Financial Sector Stability Program in Azerbaijan: Final Report

The system is composed of several major modules, including interfaces and responsibilities, CMS modules, and external functions. The CMS interfaces with various systems, including the CBA Data Warehouse, Accounting/General Ledger System, Equipment Control System, Cash Processing Information System, and Commercial Banks & Couriers System. These interfaces enable the CMS to provide updates on cash operations, access cost and summary data for management reporting and demand forecasting, and facilitate the selection of cash to be moved from vaults. The CMS modules include Cash Administration, which provides information and decision-making tools for efficient management of cash operations. The Cash Administration module includes Pre-Load and Post-Load Planning, Order Entry, and Custody Team Assignment. The system also includes Inventory Auditing, which allows auditing personnel to request specific cash loads from the vault for Cycle Count Management and other audits of container and pallet contents. The CMS provides real-time visibility of cash assigned to custody teams within the CBA operations and defines the responsibility for cash at all times in all locations. Performance Monitoring by CMS provides real-time visibility of the performance of personnel in the cash operations and compares current performance to past performance and established standards. The system also includes a Video Surveillance Monitoring and Auditing system, which records video camera images of work being done in the cash operations. The CMS must have the capability to provide a time log, playback of video images, and display of video images on a monitor. The implementation of the CMS is expected to improve the efficiency and security of cash operations at the Central Bank of Azerbaijan. The system will provide real-time visibility of cash movements, enable accurate tracking of cash inventory, and enhance the security of cash storage and transportation. The CMS will be implemented in several phases, with the first phase focusing on the development of the system's major modules. The second phase will involve the integration of the system with existing systems and the testing of the system's functionality. The third phase will involve the deployment of the system in the cash operations and the training of personnel on the system's use. The implementation of the CMS is expected to be completed within a period of 12 months, with the system being fully operational by the end of the project. The project will be managed by a project team, which will be responsible for the development, testing, and deployment of the system. The CMS will be maintained and supported by a team of technical staff, who will be responsible for ensuring the system's continued operation and functionality. The system will be regularly updated to ensure that it remains compatible with changing business requirements and technological advancements.