October 16, 2013Doug Hadden
Michael Siegfried from FreeBalance addressed this question by examining the past, present and future of "Integrated Financial Management Information Systems (IFMIS)" at a meeting of the East and Southern Africa Association of Accountants General (ESAAG) in Cape Town South Africa. He used the example of the Timor Leste Transparency Portal that integrates a Government Resource Planning (GRP) back office system to automatically provide budget, procurement and performance results transparency.
The critical need in Africa, is for financial sustainable IFMIS. These are systems that have a low "Total Cost of Ownership (TCO)", adapt to on-going government reform and modernization and enable self-sufficiency.
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