Search Results for developing countries

How to Modernize FMIS Procurement

So, how can governments modernize procurement to improve FMIS success rates when developing Requests for Proposals (RFPs)? Our experience recommends that governments should question FMIS procurement practices that are based on the rationale that this is ‘how it has always been done’ and address ‘risky’ risk management as follows:

Learnings from the World Bank IFMIS Capacity Building Program

Many government financial systems are financially unsustainable or impossible to support ongoing reform and modernization.

How Can Governments Create Happiness?

The World Happiness Report measures national happiness and the impact of public policy. Find out how can governments can create happiness here.

Organizational Change Management and Government Digital Transformation

Governments are no longer satisfied with improving “systems of record”. The move to “systems of engagement” requires new ways of looking at technology. An effective change management methodology is imperative to make the transformation from ‘doing’ digital things to ‘becoming’ digital.

How to Get PFM Reform Right in Small Island States

Effective PFM reform is possible in the difficult circumstances that Small Island States find themselves in. Years of on-the-ground work has shown…

6 Ways that COVID-19 Pandemic is Driving PFM Reform (and 1 way it’s not)

Lessons learned from the ICGFM virtual training symposium.

Technology Solutions for Decentralizing Government Financial Management Information Systems (FMIS)

FreeBalance white paper explores the advantages and disadvantages of 3 technology solutions for decentralized implementations: how best to support remote access capabilities in governments experiencing low population density and sub-optimal connectivity Introduction Unique FreeBalance Experience FreeBalance is a global integrated provider of Government Resource Planning (GRP) software and Public Financial Management (PFM) services. In addition … Continued

2020 Revealed how Public Financial Management helps Governments in a VUCA World

PFM excellence needed more than ever in the Volatile, Uncertain, Complex, and Ambiguous (VUCA) world of pandemics, fragility, climate change, the Fourth Industrial Revolution, and cyber risks! Third post of 3 in a series, PFM takeaways from 2020 2020 The Year that PFM Came in from the Cold Overwhelming motivation for PFM reform in 2021/2022 … Continued

2020 The Year that Public Financial Management Came in from the (Covid) Cold

Covid-19 Pandemic Exposed Government Need for the Reallocation, Tracking, and Transparency of Public Finances! First post of 3 in a series, PFM takeaways from 2020 2020 The Year that PFM Came in from the Cold Overwhelming motivation for PFM reform in 2021/2022 PFM and the Volatile, Uncertain, Complex & Ambiguous World With the recent passing … Continued

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Why Partner With FreeBalance FreeBalance has unparalleled Public Financial Management (PFM) experience and is the first choice for public sector financial management. Years + Countries $bn Budgets k Civil Servants m Citizens

What Causes Government Financial Management System Failure?

An effective GRP should help governments improve fiscal stewardship across all 8 PEFA pillars.

Towards a Declaration of Software Vendor Dependence?

Every once and a while someone captures the enterprise IT zeitgeist.  Frank Scavo, president of Strativa has done so in a blog post: Time for a Declaration of Independence from Software Vendors? (and a Diginomica podcast with an interview by Dennis Howlett). Frank has witnesses an increase in businesses developing custom software from scratch. Has the … Continued

Prosperity Paradox – Book Review

Why have so few countries succeeded in raising development? Clayton Christensen, Efosa Ojomo, and Karen Dillon have joined the development debate with the Prosperity Paradox: How Innovation Can Lift Nations Out Of Poverty. Christensen is well-known as a Harvard Business School professor and his theory of business innovation first described in The Innovator’s Dilemma. The authors join other critiques … Continued

Innovation and the Modern Finance Ministry

FreeBalance government customer attendees at the 12th. annual FreeBalance International Steering Committee (FISC) shared Finance Ministry modernization lessons. We were inspired by a seminal publication from the IMF on the Evolving Finance Ministry. FreeBalance has extended the IMF work based on our deep experience with public financial management and good governance reform. We believe that … Continued