Public Expenditure Management
Enables governments to manage all spending functions
Public Expenditure Management Solution Overview
(PEM) Public Expenditures Management manages all functions related to government spending and public expenditure control. Due to the unique needs of government – including budget and commitment controls – this exceeds typical accounts payable functionality common in the private sector. Features include:
Expenditures and Purchasing
Supports expenditure controls for standard expenditures including payment management, multiple purchasing vehicles and the purchasing cycle.
Supports fiscal discipline on large-scale government acquisitions including tendering, eProcurement, contract and spend management.
Grant and Social Programs
Supports government grant, loan, and contribution management.
(PEM) Public Expenditure Management is one of the six core product pillars within the FreeBalance Accountability Suite™ and is composed of a number of modules that can be implemented as a standalone or part of a unified solution. The PEM pillar reflects all functions related to government spending.
(PECM) Contract Management
Contract management includes payment features to manage all aspects of contract payment accounting.
(PECT) Catalogue Management
Creates workspaces for procurement with an unlimited number of supplier catalogues for goods and/or services.
(PEEP) eProcurement Site
Provides transparency on procurement process, suppliers, pricing and terms – building trust in government.
(PEPM) Payment Management
Initiate payment processes and collection management by expense voucher from any source.
(PEGP) Electronic Government Procurement
Supports discipline in finances on large-scale government acquisitions like tendering, eProcurement, contract and spend management.
(PEPR) Purchasing and Expenditure
Covers the core government purchase and commitment cycle – requisitions, purchase orders, goods receipt, goods returned, expenses and payment vouchers.
What is Public Expenditure Management?Public expenditure management (PEM) is public sector budgeting that is focused on the results and outcomes that a government achieves in line with its national development plan. PEM focuses on outcomes and sees expenditures as a means to produce outputs which are needed to achieve desired outcomes.
What are the Benefits of Public Expenditure Management?
Some of the features and benefits of a unified Public Expenditure Management solution such as the FreeBalance Accountability Suite™ include:
Budget and Commitment Controls
Ensure that all expenditures are approved and do not exceed budget or allocations established in the system.
Develops a range of purchasing instruments such as local purchase orders, petty cash, open contracts, standing offers and special contracts.
Manages vendors, including authorizations, certifications and ratings.
Supports government healthcare programs, pensions, welfare payments and employment insurance.
Manages the entire purchase cycle, including purchase requisitions, purchase orders, goods receipt and goods returned.
Manages government procurement including contracts, competitive tenders, tender evaluation and vendor disputes.
Provides support for grants, loans and contributions to individuals, educational institutions, NGOs and businesses.
Manages transfer payments between governments.
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