The Sharjah Finance Department recently organized the first virtual financial forum for the year 2021, in the presence of more than 150 financial officials and employees from government and independent agencies. During the forum, the Department discussed information security, procedures for dealing with the payment of contractors and suppliers dues through a portal, and the linking of collection systems with global portfolios.
Speaking at the forum were Ahmed Al-Kindi, Head of the Supplier Department, Abdul Rahman Al-Yassi, Head of the Contracts Department, Mirra bin Hadda Al-Suwaidi, Head of the Financial Systems and Smart Applications Department, and Muhammad Al-Sayed, a consultant for managing IT systems and projects, in addition to Dana Al-Russian, a payments accountant First, Ali Al-Emadi, an information security consultant.
Developing innovative technologies
His Excellency Waleed Al Sayegh, Director General of the Sharjah Finance Department said, "The Department is keen to continually organize this forum, and we were pleased to be able to host the event virtually for the first time this year. The forum is an opportunity to discuss plenty of topics aimed at continuing to improve financial performance and enhancing the efficiency of financial procedures in government departments. We strive to achieve the highest levels of progress for investment and financial stability within the emirate, using the best techniques and contemporary practices in government financial work systems."
He pointed out that the discussions were important and fruitful, and full of proposals, initiatives and creative and innovative ideas that would contribute to translating the Department's vision of "financial leadership towards globalization". This would be achieved by developing innovative technologies, based on the vision and guidance of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council, Ruler of Sharjah.
Participants in the forum discussed a variety of topics, from those related to managing accounts, to managing financial systems. On the issue of procurement management, it was discussed how best to activate the cycle of automated practices through the supplier portal. On the issue of the Information Security Office, the participants discussed mechanisms explaining the security procedures followed, and the relationship between the SFD and other departments in maintaining information security.
Information security elements
Among the topics discussed were the security procedures followed in the Finance Department and the cooperative relationship between other departments in maintaining the security of information. Additionally, the forum discussed the procedures in place to ensure the preservation of government assets and property from tampering.
The importance of information security awareness was discussed at length, such as the status of password security as the first line of defence, the security of mobile phones and the security of social media, the protection of personal information, the security of remote work, and the protection of children.
The financial forum addressed the importance of confirming updating the supplier and contractor data before dealing with them through the suppliers portal, attaching the contractors' tax invoices and avoiding the repetition of invoices being disbursed in petty advances by reviewing the advance expenses follow-up department.
Advantages of the electronic payment system - Tahseel
The Tahseel system is one of the best electronic payment systems in the region, because of its excellence in a variety of payment methods. The system has also won many Arab and international awards. The financial forum touched upon the advantages of the Tahseel system, which came in line with the vision of the Sharjah government, explaining the advantages of the system that are unique to it such as: payment with the Emirates ID card; the use of mobile payment devices; remote payment services. This is in addition to banking services with partnering banks (such as the automatic refund feature through Sharjah Islamic Bank) and linking with approved global wallets, which are characterized by ease and also protect customers’ funds and commercial transactions.
The SFD is working to achieve a number of strategic objectives, including: managing, developing and providing cash liquidity; developing a performance budget system; implementing integrated and effective financial policies; building a global model in public finance; enabling smart transformation; and implementing seven-star services, in addition to strengthening the internal control system, empowering national human resources through developing a culture of innovation.