(GTM) Government Treasury Management Modules

(GTM) Government Treasury Management Modules

Module Overview


(GTM) Government Treasury Management modules harmonize treasury operations, mitigate risk and ensure effective forecasting. They can be implemented as standalone tools, or as part of the wider FreeBalance Accountability Suite.

Additional Reading

Implementing Government Treasury Management Tools Across the Digital Journey In an earlier article we explored the journey which governments go on when they begin to use digital tools for public financial management, and discussed the different stages of an organization’s digital evolution through digitization, digitalization, and digital transformation. In this article we consider the opportunities for improvement when using digital tools for government treasury … Continued
Government Treasury Role of Treasury Management Systems Government financial management and accounting are different from that of private businesses. The accounting principles and regulatory requirements are unique to governments. For instance, governments have to maintain a high level of transparency and accountability, which requires the use of specialized accounting standards. Private sector ERP systems are not designed to handle these specific requirements and may not provide the necessary features to comply with the government's regulatory and reporting requirements.
Government Treasury Management graphic The Benefits of Government Treasury Management Treasury management refers to the process of managing an organization's financial resources, including its cash, investments, and liabilities. Government Treasury Management is a critical aspect of fiscal governance that helps countries manage their financial resources, support economic growth, and ensure transparency and accountability in public finances. A well-managed treasury system can provide governments with the necessary resources to fund public services and investment in infrastructure, education, and health. This is where the FreeBalance Accountability Suite™ comes into play.
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