Annual report

54
Annual Report 
2022

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maintaining costing systems and reporting tools, 
and providing high-quality financial information 
and analysis that supports both management 
decision-making and reporting to stakeholders, 
including the IFRC’s governance and donors.
The IFRC provides organization-wide leadership 
in the budgeting, financial management report-
ing and donor reporting processes, including 
development and maintenance of budgeting and 
reporting tools that enable high-quality financial 
information and analysis to support governance 
and senior management decision-making, in 
the efficient management of IFRC’s financial 
resources in accordance with the organization’s 
policies, processes and procedures.
In addition, senior management and other lead-
ers are regularly provided with analysis, guidance, 
and advice regarding budgets, overall financial 
performance, and financial risk management.
In 2022, the IFRC supported the implementation 
of the operating budget alongside preparing 
the 2022–2024 budget for approval by the IFRC 
General Assembly in June 2022, including changes 
to the organization’s cost-recovery mechanism.
Treasury and payment services
Treasury and payment services provide direc-
tion in the provision of treasury management 
and payment services. IFRC’s central treasury 
leads the provision of all Headquarters-based 
payments and cash transfers, ensuring financial 
control, financial systems and business pro-
cesses, risk management, treasury management 
and training, and provides expert advice and 
support to colleagues and partners.
The IFRC gives advice on banking, compliance, 
and risk-management matters, as they pertain 
to treasury National Society development. The 
advisory role extends to National Societies on 
matters relating to treasury, with the aim of advis-
ing and assisting in strengthening their capacities. 
Senior management and governance receive 
regular advice and support from the unit, 
which also oversees regulatory compliance as it 
pertains to banking and is the finance technical 
lead on transactions into sanctioned countries.
In 2022, the IFRC provided efficient treasury ser-
vices ensuring transfers to National Societies are 
processed from Headquarters within 24 hours 
upon receipt of the approved payment requests 
and facilitated the dissemination of treasury 
advice and information-sharing between 
National Societies. 
Finance processes and systems
The IFRC establishes, develops, implements, and 
maintains systems and processes including the
move to an Enterprise Resource Planning system 
to support financial management and controller-
ship, risk management and internal controls, and 
financial reporting. The IFRC’s global Business 
Intelligence and Data Warehousing functions for 
the IFRC are also managed, including coordinat-
ing with other internal partners.
The IFRC works with internal and external part-
ners to enhance, develop and maintain financial 
processes and systems. It is involved in develop-
ing training material for onboarding users and 
supporting users across the global IFRC and 
resolving any system issues that arise.
Its work drives process efficiencies and enables 
better information for driving productivity and 
accountability across the network, to the benefit 
of National Societies, who receive faster and 
more cost-effective services.
In 2022, the APPLE accounting system was 
deployed to most field offices, systematizing 
the organization’s accounts payable controls 
and invoice processing, an important step 
towards the deployment of the new ERP system, 
Microsoft Dynamics 365. 
Meeting and conference services
Expertise and guidance are provided, as well as 
direct support, for all events taking place at the 
IFRC Headquarters. 
Services provided can range from hotel bookings, 
visa issuing, venue management and hosting 
at Headquarters, catering, flights, as well as 
translation and interpretation services. These