On January 1, 2025, Italy will take a significant step towards digital transformation with the implementation of the Re.Tes. program. Designed by the State General Accounting Department in collaboration with the Bank of Italy, this system is set to revolutionize the Treasury operations for public administrations and Italian businesses, particularly small and medium-sized enterprises (SMEs) supplying goods and services.
The initiative aims to eliminate outdated paper-based procedures, centralize processes, and enhance transparency, security, and efficiency in financial transactions.
Key innovations of the Re.Tes. program
One of the most impactful changes is the mandatory use of IBAN for all payment and collection transactions processed via the Local IT Order (OIL) system. This approach, leveraging XML protocols and digital signatures, ensures greater security and faster information flows. Traditional settlement methods linked to provincial Treasury accounts will be entirely phased out, transitioning to a fully unified system.
Additionally, the program introduces the ORTES system to replace current IT applications and implements the SIBI platform to streamline communication between administrations and the Bank of Italy. Notably, cash transactions will be replaced with bank transfers, including domiciled transfers for residual cash payments.
Ambitious goals for a more efficient PA
The Re.Tes. program goes beyond digitizing administrative processes; it aims to enhance analytical capabilities through an advanced digital platform. This system will provide detailed reporting and more accurate financial management. According to Unimpresa president Giovanna Ferrara, this marks a critical opportunity to make Italy’s financial management more transparent and aligned with European standards.
“Faster and more regular PA payments”, Ferrara emphasizes, highlighting the need for tangible benefits for SMEs, often strained by delayed payments that affect their liquidity and growth. The reform, backed by advanced digital tools and centralized systems, promises to drastically reduce inefficiencies and foster greater competitiveness for Italian businesses.
Towards a more competitive future
The Re.Tes. program acts as a catalyst for development in Italy’s economy. By optimizing administrative processes and reducing operational costs, this ambitious project seeks to create a more seamless and reliable financial system, benefiting businesses and citizens alike.
