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.