The Finance Shared Services (FSS) division of the NSSO is scheduled to begin operations in early 2022.
When fully operational, the NSSO will be the key provider of financial processing activities for central government.
Initially 11 Civil Service organisations will begin using Finance Shared Services. Over the next three years some 50 client organisations will be on-boarded in groups or waves at a time.
The activities to be carried out by the FSS division of the NSSO will include; accounts payable and receivable, cash management, general ledger and Financial Management System (FMS) management and support.
The deployment of a common Financial Management solution for central government will drive standardisation and will be a key enabler of reporting reform and accrual accounting. The NSSO will work closely with the Department of Public Expenditure & Reform in this regard.