PFM Good Practice Guide

Geplaatst op augustus 29, 2024 in White Papers

Total Cost of Ownership (TCO) is crucial for governments implementing integrated financial management information systems (IFMIS), encompassing not just initial costs but also long-term expenses like maintenance, upgrades, and training. Properly calculating TCO to include all factors ensures fiscal sustainability and value for money (V4M) in PFM reform.

The FreeBalance Accountability Suite™ offers a lower TCO compared to traditional ERP systems, which often require expensive customization. Purpose-built for government needs, it provides flexibility, minimal IT support, and a modular approach for progressive activation, allowing governments to implement critical functions over time.

This white paper offers insights into how to manage TCO effectively and reduce the risk of escalating costs.