Govt funding starts flowing to agencies in real-time – Strategy – Software

Federal government businesses can now accessibility urgent funding all through organization hrs or on the weekend by way of the New Payments Platform (NPP), ending a decades-old reliance on guide money administration processes.

Just after a two-yr project to provide serious-time settlement to the government, the Office of Finance commenced applying the NPP – which has been out there to economic institutions considering that 2018 – in March.

The department has been performing to modernise cash administration processes by linking up the to the platform considering that acquiring funding in the 2018 funds to generate efficiency advancement across the public

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