Starting last Oct. 1, which was the start of the new fiscal year, the CNMI government began rolling out a new financial management
information system, replacing the severely outdated system it has been using that no longer has technical support or any software updates.
Finance Secretary David DLG Atalig said last Friday the implementation of a new system, called Munis, will hopefully speed up business processes. He said the new system allows the government to have fiscal transparency, effective and efficient processes, and helps in getting things done quicker and better.
“So that’s the exciting part,” Atalig said.
And it’s not just the financial management information aspect, Atalig said. They are also looking at a comprehensive Enterprise Resource System that encompasses all kinds of businesses and areas of the government. He said they will be rolling out a piece of software that will help investors and businesses go online to applyi for either a business license or submit corporate documents
He said they will have a comprehensive integrated system where all permitting agencies work together, see the same information and can communicate and expedite projects that need these permits and licenses.
“And most importantly at my end, they can pay the fees online,” he said.
Atalig said there is also a request for proposal for a revenue or tax management information system upgrade.
He said they also have a request for proposal for a CNMI valuation study. He said they want to get an updated study on the valuation of the Commonwealth so they know what’s the true value of the CNMI—not just the value of real estate or real properties but also the economic value of the Northern Islands, Saipan, Tinian, and Rota, as well as their natural resources. He said the value can help stir up economic development and investments.
The U.S. Department of the Interior-Office of Insular Affairs recently awarded Finance $363,736 to come up with a valuation report of the CNMI.