Why SAP?
Hungarian State Treasury
• SAP S/4HANA®, providing real-time processing of transactional data, powerful analytical tools, process coverage and best practices with limited customization, and impressive performance at high peaks • Intuitive inbound and outbound data integration • Support for legal compliance, including technical security • SAP® Services and Support, accelerating implementation and enabling knowledge transfer • Project management expertise of 4iG
<1 day To complete financial approval process
25% Savings in central appropriations accounting workload
Public Sector | Hungary
100% Auditability
Real-time Daily reporting
Reduced Workload for financial accounting users
SAP S/4HANA AnyPremise
Enabling Modern Budget Execution and Increased Transparency Managing an annual budget of €80 billion, Magyar Államkincstár (the Hungarian State Treasury) has a significant role to play in the country’s success. As with all central budget agencies, it assumes tremendous responsibility for state activities, the national economy, and the well- being of the nation’s citizens. To help make its operations even more efficient, the Hungarian State Treasury set out to implement a modern, integrated financial management information system. The right solution would enhance budget management by enabling accurate, timely information for decision-making
Challenges
• Lack of standardization & automation • Complex system landscape & integration. No Single source of truth
• Lack of collaboration & capability to scale • Limited resilience for business processes
Outcomes
• Improved finance operations • Reduced Costs • Manage governance, risk and compliance • Improved decision-making • Expand business networks and collaborations • Reduced Time To Market
Vice President for Public Finance and Payment Services, Magyar Államkincstár - Zsolt Tavaszi “SAP S/4HANA offers a future -proof suite that helps us manage changes in budget execution flexibly and swiftly with minor adjustments.”
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