Accurate management information is very important in every successful organization. The need of it has never been greater. Often there is no shortage of data however we still find information to be in short supply. Managers are required to be provided with a comprehensive and cohesive view of the business as a whole. This is possible by integrating traditional financial information with service and product information. This will enable managers to manage productivity and service delivery much more effectively.
Integrated Financial Management Information Systems (IFMIS) applications have been crucial in improvising both administration and financial management. Their benefits include:
- Collated Meaningful information through bringing data together
- Improve accuracy and generate much more up to date information by enabling automated and self-service processes that reduce costs
- Procurement to purchasing to accounts payable – Linking processes so that they occur in a seamless way
- Creating controls that will reduce risks associated with financial transactions
Who Should Attend?
- Personnel who can attend this course are
- Senior officials from banks
- Officials from the ministry of finance
- Information technology (IT) senior government officials and directors
- In-charge of implementing Public financial management (PFM) reforms.
By the end of the course, participants will be able to:
- Recognize the crucial areas for strategies and audit attention for effective evaluation and monitoring
- Evaluate and manage change, communications, stakeholders and IFMIS
- Describe the ways in which IFMIS solution can reduce financial risk, enhance transparency and internal controls
- Describe and explain the architecture of an IFMIS/IPFMS and the ways it strengthens and supports eGovernment and PFM
- Contribute to the planning, scoping of an IPFMS project
- The significance of financial management information systems (FMISs)
- FMIS features
- FMIS: Attributes
- FMIS introduction: The Strategic framework
- Introducing an FMIS: Requirements
- Introducing an FMIS: The Main steps
- IFMS: Project management
- The concept of Reflective Practice
- IFMS: The organizational development
- Analyzing Improvements and parallel reforms to business processes
- Implementation of FMISs: Country Experiences
- The reason: Why do FMIS projects stall in developing countries?
- Development of an FMIS: Preconditions
- Different modules and functionalities in a typical FMIS
- Understanding Non-core modules
- All our courses can be facilitated as Customized In-House Training course.
- Course duration is flexible and the contents can be modified to fit any number of days.
- As for Open Enrolment Courses, we offer our clients the flexibility to chose the location, date, and time and our team of experts who are spread around the globe will assist in facilitating the course.
- The course fee includes facilitation, training materials, 2 coffee breaks, buffet lunch and a Certificate of successful completion of Training.
- FREE Consultation and Coaching provided during and after the course.