Preparation of technical and functional requirements for project accounting software

Preparation of technical and functional requirements for project accounting softwareThe Government of Azerbaijan (GOA) has applied for a multitranche financing facility (MFF) from the Asian Development Bank (ADB) for the purposes of financing the Power Distribution Enhancement Investment Program (the Program). Azerishiq OJSC (Azerishiq) is the executing agency of the Program. A multi-tranche financing facility (MFF) is proposed for the Investment Program, which will benefit 1.45 million customers, of which 60% are residential customers. Azerishiq recruited a consulting firm of Project Supervision and Management Consultants (the Supervisor) which is also responsible to undertake financial management of Project-related activities, including establishing a management information system, assistance in accounting and preparation of project financial statements, arrangements for external audits, as well as the review of all costs and contractor(s) invoices and making recommendations to the PMU for payment based on contract(s) and progress of works; and issuance of payments certificates. In this regard, the Supervisor wanted procure an adequate Financial Management Information System (FMIS), and would like to hire the consultant (the Consultant) to supply a suitable accounting software, customization, installation, user manuals and training to relevant finance staff.

Key project information

  • Country:

    Azerbaijan

  • Financing/Donor:

    Asian Development Bank (ADB)

  • Client/Project Beneficiary:

    Azerishig Power Distribution JSC

  • Project Size:

    Small (<$50k)

  • Contractor type:

    Sub-contractor

  • Contract period:

    January 2017 - March 2017

Assignments delivered by Prima

Arguzo employees are now more empowered; Arguzo also has the benefit of generating reports instantaneously whenever needed. They can now make decisions on the fly based on the latest real time data.

The effort vastly improved the company’s planning and execution functions, created and implemented a new stock policy that accounted for specific SKUs and key variables, streamlined the order preparation process and reduced distribution transport times.

By the numbers, the effort:

  • Reduced lead time by 43%
  • Decreased variability by 50%
  • Lowered the risk of back-order by 95%
  • Increased stock for finished goods by 10%

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