(GTM) Government Treasury Management helps the spending units set payment priorities. The Treasury updates bank balances through the bank statement, which includes daily revenue collections. Based on the liquidity available, the Treasury can decide which payments to release and which payments to delay. Treasury Management manages the payment process and bank reconciliation process.
- Introduce the payment process
- Learn how to prioritize the payments
- Understand how the FreeBalance Accountability Suite facilitates the payment management process
- Learn how to perform the Bank Reconciliation
- Prioritization of Payments
- Creating Payment Extracts
- Creating Payment Extract Payments
- Approval process through Payment Extract payment target stage
- Importing bank statements
- Bank Reconciliation
- Generating Reports
- PFM consultants
- GRP Consultants
- Business Analysts
- Civil Servants
Budget Planning is a crucial phase of the Budget Cycle that seeks to balance the government’s limited resources with its competing policy priorities.
Expenditure refers to the payment of a sum of money by an organization, arising from a valid commitment or obligation.
Purchasing encompasses all activities related to the acquisition of goods, services, and works. A good purchasing and public procurement system ensures that the needs of the end-users in organizations are met while maximizing value-for-money. Because most organizations implement its mandate through contracting third-party providers, an efficient purchasing system that enforces sufficient internal controls and that promotes transparency and ease of audit is key to government operations.