FreeBalance Public Financial Management Sustainability the Government Resource Planning Tipping Point
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The document discusses the challenges and solutions in public financial management (PFM), emphasizing the necessity for sustainability and adaptability in government financial practices. It critiques current middleware development environments and highlights the importance of integrating best practices, such as line-item budgeting and real-time visibility in financial reporting. Furthermore, it underscores the need for governance, accelerated implementation of technology, and engagement with the PFM community to enhance the effectiveness of PFM platforms.
FreeBalance Public Financial Management Sustainability the Government Resource Planning Tipping Point
- 1. Version 7 section • brief discussion PFM Sustainability: The SIAF/FMIS Tipping Point Doug Hadden VP Products
- 2. Version 7 section • brief discussion the 4 amigos
- 3. Version 7 section • brief discussion sustainability affordable meets needs adapt to reform leapfrog self- sufficiency TCO
- 4. Version 7 section • brief discussion SIAF tradition MIDDLEWARE DEVELOPMENT ENVIRONMENT REUSABLE CODE CONFIGURATION APPLICATION NEEDS technical environment
- 5. Version 7 section • brief discussion reality MIDDLEWARE DEVELOPMENT ENVIRONMENT REUSABLE CODE APPLICATION NEEDS NEW NEEDS DIFFERENT APPLICATION integration extensibility cost risk governance
- 6. Version 7 section • brief discussion “poorer practices” different budget & financial classifications inability to report on money spent for objective or to cost increasing procurement arrears & higher prices reversals in previous years financial information or outside system
- 7. Version 7 section • brief discussion solutioning 77 government rejects custom software after years of development inability to upgrade to accrual accounting inability or difficulty to support IPSAS , GFS & other standards inability to reconcile accounts
- 8. Version 7 section • brief discussion visibility Current NeedsNow SpecializationSilos BenchmarksTrends Future NeedsFutures
- 9. Version 7 section • brief discussion COTS dilemma MIDDLEWARE DEVELOPMENT ENVIRONMENT REUSABLE CODE CONFIGURATION APPLICATION NEEDS governance customization ‘enterprise’ costs proprietary
- 10. Version 7 section • brief discussion “best practices” 1010 use of line-item budgeting not using budget & commitment controls in ERP software inability to see “free balance” in real time introduction of unneeded complex processes
- 11. Version 7 section • brief discussion impact 1111 so much customization – bears no resemblance to original inability to easily progressively activate new functions forced product upgrades high costs and significant delays
- 12. Version 7 section • brief discussion http://www.freebalance.com/blog/?p=3495
- 13. Version 7 section • brief discussion 3rd choice: GRP MIDDLEWARE DEVELOPMENT ENVIRONMENT GOVERNMENT PLATFORM CONFIGURATION APPLICATION GOVERNANCE NEEDS NEED government platform custom COTS faster extensible
- 14. Version 7 section • brief discussion leapfrog integrated multiple year budget planning and execution 10 years of budget data on-line decentralization & progressive activation to all gov’t entities comprehensive PFM-driven reform on government platform
- 15. Version 7 section • brief discussion 1515 www.transparency.gov.tl
- 16. Version 7 section • brief discussion achieve government sustainability? platform & technology built for PFM engage PFM community deeply to gain visibility to future commit to government successes and feature improvements develop methodology like “Governance Valuation”
- 17. Version 7 section • brief discussion how? Problem Blueprint Open System COTS & Platform Accelerated implementation Experiment “government entities” Pilot? ‘MVP’ into production Feedback Increment Add & Adjust Configuration in platform Examples Sustain Progressively Activate Maintained COTS platform from years to months
- 18. Version 7 section • brief discussion .943.286 low medium high very high Canada .908 Antigua .764 Mongolia .653 Liberia .329 Timor-Leste .495 | | | Selection of FreeBalance Customers, National Level GRP Implementations from low to very high Human Development Index
- 19. Version 7 section • brief discussion Global PFM Provider Canadian Company GRP Leader 100% Government Focus ISO- 9001/2008 Covers Budget Cycle Modern Web Technology High Success Rate Company Summary