Monetary Authority of Singapore Annual Report 2012/2013
Anchor of Economy

As part of our on-going efforts to improve work processes and enhance efficiency within the MAS workplace, we have implemented an integrated Human Resource, Finance and Procurement System - the MAS Employee Resource Integration Tool (MERIT). MERIT was launched in phases from late 2012 to March 2013, integrating Human Resource, Finance and Corporate Services Departments’ key work streams and processes to facilitate greater efficiency and approval controls. By having consistent and real time information more readily available, MERIT also empowered MAS managers with better analysis and decision making capabilities in areas such as purchase approvals, staff resource planning, and in the management of training and career development plans of MAS staff. MERIT also provides staff with day-to-day convenience, such as a onestop self-service portal to carry out a variety of transactions, including viewing and updating personal information, managing training needs, applying leave and submitting claims.

Another example of the MAS-wide initiative to enhance the IT environment and tools for effective collaboration and sharing of information amongst staff is the MAS Integrated Collaborative Environment (MICE). Launched in 2012, MICE is part of MAS’ move towards a “paper-less” environment, leveraging on IT and an enterprise wide information classification exercise to manage our digital information assets. We have also introduced a series of tools and solutions to improve staff productivity, including mobility access to our enterprise IT resources.