of Ocean’s standard products: Ocean Financial Application Package, Resources Management Package (with Human Resources Management and Fixed Assets Management) as well as modules covering municipality specifics such as Premise Rent Management, Public Spaces Management, Purchase Orders (compliant to Public Supply Legislation Act).


SOLUTION PACKAGES/MODULES

> Ocean Financial Application Package
> Ocean Personnel Register

> Ocean Fixed Assets
>  Ocean Small Tools

FUNCTIONS & FEATURES

Budget planning and execution tracking
Profit/loss, functional, organizational and fund based classification
Budget plan entry and plan change, budget rebalance
Support to budgetary control and fund reservations
Creating and printing of all legislation required reports
   Monthly/quarterly/annual reports on budget, reports on previous periods,
   Reporting on planned, adopted and rebalanced budget, comparison of planned and executed expenditures, grants
Preparation and issuing of financial reports respecting internationally recognized standards.
Prescribed accounting methodology and standards.
Subsystem of Treasury General Ledger, prescribed Treasury Auxiliary ledgers
Centralized payroll/compensation and payout processing   
Premises rent management, Public spaces usage register, Purchase orders (compliant to Public Supply Act).

 

 

 

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