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.
O primeiro projeto irá assegurar a interoperabilidade entre o KFMIS e o sistema de e-procurement do Governo, aumentando a eficiência, a poupança de custos, a precisão, a conformidade e a capacidade de apoiar iniciativas estratégicas de procurement. Como resultado do trabalho da FreeBalance neste projeto, o Governo poderá contar com uma troca de dados sem falhas entre sistemas e beneficiar da automatização de processos que são atualmente manuais. Isto permite aos funcionários públicos aumentar a exatidão dos dados, reduzir os erros manuais e tomar decisões mais informadas.
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 Avaliação PEFA para o Kosovo demonstrates continued robust advancements in the country’s public financial management. These latest programs of work build on this existing success.
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