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Increased confidence in Matís' financial supervision of foreign projects

Service Category:

Biotechnology

"Finances are an important part of Matís' research projects, and not least we feel their importance when it comes to Matís' foreign projects, which are constantly growing," says Guðlaug Þóra Marinósdóttir, Matís' office manager.

"This is an aspect that concerns those who finance and support the projects, our project partners and Matís staff who manage these projects. Of course, our researchers monitor the financial aspects of the projects, but it can be said that our role is to ensure that they can first and foremost dedicate themselves to their expertise and scientific work, "says Guðlaug Þóra. She says that good management of project finances is one of the keys to building trust with partners and sponsors "and the experience is that we are increasingly entrusted with the financial management of projects. The financial management of them varies according to the nature and scope of the projects, but in many large projects the financial management is entirely in our hands. This means that we monitor the projects from the conclusion of the contract until the end, make sure that payments are received by us so that it is possible to pay partners as stipulated in the agreements and thus ensure the efficient progress of the projects, "says Guðlaug Þóra and mentions Amylomics, EcoFishMan, NordChar and the SAFE Consortium as examples of large-scale foreign projects on the staff tables.

Guðlaug Þóra mentions that Matís is in good cooperation with the National Audit Office, which is responsible for auditing Matís' annual accounts. "We want things to be in order and we have been working systematically on improvements lately. years of our accounting processes and procedures for internal control, in collaboration with the National Audit Office. In general, we feel a great deal of trust in Matís abroad in terms of financial management, and the much-discussed bank collapse in this country has not had an effect in this respect. We felt the effects of the first year after the collapse of the banks, but the only effect we find today is the amount of paperwork involved in opening new bank accounts in connection with new projects.

A large part of our foreign income comes from funds belonging to the 7th Framework Program of the European Union and the Nordic Funds, but our partners in these projects are companies and institutions located in the Nordic countries and other European countries, and we therefore need to do banking in many countries. in different currencies. Our goal at Matís is to deliver good work in all areas, both in terms of the scientific aspect and project management, including in terms of finances, as they are very important in the project work after all.
comes to everything, "says Guðlaug Þóra.

For further information Guðlaug Þóra.

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