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FOR IMMEDIATE RELEASE
West Indies Management completes UN Treasury
Review
West Indies Management s.r.o., in collaboration with
Enterplan Ltd., has completed a review of Global Treasury Operations
for the United Nations.
1 June 2006 –
West
Indies Management s.r.o. have recently taken part in an
assignment at the United Nations to undertake a review of their
global Treasury operations. The review took place during
February, March and April, 2006, with the final report accepted
in May. The approach was to provide a core team, which operated
throughout the review period, made up of personnel from
Enterplan and West Indies Management.
The
components were Strategy, IT Systems, Risk, Cash Management and
HR & Organisation.
The
review took place world-wide with information and perspectives
being taken from New York, Vienna, Geneva, Pristina, Nairobi and
Bangkok.
The
Review took place against the context of the Report of the
Secretary-General –
Investing in the United Nations: for a stronger Organization
Worldwide (7 March 2006),
which inter alia
makes the following key points:
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Management systems are not adequate,
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ICT systems are fragmented,
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There is a need to look at options for service delivery,
relocation and outsourcing (inc. payables, receivables
and payroll),
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Implement
a Risk Management framework,
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Establish
a Change Management office,
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Address Interest and Exchange Rate issues,
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Need for enhanced Performance Evaluation, and
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Deliver consolidated financial performance data
promptly.
An additional aspect of the review was the benchmarking and
assessment
of best or alternative practice made with comparable
organizations - such as UNICEF and World Bank. The assessment
and demonstration at UNICEF of their integrated ERP and Treasury
system provided by SAP
showed
benefits to accounting processes, improved and up-to-date
provision of data for Traders, separation of duties between
Traders and Back-Office, reduction in numbers of accounts. The
program devised for the team by the World Bank involved
discussions with the Deputy Treasurer and Director, the Head of
IT and IT Operations, the Director of the Risk and Analytics and
the Director of the Investment Management department.
For More Information Contact:
Enterplan Ltd.
http://www.enterplan.co.uk
West Indies Management s.r.o.
U Lužického semináře 28
118 00 Praha 1 - Malá Strana
Tel/Fax: +420 257 530 768
Email: info@westindiesmgmt.com
Internet: www.westindiesmgmt.com
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