Public Financials Management
Enables governments to manage tax dollars effectively
Public Financials Management Overview
(PFM) Public Financials Management supports the unique budgetary requirements of the public sector and offers features such as commitment accounting and budget management. The modules can be combined and configured in any way and can be progressively activated in line with a sequenced PFM reform program.
Budget and Commitment Accounting
Supports core government financial functions for unitary governments, national governments, line ministries, sub-national and local governments, and projects.
Assets and Inventory
Supports asset management principles tailored specifically to government needs such as fixed assets, stores, fleet and facilities.
Projects and Job Costing
Supports project management link budgeting and project accounting to project estimates and forecasts.
Fixed Assets and Inventory
Manages asset accounting, depreciation and evaluation. Supports government stores, transfers, inventory counts and consumption.
Journal, Vouchers and Ledgers
Supports traditional accounting cycles used in the public and private sectors.
Public Financials Management Modules
(PFM) Public Financials 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 individually or as part of a unified solution. The PFM pillar enables governments to manage tax dollars effectively.
(PFPF) Core Public Financials
(PFBC) Budget Controls
(PFBR) Budget Transfer Requests
(PFCB) Cash Books
(PFFA) Fixed Assets
(PFFM) Fleet Management
(PFSI) Stores and Inventory
(PFAA) Accountable Advances
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