Ajman Finance" Launches the system "Assets" To enhance the efficiency of government asset management and financial sustainability

Ajman, 7 May / WAM / The Department of Finance in Ajman launched the “Mawjoat” system, the integrated smart digital platform for managing government assets, which is considered one of the latest technical solutions designed to raise the efficiency of government resource management and achieve the highest levels of transparency and sustainability in performance and institutional work.

This initiative is consistent with the department’s strategic objectives aimed at enabling government agencies to raise the efficiency of managing physical and digital assets, in an effort to enhance financial sustainability, improve the quality of government services, and achieve the highest levels of efficiency and governance.

This launch came as part of a workshop held by the department at the Ajman Saray Hotel with the aim of introducing the relevant cadres in government agencies in the emirate to the new system, in preparation for its actual implementation and enhancing the readiness of its users. The workshop provided an overview of the system and trained users on its working mechanism, in addition to explaining asset management and technical support procedures, and discussing observations and challenges.

The development of the “Mawjoat” system reflects the department’s orientations towards building a smart and flexible financial system based on reducing administrative complexities and adopting innovative digital solutions that allow operations to be completed quickly, accurately and transparently, in addition to supporting decision-making based on studied data.

The new system provides a unified digital platform to comprehensively manage the life cycle of government assets, which contributes to reducing reliance on manual interventions, accelerating the completion of operations, in addition to reducing human procedures and errors through process automation, in line with the goals of zeroing out bureaucracy, and reflects positively on improving the user experience of government agencies.

The system also features advanced analytical capabilities that enable decision makers to access accurate and updated data in real time, which leads to improving the efficiency of decisions, ensuring optimal use of assets, reducing waste, and lowering operational costs, which will increase the efficiency of government spending.

In this context, His Excellency Marwan Al Ali, Director General of the Department of Finance in Ajman, confirmed that the system represents a qualitative leap in the management of government assets, as it relies on the latest technologies in the fields of data analysis and artificial intelligence, which enhances the ability to predict future needs and supports making proactive decisions based on data, in line with the directions of Ajman Vision 2030 towards achieving government leadership through innovation and flexibility.

His Excellency explained that the department is focusing at this stage on maximizing the value of government assets by utilizing data to improve the level of their comprehensive vision and achieve the best possible return, adding that the project establishes the principles of good governance and constitutes an essential foundation for unifying asset management standards and integrating their data at the level of government agencies, while ensuring compliance with international best practices, in addition to supporting integration between financial systems in order to achieve streamlined data flow and enhance the reliability and quality of reports.

The launch of the system confirms the keenness of the Department of Finance in Ajman to keep pace with rapid technological developments, to achieve distinguished results and enhance operational efficiency, in a way that supports the process of sustainable economic development and consolidates the emirate’s position as a leading center in advanced financial management.

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