Financial Management Information Systems (FMIS): Project Guide: Strategic, Functional, Technological, and Governance Issues in the Design and Implementation of New Platforms for Public Financial Management Systems

Financial management information systems (FMIS) are essential for economic stability and for improving fiscal efficiency and transparency. It is increasingly important that FMIS provide comprehensive functional coverage, as well as architecture and technologies that are flexible and modular without any loss of efficiency or effectiveness. This FMIS Project Guide describes the strategic, organizational, functional, technological, and operational issues that must be addressed for successful implementation of an FMIS. The Guide is divided into 14 self-contained chapters that may be reviewed separately. They cover all significant aspects of designing, implementing, and operating an FMIS, including detailed coverage of the issues considered critical and alternative approaches for addressing these. Topics addressed include the design and organization of project governance; management and indicators; the legal framework; institutional arrangements; institutional capacity building; conceptual models; public expenditure processes; data models and system requirements; the analysis of alternatives for deciding whether to implement a new system or upgrade an existing one; information security; procurement of hardware, software, and services; system deployment; management models for operating the system; and the use of new emerging technologies such as cloud computing, artificial intelligence, robotic process automation, blockchain, mobile money, and data visualization technologies.

Bibliographic Details

Main Author:	Inter-American Development Bank
Other Authors:	Carlos Pimenta
Language:	English
Published:	Inter-American Development Bank
Subjects:	Governance, Cloud Computing, Data Analytics, Public Financial Management, Fiscal Transparency, Artificial Intelligence, Exponential Technology, Data Management, Automation, Budget, Information System, Government Revenue, O30 - Innovation • Research and Development • Technological Change • Intellectual Property Rights: General, O33 - Technological Change: Choices and Consequences • Diffusion Processes, E62 - Fiscal Policy, H60 - National Budget Deficit and Debt: General, H20 - Taxation Subsidies and Revenue: General, H50 - National Government Expenditures and Related Policies: General, H70 - State and Local Government • Intergovernmental Relations: General, financial management information systems (FMIS);fiscal transparency;FMIS project governance;FMIS legal frameworks;FMIS institutional arrangements;treasury single account (TSA);FMIS conceptual model;public expenditure functionalities and processes;data models;FMIS modernization;information security;FMIS operational management models;emerging technologies;data analytics;artificial intelligence;public financial management (PFM),
Online Access:	http://dx.doi.org/10.18235/0003342 https://publications.iadb.org/en/financial-management-information-systems-fmis-project-guide-strategic-functional-technological-and
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