Presidential Decree No. 1138 dated December 6, 2016 Strategic Roadmap: effective organization of formation maintenance management and integration of state information systems and resources necessitates creation of centralized Government Cloud (G-cloud). Large-scale project combines cost reduction in public administration and improving coordination between government agencies by efficiently organizing integration of government information systems and resources into single platform. Presidential Decree No. 718 dated June 3, 2019: implementation Government Cloud project ensure operation of government information systems deployment of their infrastructure development of standards reduce cost of establishing and maintaining information systems. Joint measures with Special State Security Service ensure physical security and cyber security of Government Cloud comprehensively security protection of cloud infrastructure. Government bodies able to reduce costs associated with IT infrastructure. Cloud technology enable more efficient use of resources ensuring IT infrastructure management from single platform based on pooling principle. Global experience shows governments switched to Government Cloud save significantly on IT costs. New data centers adapted to current global standards: international certification TIER III of Uptime Institute, ISO-20000 standards for provision and management of IT services, ISO 27001 standards for information security. Equipment managed on N+1 basis. Use spare equipment ensure continuity of service when preventive maintenance work carried out on any equipment or event of technical failure. Correct reliable organization information technology management ensure level of stability of 99.982% in all cases. Architecture developed by Ministry of Digital Development and Transport

Ministry of Digital Development and Transport

Established 1999 SOFAZ Azerbaijan’s sovereign wealth fund aims efficiently manage and safeguard nation’s oil and gas revenue for present and future generations. In 2013 faced growing complexities in managing portfolio and assets legacy system could no longer meet expanding needs. System’s inability accommodate new asset classes introduced since 2012 became pressing concern rapid asset growth exacerbated operational challenges data management issues. Embarked on thorough research of available portfolio management and accounting systems. Primary objective streamline operations achieve maximum process automation enhance efficiency in handling substantial data volumes. SimCorp’s front-to-back solution reduced complexity facilitated data flow between various financial systems data sources service providers. Level of integration combined with system’s flexibility allowed customization to meet SOFAZ’s unique needs preferences. Portfolio management system offered wide range features: portfolio analysis, cash management, performance measurement, pre-trade and post-trade investment compliance monitoring and integration with risk management system. Capabilities allowed analyze monitor portfolios ensuring strict compliance with rules regulations while optimizing investments. Selection of integrated solution and automation objectives facilitated seamless portfolio transformation to support SOFAZ’s exponential 60% growth in AuM since 2015 emphasizing crucial role of innovation and efficiency in asset management. AuM: USD 45 bn

SOFAZ / SimCorp
This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.