What is FUK and why is it a legal obligation in the Republic of Serbia?

FUK is mandatory for all users of public funds according to the Budget System Law of the Republic of Serbia. Financial Management and Control (FUK) is a legally required system of internal controls for all users of public funds in the Republic of Serbia. The goal of the FUK process is to ensure lawful, purposeful and efficient use of public funds in accordance with principles of good governance and transparency. The implementation of FUK is monitored and audited by the State Audit Institution (SAI), and its successful implementation is also part of the obligations within the European Union accession process. Failure to implement FUK may result in financial penalties in misdemeanor proceedings, both for the organization and the responsible person.

Why is FUK difficult to manage without software?

• Excel and office tools do not provide traceability
• Documentation is scattered across different computers
• Difficult collaboration on the same document
• SAI audits require systematic documentation
• No single version of data across organizational units
• Difficult to track change history and responsibility for implemented controls
• Changes in base data require manual updates across all working documents
• Preparation of mandatory reports requires manual data collection and verification
• It is almost impossible to maintain a unified backup of all data

What is eFUK?

eFUK is specialized financial management and control software designed for public sector institutions in the Republic of Serbia that are legally required to establish an FUK system. The application enables digital implementation of process maps, risk management and monitoring of internal controls in accordance with the requirements of the State Audit Institution and applicable regulations. It enables complete implementation and monitoring of FUK processes in accordance with legal and professional standards. As a SaaS solution, eFUK does not require installation – it is accessible from any device via the internet and a web browser.

Why is eFUK the right solution for your institution?

• Legal compliance – ensures that every step in the financial management and control process is aligned with regulations and SAI requirements.
• Full digitalization – modernizes and automates key processes, eliminates paperwork and provides centralized insight into all activities and risks.
• Professional support – with eFUK you get not only software but also expert and technical support from our specialists in FUK and public sector financial management.
• Easy access and security – all data is securely stored in the cloud and accessible from any device – anywhere, anytime.

Key functionalities of eFUK risk and control management software

• Maintaining registers of process maps, business processes and risks
• Risk identification, assessment and treatment
• Monitoring implementation of internal controls
• Documenting all steps according to legal forms
• Generating and archiving mandatory reports
• Monitoring compliance with EU standards

How does eFUK work?

• Defining nomenclatures and organizational structure
• Entering process maps
• Risk identification
• Defining controls
• Reporting

Who are our users – who is eFUK intended for?

• Ministries, government institutions and agencies
• Public enterprises and local governments
• Educational and healthcare institutions
• All users of public funds required to implement FUK

Typical screens and functionalities of eFUK

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• Data security and protection
• Dashboard
• Process maps
• Business processes
• Risk forms
• Print list of business processes and process maps
• Print risk forms
• Print risk forms for a business process
• Print risk forms for an organizational unit
• Print all risks for the organization

eFUK – Your step toward an efficient and modern public sector

Whether you are just starting FUK implementation or looking to improve existing processes, eFUK provides a comprehensive, secure and legally compliant solution. With expert support and advanced technology, your FUK process becomes simple, transparent and fully under control.

Frequently asked questions about the FUK system

Is FUK legally mandatory?

Yes. Financial Management and Control (FUK) is a legal obligation for all users of public funds in the Republic of Serbia in accordance with the Budget System Law. Institutions are required to establish a system of internal controls that ensures lawful, purposeful and efficient use of public funds.

Who supervises FUK?

The implementation and functioning of the FUK system is supervised by the State Audit Institution (SAI) through audit procedures. During audits, the existence of process maps, risk registers, control activities and documentation of the entire internal control system is verified.

How long does implementation take?

The duration of FUK system implementation depends on the size and complexity of the institution, but in practice it is usually implemented within a period of several weeks to several months. Using specialized software such as eFUK significantly accelerates the process because forms, methodology and records are already structured in accordance with regulations.

Can FUK be managed in Excel?

Technically it is possible to maintain certain records in Excel tables, but such an approach makes it difficult to track changes, responsibilities and the history of controls. Excel does not provide centralized documentation or the system traceability required by audits, which is why institutions usually move to dedicated FUK management software.

Is software required for FUK?

Regulations do not require mandatory use of software, but in practice a digital system significantly facilitates the establishment and maintenance of FUK. Software solutions enable centralized management of processes, risks and controls, automatic reporting and easier preparation for State Audit Institution inspections.