Government implementations of Financial Management Information Systems (FMIS) and financial sub-systems covering assets, custom, debt, human resources, procurement, and tax administration systems are rarely well-integrated.
This leads to:
- limited ability to automate
- inconsistent data
- non-compliant spending that exceeds legal budgets.
The answer to this lies in using Commercial-Off-The-Shelf (COTS) software that inherently interoperates, and supports integration with other financial systems, like the FreeBalance Accountability SuiteTM.
Read more on PFM interoperability in this Minister Brief.
Minister Kortingen
Written by FreeBalance executives and senior subject matter experts, these short briefs are designed to summarize public finance and technology subjects for government ministers and senior public servants.
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