Modernization of computing Clause Samples
Modernization of computing. A contract (FAST) in the sum of € 487 900 was concluded by the Centre on 20 December 2001. Work to the value of € 390 320 was carried out in 2002, necessitating a fresh commitment of € 97 580 in 2003, since the appropriations initially put in place had lapsed. In March 2003 the new FAST application was installed on a trial basis. It appears at this stage to be meeting the Centre’s budget management and operational management requirements. However, a judgement on the accounting aspects of FAST will not be possible until after closure of the 2003 accounts. It is to be noted that the Centre also prepaid some € 78 000 to cover a rider extending the FAST application to include the requirements of PRIMS–CDE, which is to reimburse this amount. Modernization of the accounting software is essential in order to improve the efficiency of the Centre’s financial management.
Modernization of computing. The new accounting and budgeting software (FAST) has been in service, on a trial basis, since March 2003. This multi-user software, based on new technologies, provides optimum budget monitoring and control. However, before the new accounting software can be validated, a few tests and improvements are still required. These are mainly in areas associated with closure of the annual accounts, which could not be tested before the end of 2003. The main improvements brought about by FAST that can be confirmed at this stage are: - better monitoring of operations, from their approval by the Director through to closure; - the feature enabling the internal auditor to grant or withhold approval online; - improved monitoring of invoices and credit notes.