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Department

Finance Office

Owner

Tea Trahov Rectorate Director for Administration Office Human Resources Office Offices/Units Director for Administration, Head of Human Resource Office Contacts

Manager

Madis Margus Finance Office Offices/Units Chief Financial Officer Contacts

The main processes

Accounting services
Procurement services
Financial Management

Goals
Processes
Projects
Risks

More information in TalTech intranet

Accounting services

Financial Management

Procurement services

RAK 45 Development and implementation of new financial regulations (completed)

RAK 52 User-centered financial management services ( ALPHA sync) (completed)

Risk 21Credit risk regarding the receipt of income from students and clients.

Risk 22Complexity and lack of operational efficiency of the procurement process will endanger meeting the deadlines of research projects, cooperation agreements and internal development projects and may affect the income from the projects/contracts.

Risk 23The total risk of small procurements, which, if not hedged, may cause additional damage claims, violations or injunctions to the university.

Risk 24Risks of earmarked funding recoveries related to procurement ineligibility. Reclaims related to procurements generally arise when it is considered that the procurements for the purchases that were the basis of the targeted financing were not properly executed - this is also the case when new requirements are implemented retroactively.

Risk 31The general decrease in purchasing power resulting from external price shock (sudden increase in costs forces to stop investments and developments or optimize on a larger scale).

Regulations

Rectorate Strategy Office is responsible for the SMART environment:

katlin.paju@taltech.ee

Tallinn University of Technology