Contingent Liability Approval and Reporting

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Contingent Liability Approval and Reporting

An efficient process to capture, monitor and report on contingent liabilities entered by the agency.

Benefits

  • Supports the Secretary in ensuring the financial sustainability of the agency by providing a review point for major commitments before the commitment is authorised.
  • Allows commitments to be tracked continuously to support appropriate management decision-making about further future commitments.
  • The use of delegate workflow means that decisions can be directed to and undertaken by appropriate officials in the department.
  • Simple and effective reporting means relevant information can be accessed on a real-time basis – anytime.

Applications can be lodged and then undergo a number of stages of workflow review and certification. As the applicant begins entering information, the application form adapts based on the information supplied, ensuring that only the appropriate information is requested, maintaining ease of entry and simplicity.

Once the applicant has submitted the application, the system manages the workflow steps through SES review and certification and Delegate review and authorisation. All steps are accompanied by customisable emails so that all relevant users are kept up to date throughout the process.

All actions on the Forward Year Commitment application are logged, providing authorised users with a complete history of the application’s path through the process.

Reports

Comprehensive reports are available for Future Year Commitments applications and contingent liabilities, including budgetary, summary and detail reports.

Reports can be filtered by a number of relevant criteria, and exported to Excel or PDF.