Ministry of Finance, Republic of Namibia Achieves Real-Time, Interdepartmental Reporting with Financial Management System Upgrade

The Ministry of Finance, Republic of Namibia, upgraded to Oracle E-Business Suite Release 12.1 to deploy the latest Oracle Financials modules, including General Ledger, Accounts Payable, Accounts Receivable, Cash Management, Fixed Asset and Purchasing.The Ministry had standardized software applications for financial management across the government of Namibia to deliver consistent centralized budget management, expenditure control, and consolidated reporting and reconciliation.