The Government of Kosovo has selected FreeBalance to support three new projects which will improve procurement, invoice tracking and transparency of public finances.
Since 1999, FreeBalance has proudly supported the Government in the development, implementation, and ongoing maintenance of the Kosovo Financial Management Information System (KFMIS), a multi-language (English, Albanian, and Serbian) system that supports all ministries and municipalities and effectively manages the entire government payroll. These new projects build on this long standing relationship.
Het eerste project zorgt voor interoperabiliteit tussen het KFMIS en het e-inkoopsysteem van de overheid, waardoor de efficiëntie, kostenbesparingen, nauwkeurigheid, naleving en de mogelijkheid om strategische inkoopinitiatieven te ondersteunen, toenemen. Dankzij het werk van FreeBalance aan dit project zal de overheid kunnen vertrouwen op een naadloze gegevensuitwisseling tussen systemen en profiteren van de automatisering van processen die nu nog handmatig worden uitgevoerd. Hierdoor kunnen ambtenaren de nauwkeurigheid van gegevens vergroten, handmatige fouten verminderen en beter geïnformeerde beslissingen nemen.
The second project focuses on a vendor invoice tracking system, which will streamline the entire invoicing process, from submission to approval and payment. This new tool will enforce compliance with government regulations and policies, ensuring that all invoices meet the required standards and are processed in time. The system can flag discrepancies and delays in invoices, reducing the likelihood of fraudulent activities.
FreeBalance’s third new project with the Government of Kosovo is the provision of an application that facilitates the process of the interaction between governments, citizens and businesses. The FreeBalance Transparency Portal provides quick and accurate access to all data handled in the KFMIS. It standardizes the format and structure of expenditure and revenue data across different budget organizations, making it easy for stakeholders to view and download key public financial information. This helps to build citizen trust and reduces enquiries and complaints regarding public expenditure.
Over the last 24 years, the KFMIS has played a pivotal role in the country’s public financial management reforms. The most recent PEFA-beoordeling voor Kosovo demonstrates continued robust advancements in the country’s public financial management. These latest programs of work build on this existing success.
Related Customer News
)
Kiribati’s IFMIS Transformation Hits New Milestone
The FreeBalance Accountability SuiteTM was successfully utilized to produce the Government of Kiribati’s annual accounts report, bank reconciliation account report and management account report for the first time in June.
)
Micronesia’s PFM Transformation – Supported By FreeBalance – Highlighted At Government Conference
FreeBalance Project Manager Rajesh Bhandari joined Micronesia’s annual government finance conference to support a presentation on the forthcoming transformation of the Government’s PFM approach, and the implementation of a new cloud-based financial management information system (FMIS).
)
FreeBalance Helps Drive Sustainable PFM Reform in Trinidad and Tobago
FreeBalance has launched its Lead-Assist-Guide (FLAG) program with the Government of Trinidad and Tobago (GoRTT). The FLAG program is designed to support sustainability in public financial management (PFM) reform in the long term.