TGF Fiscal Agent Nigeria
The Fiscal Agent (FA) provided a broad range of financial management services to the clients in implementing the activities funded by the Global Fund. The arrangement covered:
- Two Principal Recipient (“PRs”) – National Malaria Elimination Program (“NMEP”) and National Agency for Control of Aids (“NACA”),
- the supply Chain Consultancy Company (“SCCC”),
- the Country Coordination Mechanism grant (“CCM grant”), and
- the selection of Sub-Recipients (“Selected SRs”).
The FA shall work with the clients to ensure that all requests to commit funds and/or to make payments as part of the grant implementation are carried out correctly. In this capacity, the FA shall diligently oversee, discharge and perform all services necessary to ensure that all financial management activities are conducted in strict compliance with the principles, rules, and procedures set out by The Global Fund and local Government. The clients work throughout provinces and Sub-Recipients, which are national and international NGOs.
GFA B.I.S. Services
GFA B.I.S. was commissioned by GFA Consulting Group to provide IT consulting and implementation services to PRs and SRs that range from the implementation of new financial management systems, a review and optimization of the existing accounting systems through to ensuring the business continuity of the client. GFA B.I.S. consultants typically assume role of a solution architect to ensure that the solution design meets both the clients’ and donors’ requirements, and subsequently support and manage the implementation of the selected solution. Some of the examples include implementation of a new ERP system based on Microsoft Dynamics NAV, an optimization of SAGE Evolution, implementation of a cloud based system for based on QuickBooks Enterprise or an upgrade of an SAP ECC 6.0.
GFA B.I.S. consultants also implemented B.I.S. Fund Reporting solution as a controlling and reconciliation system at the Fiscal Agent to facilitate automated financial reporting and to provide assurance to the Fiscal Agent that the PR reporting has been done in line with The Global Fund requirements. In addition, GFA B.I.S. carried out periodic data validation services for the Fiduciary Agent.