For every organization, accurate management information is highly critical as without it success cannot be guaranteed. Usually the data is never in shortage but we still find the info to be insufficient. Thus, the managers are required to be given detailed business view, which is only possible when traditional financial info is integrated with product and service information. This equips managers with the capability to manage productivity and service delivery in a better manner.
This training program has been planned out keeping in mind both the traditional and up to the minute trends and requirements of the given field. This makes the course an ideal learning opportunity for all of its participants. Please make a note that a custom proposal can also be acquired, if you have different training requirements for your team.
Integrated Financial Management Information Systems, or IFMIS applications have been all-important when it comes to the improvisation of both financial management and administration. Some of their benefits are:
- Collated significant information by bringing data together
- Creating controls that will cut down risks connected to monetary transactions
- Procurement to buying to accounts payable – Linking processes so that they occur in a flawless manner
- Improve accurateness and produce much more up to date info by enabling automated and self-service processes that decrease costs
Who is it for?
This course is for the following types of individuals or professionals:
- Senior officials connected to the banking sector
- Officials from the finance ministry
- IT related senior government officials and/or directors
- Managers who implement public financial management, AKA, PFM reforms
As this useful course will be completed, the participants will have to ability to:
- Identify the critical areas for strategies and audit attention for effectual assessment and monitoring
- Evaluate and manage change, stakeholders, communications, and IFMIS
- Demonstrate the ways in which IFMIS solution can decrease financial risk, increase lucidity and internal controls
- Illustrate and explain the architecture of an IFMIS/IPFMS and the ways it makes the government PFM stronger
- Make contribution to the planning, scoping of an IPFMS project
- The significance of financial management information systems, also known as FMISs
- FMIS: features
- FMIS: Attributes
- Introducing an FMIS: The Main steps
- IFMS: Project management
- IFMS: The organizational development
- FMIS introduction: The Strategic framework
- Introducing an FMIS: Requirements
- Understanding Non-core modules
- Analyzing Improvements and parallel reforms to business processes
- Implementation of FMISs: Country Experiences
- The concept of Reflective Practice
- The reason: Why do FMIS projects stall in under developed regions or countries?
- Creation of an FMIS: Preconditions
- Various modules and functionalities in a typical FMIS
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