Treasury management is an oversight function of the Bureau of the Treasury (BTr) in conformity with its mandate to manage the financial resources of the Government of the Philippines (GOP). The primary function of treasury management is to establish levels for cash from collections, grants, donations and borrowings so that the government can meet its financial obligations, subsidies and loan repayments on time.
This phase covers the following BTMS modules performed by the Asset Management Service and the Liability Management Service:
- Receipts Management
- Payments Management
- Cash Management
- Fiscal Reporting
The Receipt Management module manages all the processes involved in recording, classifying and managing revenue collections from different sources, including proceeds from investments and borrowings. The major function of receipts management is to ensure correct recording and reporting of Tax and Non-Tax Revenue collections by the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC), other Non-Tax Revenues by BTr, and other receipts from various Authorized Government Servicing Banks (AGSBs).
BTMS will interface with BIR's and BOC's collection systems and the National Collections System.
The Payment Management module manages all the processes involved in recording and processing of fund transfers to banks, such as but not limited to ODA funds, JICA funds, IRA funds and replenishment of MDS accounts. The Fund Transfer Slip or ticket can be created through the system.
The Cash Management module manages all processes that relate to the collection, handling and usage of cash resources. It also covers the processes involved in Debt Management, such as issuance, servicing and repayment of government liabilities. The system maintains a database of all banks and branches and of GOP bank accounts.
BTMS will interface with Debt Management and Financial Analysis System (DMFAS) and electronic Registry of Scriptless Securities (nROSS). With all the abovementioned interfaces, along with the the electronic bank statements and the expanded Treasury Single Account (TSA) with the Bangko Sentral ng Pilipinas, the system automatically performs the daily bank reconciliation for the bureau.
The processes involved in compiling all the financial transactions, generation of accounting reports, periodic financial statements, and other such reports as required for fiscal performance monitoring and management are handled by each module. The system automatically updates ledgers and registries to provide flexible reporting functionality, both the pre-formatted statutory reports and statements and the system format-free reports.