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Software infrastructure helps Secretaria do Tesouro Nacional to easily manage accounting and tax Information of the Brazilian public sector

"Having a system that would have less impact for users enabled much higher levels of adhesion. The process is much faster, you no longer need to travel to a particular place, everything is done via the Web."

Leandro Moreira Souto, Project Manager, Centre for Consolidation and Transparency of Public Accounts, National Treasury Secretariat

The National Treasury Secretariat implemented a tax information collection system that uses XBRL technology supplied by Fujitsu, to facilitate analysis and dissemination to the public.

Customer

The National Treasury Secretariat (Secretaria do Tesouro Nacional - STN) is the central federal accounting body and custodian of tax policy of the Brazilian government. Its functions are, among others, to receive accounting and financial information and tax statistics from the subnational entities, then to publish and disseminate it to the public: Municipalities, States, Federal District, and the Union.

Challenge

The National Treasury Secretariat (STN) needed to modernize its system for collecting and disseminating accounting, tax and financial information from subnational entities, which was a slow and bureaucratic process that was previously done through the agencies of the Caixa Econômica Federal bank.

Solution

The STN designed the Accounting and Tax Information System of the Brazilian Public Sector (SICONFI), which simplifies and facilitates the whole process, using the XBRL standard, a specific technology optimized for the exchange of financial data, using software infrastructure supplied by Fujitsu.

Benefit

  • Decreased the time taken to for subnational entities to file their accounts
  • Enabled some information collection processes to be automated
  • Increased the number of declarations filed by subnational entities
  • Facilitated the analysis and dissemination of information
  • Enabled the use of data by different departments