May 18, 2014Doug Hadden
Slow-moving, conservative, risk-adverse, not at all like the private sector. There reads the myth of government. Many think that the combination of government with accountants, economists and auditors could snuff out any hope for innovation. Yet, Public Financial Management (PFM) professionals are on the forefront of innovation. Of grappling with the most critical factors of country stability, poverty reduction, and economic growth.
Through improved transparency, accountability, and performance. Good governance improves all sectors touched by governments: education, health, justice, defence, environment.
Innovation in global PFM is the theme this week at the International Consortium on Governmental Financial Management (ICGFM) conference in Miami.
PFM is one of the few endeavours in which sharing lessons learned is critical. Government governance is not a zero-sum game where countries with better accountability win. Good governance leads to economic growth and stability, which is good for everyone.
Technology and Technique
Innovation is alive, well and growing in government. Tight budgets and increasing citizen expectations are accelerating government innovation initiatives particularly around open government and government performance management.
As our President and CEO, Manuel Pietra has been quoted: ” Governments around the world are finding new and innovate ways to leverage technology to enhance governance, accountability and transparency. The shift has introduced a new risk and reward paradigm for public servant careers and for government organizations. Transparency, in itself, has become a key performance indicator.”
Innovation is much more than an exercise in technology – as we have discovered as a global provider of Government Resource Planning (GRP) software. Technology is a critical enabler when combined with effective techniques and processes.