TURBOARD | Turn Data Into Value

TURBOARD Transforms Financial Reporting and Budget Analysis for Turkey’s Largest Municipality, Empowering 43K Employees to Serve 16M Residents.

Istanbul Metropolitan Municipality (IMM) is the principal authority overseeing the administration of Istanbul, Turkey's most populous city and economic hub. Established in 1984, IMM manages a wide array of services, including transportation, infrastructure, environmental management, and cultural initiatives, to enhance the quality of life for over 16 million residents.

With a commitment to innovation and efficiency, IMM continually seeks advanced solutions to meet the evolving needs of its diverse population.

IMM required a dependable and efficient system for generating comprehensive budget and financial reports. Some of the existing processes were time-consuming and lacked the flexibility needed to adapt to the municipality's dynamic financial landscape.

The Real Estate Branch Directorate at the municipality needed a solution to streamline reporting, ensure accuracy, and provide real-time insights. This was critical due to the management of large real estate assets and complex financial transactions.

Recognizing the success of a previous project implemented by TURBOARD at the Presidency of Strategy and Budget, IMM approached TURBOARD for a solution to streamline their budget reporting processes. The collaboration was formalized in November 2019, through a direct procurement by the State Supply Office (DMO in Turkish), ensuring a swift and efficient implementation process.

TURBOARD delivered a customized solution that seamlessly integrates with IMM's existing systems, particularly their Real Estate Information System (“EBİS” in Turkish) which is developed by Universal Software and used by all employees of the Real Estate Branch Directorate and the Real Estate Management Department.

Using TURBOARD, the Real Estate Branch Directorate and the Real Estate Management Department at IMM gained the ability to generate critical financial reports that improved their operational efficiency and decision-making. These reports include:

Revenue and Expenditure Analysis for Inventory, Advertising, and Real Estate, enabling the monitoring of key income-generating assets and operations, such as advertising revenues and real estate income.
Collection and Accrual Reports, offering a detailed view of cash flow by tracking collected versus accrued funds.
Projections for Income, Expenditure, and Legal Compliance, supporting financial planning, resource allocation, and tracking the legal status of real estate assets to ensure timely resolution of compliance issues.
Detailed Budget Allocation Reports, providing insights into budget distribution across municipal operations to ensure efficient resource utilization and alignment with strategic goals.