In April 2022 Finance Services was launched with 8 Public Service Bodies. The new central finance accounting system will replace 31 different legacy finance systems, over time, eliminating the need to maintain, support and upgrade multiple different systems, reducing cost and improving security.
Finance Services will provide a centralised, standardised, accounting and finance service on a single technology platform to 48 Government bodies who will be brought on board on a phased basis over the next three to four years. It will consolidate expenditure through the Exchequer and support eInvoicing and eProcurement and the management of supplier data.
Finance Services will support these critical finance and accounting administration for central Government, including:
- accounts payable
- accounts receivable
- fixed assets and asset maintenance
- cash management
- tax management
- general ledger
The implementation will enable the financial reporting reform required to support the move to international accounting standards. In addition, the simplification and standardisation of accounting processes across central Government will strengthen compliance with EU and .international reporting and transparency requirements.
Benefits of Finance Services
The benefits of this central finance accounting system to Government and to the taxpayer are:
- It will replace 31 different legacy finance systems, over time, eliminating the need to maintain, support and upgrade multiple different systems, reducing cost and improving security.
- This single platform will consolidate expenditure through the Exchequer. It will support eInvoicing and eProcurement and the management of supplier data.
- The implementation will enable the financial reporting reform required to support the move to international accounting standards.
- The simplification and standardisation of accounting processes across central Government will strengthen compliance with EU and international reporting and transparency requirements
eInvoicing for Suppliers
The NSSO’s Finance Services Division fully supports the national approach to compliance with the EU Directive (Directive 2014/55/EU) on electronic invoicing in public procurement. The NSSO has been a key contributor to a European Standard on electronic invoicing across Member States.
As part of our implementation of a single Financial Management System for Central Government, the NSSO is partnering with Celtrino, the company appointed to provide the eInvoicing portal for all of Central Government. This partnership enables supplier invoices to be digitally transmitted to Central Government via a real-time interface. eInvoicing offers significant opportunities and benefits for suppliers and the NSSO will liaise with you to support you in using this service. Read more here.
eInvoicing offers significant opportunities and benefits for suppliers and the NSSO will liaise with you to support you in using this service. Read more here.
The NSSO has benefited from EC grant aid, as part of a consortium to foster the uptake of eInvoicing services in Malta, the Italian region of Sicily and Ireland. We would like to thank IT Sligo for the extensive support provided by them in project managing this endeavour.
See more information about becoming a government supplier.
See more information on e-invoicing and PEPPOL, which supports transmission of e-invoices.
An extensive body of training material is available on our knowledge base and will be added to the One Learning catalogue in due course.
The training materials are structured by functional area, and include video simulations and self-led instructions. Access training and support material.
Requests for Refresher Training can be submitted to Customer Support.
System and Support Access
If you are experiencing System or Access issues, please go to the Helpdesk to raise a Service Request.
About Financial Management Shared Services Programme
The Financial Management Shared Services Programme (FMSSP) is a dedicated team within Finance Services, who will lead the migration of new groups of clients to Finance Services. This team is be focussed on change, communications and data migration activities as these clients prepare for the move to Finance Services.
Finance Shared Services went live in April 2022 with an initial eight Public Service Bodies including the Department of Finance, the Office of the Comptroller and Auditor General and the Department of Public Expenditure and Reform. Over 40 additional client organisations will be brought on boarded on a phased basis over the next three to four years.
When fully established, our Finance Shared Services will provide central standardised finance and accounting processing to over 48 Government Departments and Offices. This will future-proof the finance systems of the Civil Service, enabling fiscal and reporting reforms, and strengthening the financial information available to Government to support their decision-making.
If you have a query on the Programme activities please send an email to the team at email@example.com.