Philippine National Oil Company Tender

Description Introduction Philippine National Oil Company (pnoc) Intends To Procure A Computerized Accounting System (cas) Which Is Compliant To Philippine Financial Reporting Standards (pfrs), Bureau Of Internal Revenue (bir), Government Accounting And Auditing Manual (gaam), Commission On Audit (coa) And Among Others. The System Aims To Streamline Financial Processes, Improve Accuracy, And Eventually Establish A Seamless Link Across The Organization. This Terms Of Reference (tor) Outlines The Scope, Objectives, And Requirements For The Procurement Of Cas. The System Will Be Developed And Customized Based On The Pnoc’s Needs, Leveraging The Following General Modules: A. Accounting (accounting Processes, Such As Journal Entries, Accounts Receivable, And Accounts Payable.) B. Treasury C. Financial Reporting And Analysis D. Budget Utilization E. Fixed Asset Management F. With A Provision To Add Modules Such As Hris, Purchasing, Etc. Objective The Cas Is Designed With The Following Objectives: A. Streamline Financial Operations By Automating Tasks Such As Data Entry, Invoicing, And Transaction Recording. This Automation Ensures That Financial Transactions Are Processed Quickly, Accurately, And Can Be Easily Accessed And Verified. B. Enhance The Accuracy And Timeliness Of Financial And Operational Reports Both For The Use Of Internal And External Stakeholders. C. Ensure Compliance With Financial Regulations And Internal Controls. D. Incorporate Comprehensive Protocols And Procedures To Ensure Smooth Operation. This Includes Establishing Sound Internal Controls To Safeguard Financial Data And Ensure Accurate Reporting. Scope And Requirements: The External Provider Shall Undertake And Commit To Delivering The Required Services Promptly, In Full Accordance With The Following Specifications And Requirements: A. Geographical And Organizational Scope B. General Features C. Cas Customization And Development D. Testing Of The System E. Cas Training F. Warranty Period G. Maintenance And Technical Support