Industry: Government and Local Authorities
Expertise: Business Applications & Data Analytics
Country: Axians Portugal
While the European Union public funds benefit communities, their regulatory frameworks and administrative processes could be complex and difficult to implement.
eFundos manages every step of the fund management process in a robust and transparent way—from the beneficiary application to the entity’s decision—covering the entire analysis, monitoring, and reporting process.
With a secure, cloud-based infrastructure, Axians developed eFundos to protect sensitive data while ensuring consistent performance. Its scalable design allows the platform to adapt to new technologies, making it a reliable and practical solution.
Indeed, the platform is designed to streamline fund management, ensuring better oversight, accountability, and optimal use of public resources.
Using AI, eFundos also leverages tools like automated document analysis and fraud detection to improve accuracy and reduce processing times.
AI plays a key role in optimizing processes like document verification. For instance, when beneficiaries upload invoices for refund, or other mandatory document, the AI system automatically extracts its key information, checks for discrepancies, and ensures accuracy. This reduces manual errors, prevents fraud, and promotes transparency in fund management”
Cláudia Cristóvão
Business Development Manager at Axians Portugal
Currently, three funds management authorities are using eFundos as part of Portugal’s Resiliency and Recovery Plan (RRP). Via a subscription, users benefit from a comprehensive service package, which includes regular updates and maintenance.
Moreover, eFundos sets the benchmark for efficient and transparent fund management, empowering governments, and organizations to allocate resources with greater precision. Filipe Cerqueira, the project manager at eFundos, also highlights the platform’s role in fostering accountability:
eFundos contributes to corruption prevention by ensuring accurate data verification at multiple stages. For example, if a beneficiary submits a false document or uploads an incorrect one, the system has the technical capability to verify its authenticity and accuracy.
With a technical review process, eFundos ensures that only valid applications are approved, upholding transparency and integrity”
Filipe Cerqueira
Project Manager of eFundos
Although implemented in Portugal, this solution is flexible and adaptable for any organization worldwide that requires strict and compliant management of public funds.