Quidgest solutions’ follows International Accounting Standards for Public Administration

Quidgest is now finishing a new Financial Management solution specifically created to meet the new Accounting Normalization System for Public Administration (SNC-AP) demands. This solution will be ready to use on the scheduled dates, to entry into force of this new system, avoiding any disruption in the entities operation impacted by the system. This new solution will allow not only the company clients a quick transition to the new system. This quick transition happens due to Quidgest team’s flexibility, deep knowledge of the business sector and experience in specific solutions development for Portuguese Public Administration.

Based on the experience and knowledge already achieved in this area the company will proceed with the implementation of the Accounting Normalization System for Public Administration. In 2016, the system is only going to be implemented in pilot entities. The system is only scheduled to enter into force on January 1st, 2017. Until then the company goal is to prepare and to follow the new accounting structure adoption such as all the Budgetary, Accrual and Management accounting rules of the Accounting Normalization System for Public Administration.

Quidgest currently holds a huge experience when it comes to Financial Management solutions for Public Administration matters. Successfully, the company already implemented the SINGAP POC-P (Official Plan of Public Accounting) in national reference public entities such as National Laboratory of Civil Engineering (LNEC), Parliament, Portuguese Institute for Quality and Hydrographic Institute. Besides, it is already implemented the SINGAP POC-E (Plan of Public Accounting for the Education sector) in academic customers and more recently was implemented the Accounting Normalization System in entities with administrative and financial autonomy.

The transition from the SINGAP POP-P Financial Management system to the Accounting Normalization system in some clients was made by Quidgest. The Accounting Normalization System for Public Administration will lead to the implementation of a new accounting framework. This new accounting framework will provide a homogeneous range of information about the operation of the various Public Administration services.

“Quidgest model application development gives our clients a competitive advantage by its flexibility and faster adjustment to regulatory and service to costumers’ requirements. This is also the result of the solution customization facility that Genio technology allows. The management systems developed by Quidgest can be implemented in a modular way that meets the entities needs”, says João Paulo Carvalho, Quidgest Senior Partner.