IPSAS Financial Management System for Public Institutions
Dhametrics by Riconets Ventures is an IPSAS-aligned platform for budgeting, reporting and compliance in public institutions.
Financial management built for public sector rules
Public institutions carry a reporting burden that generic accounting software was never designed for. Dhametrics, developed by Riconets Ventures Limited, is a financial management system aligned to IPSAS — the International Public Sector Accounting Standards — so the way it records, tracks and reports finances matches what public institutions are actually required to produce. It is built to support budgeting, reporting and compliance in one place.
Rather than forcing public sector teams to bend a commercial product to fit their obligations, Dhametrics is structured around those obligations from the ground up. That difference matters most at reporting time, when a system that was never designed for public sector standards leaves staff exporting data and reformatting it by hand, introducing errors and consuming days that should have been spent on the actual work of the institution.
What Dhametrics covers
The platform brings together the core financial workflows a public institution manages day to day. Budgets are planned and tracked against actuals, transactions are recorded in line with IPSAS treatment, and reports are generated in the formats institutions need for oversight and audit. The aim is fewer spreadsheets, less manual reconciliation, and a clearer audit trail. When figures live in one system rather than scattered across files on different machines, questions from auditors and oversight bodies can be answered quickly and with confidence.
- Budget planning and tracking against actual spend
- Transaction recording aligned to IPSAS treatment
- Reporting in formats suited to oversight and audit
- A clearer audit trail with less manual reconciliation
Current status and how to engage
Dhametrics is currently in testing. That means we are actively refining it with real-world use in mind, and we welcome public institutions that want to understand the system, see where it fits their processes, and discuss adoption as it matures. Being involved early is an opportunity to shape a tool built specifically for the public sector context.
Riconets Ventures is a Kenyan technology company based in Nakuru with more than five years of software delivery experience. If your institution wants a financial management system built around IPSAS rather than adapted to it, get in touch to arrange a conversation or demonstration. Call +254 727 523 979 or email info@riconets.com.
Frequently asked questions
What does IPSAS-aligned mean for this system?+
It means Dhametrics records, tracks and reports finances in line with the International Public Sector Accounting Standards, so its outputs match what public institutions are required to produce, rather than being adapted from commercial accounting.
Is Dhametrics available to use now?+
Dhametrics is currently in testing. We are refining it with real-world use in mind and welcome public institutions that want to explore it and discuss adoption as it matures.
What financial workflows does it support?+
It supports budget planning and tracking against actuals, IPSAS-aligned transaction recording, and reporting in formats suited to oversight and audit, reducing manual reconciliation.
How can our institution see a demonstration?+
Contact Riconets Ventures on +254 727 523 979 or info@riconets.com to arrange a conversation or demonstration and discuss how Dhametrics fits your processes.