The Ministry of Finance Singapore
100 High Street #06-03 The Treasury,
Singapore, 179434,
Singapore
Singapore, 179434,
Singapore
65 6332-7435
Government
The Ministry of Finance Singapore Technographics
The Ministry of Finance Singapore Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by The Ministry of Finance Singapore and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 4000 The Ministry of Finance Singapore employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that The Ministry of Finance Singapore has purchased the following applications: Workday Financial Management for ERP Financial in 2019, Workday HCM for Core HR in 2019, Microsoft 365 for Collaboration in 2019 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems The Ministry of Finance Singapore is running and its propensity to invest more and deepen its relationship with Workday , Microsoft , Progress Software or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing The Ministry of Finance Singapore revenues, which have grown to $1.00 billion in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for The Ministry of Finance Singapore intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
The Ministry of Finance Singapore Tech Stack and Enterprise Applications
The Ministry of Finance Singapore ERP Financial Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Workday | Legacy | Workday Financial Management | ERP Financial | ERP Financial Management | n/a | 2019 | 2019 |
In 2019, the Ministry of Finance Singapore implemented Workday Financial Management as its core ERP Financial application to centralize government accounting and project finance workflows. The deployment targeted whole of government coordination, with a first phase delivering Workday Financial Management for six government agencies within one year and program oversight spanning coordination across approximately 64 government agencies.
The implementation encompassed functional modules for project accounting, project budgeting, finance security management, business assets, leases, procurement, accounts payable, and financial budgets, with explicit design work on finance data structure and finance data migration. Workday Financial Management configurations included security model design and recurring payment capabilities, and the program executed standard application lifecycle activities such as requirements gathering, design, testing, data migration, security configuration, training, and deployment.
Data and system integrations focused on large scale supplier and billing interfaces, including an agile data transformation approach for whole of government supplier records exceeding 100,000 entries, which reduced development cycle time from 20 days to 3 days and produced stated cost savings exceeding $20,000. The program implemented an automated billing interface between multiple corporations and the Ministries central payment system to automate high volume payments, which was reported to yield more than $10,000 in annual cost savings as more corporate partners onboard.
Governance and rollout were driven by finance leadership within the Accountant General’s Department, coordinating deliverables across data migration, functional design, and deployment tracks and serving as finance lead and co lead for multiple solution streams. Change management and training targeted more than 100 finance users, producing documented adoption of over 1,000 recurring payment transactions in year one, and the recurring payment feature was reported to deliver annual manpower savings of more than $40,000. Project leadership also directed multiple improvement initiatives across more than 12 Ministry finance departments to harmonize finance processes and security management.
|
The Ministry of Finance Singapore HCM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Workday | Legacy | Workday HCM | Core HR | HCM | n/a | 2019 | 2019 |
In 2019, the Ministry of Finance Singapore implemented Workday HCM as its Core HR platform. The Workday HCM deployment was provisioned within a Statutory Board Cloud HR shared services model referenced as VITAL, designed to centralize administrative Human Resource services across multiple client government agencies.
The implementation configures Core HR capabilities to support end to end personnel transactions and workforce administration. Configured functional areas in Workday HCM include HR Operations, Learning administration, Recruitment Operations, Timekeeping, Sponsorship management, recruitment processing, pre service appointments, in service appointments, compensation and benefits administration, leave management, scholarships and sponsorships administration, onboarding, exit administration, and issuance of official correspondence and training agreements.
Operational coverage uses Workday HCM to process personnel records for new hires, re employed officers, staff movements within and across agencies, and officers leaving service, with main user roles including HR Operations, Learning Partner, Recruitment Operations, Timekeeper, and Sponsorship Partner. The environment supports HR Shared Services activity in Singapore, with documented activity from September 2020 to present for the VITAL service, and it handles candidate follow up and onboarding facilitation as part of the operational scope.
Governance and workflow controls are enforced through standard operating procedures and stipulated service standards, with all HR transactions verified and approved by Supervisors in Workday HCM before triggering payments. The operational model includes periodic record reviews and archiving, timely response to customer enquiries, and collaborative workflows between management, client government agencies, and hires to coordinate approvals and meet service deadlines.
|
The Ministry of Finance Singapore Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Microsoft | Legacy | Microsoft 365 | Collaboration | Collaboration | n/a | 2019 | 2019 |
In 2019, The Ministry of Finance Singapore implemented Microsoft 365 to provide enterprise Collaboration across the ministry. Microsoft 365 is used on the ministry website and functions as the cloud-hosted Collaboration platform for internal and externally surfaced productivity capabilities.
Deployment encompassed core Collaboration modules, including Exchange Online for email, SharePoint Online for intranet and document management, OneDrive for Business for personal file storage, Microsoft Teams for real-time collaboration, and Office Online for browser-based document editing. The Microsoft 365 tenant was provisioned to support approximately 4000 employees, with centralized administration for user lifecycle and license management.
Operational architecture uses Azure Active Directory for identity and access management to unify authentication and access across the public website and Microsoft 365 services. Governance was organized around tenant-level policy enforcement, role-based administrative separation, and information protection controls consistent with government data handling expectations. The implementation centralized Collaboration for business functions across finance, policy, and corporate services while exposing Microsoft 365 capabilities through the ministry website.
|
The Ministry of Finance Singapore Content Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
|
|
|
Web Content Management | Content Management |
|
2018 | 2018 |
|
The Ministry of Finance Singapore CRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
|
|
|
CRM | CRM |
|
2015 | 2015 |
|
|
|
|
|
Customer Experience | CRM |
|
2019 | 2019 |
|
|
|
|
|
Customer Experience | CRM |
|
2020 | 2020 |
|
|
|
|
|
Data Management Platform | CRM |
|
2018 | 2018 |
|
|
|
|
|
Marketing Analytics | CRM |
|
2019 | 2019 |
|
|
|
|
|
Marketing Automation | CRM |
|
2018 | 2018 |
|
|
|
|
|
Marketing Automation | CRM |
|
2020 | 2020 |
|
|
|
|
|
Marketing Automation | CRM |
|
2021 | 2021 |
|
|
|
|
|
Tag Management | CRM |
|
2020 | 2020 |
|
The Ministry of Finance Singapore PaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
|
|
|
Transactional Email | PaaS |
|
2018 | 2018 |
|
The Ministry of Finance Singapore IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
|
|
|
Application Hosting and Computing Services | IaaS |
|
2021 | 2021 |
|
|
|
|
|
Application Hosting and Computing Services | IaaS |
|
2019 | 2019 |
|
|
|
|
|
Application Hosting and Computing Services | IaaS |
|
2020 | 2020 |
|
|
|
|
|
Content Delivery Network | IaaS |
|
2018 | 2018 |
|
|
|
|
|
Content Delivery Network | IaaS |
|
2018 | 2018 |
|
|
|
|
|
Content Delivery Network | IaaS |
|
2020 | 2020 |
|
IT Decision Makers and Key Stakeholders at The Ministry of Finance Singapore
| First Name | Last Name | Title | Function | Department | Phone | |
|---|---|---|---|---|---|---|
| No data found | ||||||
Apps Being Evaluated by The Ministry of Finance Singapore Executives
APPS RUN THE WORLD tracks software evaluation trends across 2 million companies worldwide, including buyer insights from The Ministry of Finance Singapore IT executives and key decision makers. As part of ARTW Buyer Intent and technographics insights, these findings provide useful visibility into the The Ministry of Finance Singapore digital transformation priorities and AI adoption trends.
| Date | Company | Status | Vendor | Product | Category | Market |
|---|---|---|---|---|---|---|
| No data found | ||||||
FAQ - APPS RUN THE WORLD The Ministry of Finance Singapore Technographics
The Ministry of Finance Singapore is a Government organization based in Singapore,
with around 4000 employees and annual revenues of $1.00 billion.
The Ministry of Finance Singapore operates a diverse technology stack with applications such as
Workday Financial Management, Workday HCM and Microsoft 365,
covering areas like ERP Financial, Core HR and Collaboration.
The Ministry of Finance Singapore has invested in cloud applications and AI-driven platforms to optimize efficiency and growth,
collaborating with vendors such as Workday and Microsoft.
The Ministry of Finance Singapore recently adopted applications including
Salesforce Marketing Cloud in 2021, Google Cloud Platform (GCP) in 2021 and Adobe Experience Cloud in 2020,
highlighting its ongoing modernization strategy.
APPS RUN THE WORLD maintains an up-to-date database of The Ministry of Finance Singapore’s key decision makers and IT executives,
available to Premium subscribers.
Our research team continuously updates The Ministry of Finance Singapore’s profile with verified software purchases,
vendor relationships, and digital initiatives identified from public and proprietary sources.
Subscribe to APPS RUN THE WORLD to access the complete The Ministry of Finance Singapore technographics profile,
including detailed breakdowns by category, vendor, and IT decision makers.