The Mak Financial System (Mak-FMS) that has been developed by DICTS was launched yesterday. (Mak-FMS) will enable the Makerere Finance Directorate and individual user units to efficiently manage their budgets.

These are excerpts posted by Mak News Editor in the Makerere University News Page:

At a ceremony where the Chairperson of the Finance, Planning, Administration and Investment Committee of the University Council -Mr. @BruceKabaasa was the Chief Guest earlier today, the Mak Financial Management System was commissioned.

The in-house developed system was designed to automate some of the financial processes leading to generation of requisitions and vouchers within the university cost centres.

The University Bursar Mr. Evarist Bainomugisha appreciated the Council, Management and the developers -

@DICTSMakerere for making this happen. He said that the system will enable the cost centres to manage their own budgets unlike the public system, IFMIS which consolidates unit budgets as a whole.

The University Secretary Mr. Yusuf Kiranda appreciated the commitment of university council's strategy of digitizing all university processes for improving efficiency, performance and transparency.

The Ag. DVC Prof. Henry Alinaitwe appreciated the developers @DICTSMakerere, Management and Council support towards the implementation of the system for the benefit of efficiency in service delivery. The Vice Chancellor @ProfNawangwe acknowledged the strides made in accordance with the digital strategy outlined in his program of action: 'Unlocking the Potential of @Makerere'. He called upon staff to serve diligently. He said that having launched the system, there shall be no reason for audit delays at the close of a financial year. @ProfNawangwe: We are a small community privileged to serve our country. We are expected to be efficient in service delivery.

The Chief Guest Mr. @BruceKabaasa appreciated the efforts towards digitization agenda championed by the University Council. He thanked the key players: @DICTSMakerere and the Directorate of Finance for the development of the system. Mr.

@BruceKabaasa called on University Management to review the current Financial Management Manual. He said that there have been many changes in financial management since the manual was approved. He said that the university require a robust financial management framework that is decentralised, incorporates grants management, appreciates timelines and timely communicates the availability of resources to the beneficiaries.