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.
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