DICT & KUMULSOFT TO ADDRESS GOVT ASSET MANAGEMENT GAPS

The Department of Information and Communications Technology (DICT) has signed a Memorandum of Understanding (MoU) with Kumulsoft Limited, to allow government agencies to use Kumulsoft’s Fixed Assets Management System as a shared digital service.

The system will enable government agencies to maintain better records of their assets, including land, equipment, buildings, and machinery—addressing long-standing issues in public asset management.

DICT Secretary Mr. Steven Matainaho said the partnership supports the implementation of the Digital Government Act 2022, which calls for a whole-of-government approach to digitalization.

“Since the passing of the Digital Government Act in 2022, it has promoted a whole-of-government approach to digitalization,” Secretary Matainaho said.

He added that this collaboration is especially significant as it marks the department’s first partnership with a home-grown ICT company.

“As highlighted in the Digital Transformation Policy, we are not only seeking effective technology but also looking at cost-effective ways to drive digital transformation.

“We are exploring how the government can use technology to reduce operational costs, increase efficiency, and contribute to economic growth. It’s encouraging to see companies like Kumulsoft stepping up to help deliver on these objectives,” he added.

Secretary Matainaho also noted that DICT will now begin piloting the Fixed Assets Management System as a shared service across government agencies.

Kumulsoft Co-Founder Mr. Paul Muingnepe said the system tracks assets throughout their lifecycle—from procurement to disposal—ensuring greater transparency and accountability.

“We have a solution here that we are ready to deploy across all government agencies. Reporting on government assets has long been an issue.

“With our system, no asset is left unaccounted for. It captures the full fixed asset lifecycle and ensures nothing is lost in the process. Often, you’ll find items listed in records that no longer exist—this system helps eliminate that”, Mr. Muingnepe said.