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FreeBalance recently presented "FMIS Implementation: Experiences and Best Practices for Interface with Debt Management" at a forum organized by the Commonwealth Secretariat on October 26 – 27 in London, UK. Over 30 Ministry of Finance, Treasury, and Accountant General representatives from 12 countries participated in the two-day workshop. Attendees from the World Bank, International Monetary Fund (IMF) and Public Expenditure and Financial Accountability (PEFA) Secretariat also participated.
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Version 7 section
• brief discussionIFMIS-Debt Management
Integration
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• brief discussion
optimism?
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• brief discussion
pain
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• brief discussion
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integration dimensions?
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• brief discussion
process
5
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6
functional
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• brief discussion
technology
7
Appropriations
Expenditures
Procurement
Treasury
Materials
Civil Service
Receipts
Payroll
Social Programs
Budget Controls
Planning
Analysis
Budget Law
Policy
Forecasting
Budget Books
Context: Government Resource Planning (GRP)
Debt Management?
Fiscal Policy
Monetary Policy
Debt Forecasting
Legislative Approval
Debt Repayment
Debt Revenue
Cash Management
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• brief discussion
Version 7 section• Increasing “core” footprint• Footprint extending to non-core• Scenario planning & what-if analysis• Multi-year planning & multi-year
commitments• Cash management functionality–Commitment cycle
• Data warehousing
Context: 2011 IFMIS Footprint
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• brief discussion
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ProcessProcess IFMIS Processes Debt Management
Processes Systems Overlap
PlanningBudget FormulationCash PlanningForecasting
Debt Planning
• Aid Management• Cash Management• Risk Management• Performance
Management
Controlling
Budget ControlsAppropriationsWarrantsCommitments & Obligations
Conditionality
Executing Accounting Revenue / Expenditures
Reporting Financial Reporting Debt Reporting
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• brief discussion
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ProcessProcess IFMIS Processes Debt Management
Processes Systems Overlap
PlanningBudget FormulationCash PlanningForecasting
Debt Planning
• Aid Management• Cash Management• Risk Management• Performance
Management
Controlling
Budget ControlsAppropriationsWarrantsCommitments & Obligations
Conditionality
Executing Accounting Revenue / Expenditures
Reporting Financial Reporting Debt Reporting
Version 7 section
• brief discussion
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ProcessProcess IFMIS Processes Debt Management
Processes Systems Overlap
PlanningBudget FormulationCash PlanningForecasting
Debt PlanningDebt Forecasting
• Aid Management• Cash Management• Risk Management• Performance
Management
Controlling
Budget ControlsAppropriationsWarrantsCommitments & Obligations
Conditionality
Executing Accounting Revenue / Expenditures
Reporting Financial Reporting Debt Reporting
Version 7 section
• brief discussion
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ProcessProcess IFMIS Processes Debt Management
Processes Systems Overlap
PlanningBudget FormulationCash PlanningForecasting
Debt PlanningDebt Forecasting
• Aid Management• Cash Management• Risk Management• Performance
Management• Document
Management
Controlling
Budget ControlsAppropriationsWarrantsCommitments & Obligations
Conditionality
Executing Accounting Revenue / Expenditures
Reporting Financial Reporting Debt Reporting
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• brief discussion
Version 7 sectionwhat leads, what follows?
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• brief discussion
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FunctionalFunction IFMIS Processes Debt Management
Processes
AnalysisSurplus/Deficit forecastingCash & liquidity forecasting
Cash & liquidity forecasting
Assumptions
Macroeconomic dataCost DriversHistorical trendsScenario PlanningFormulas
Macroeconomic dataFormulas
Data Database Database
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• brief discussion
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FunctionalFunction IFMIS Processes Debt Management
Processes
AnalysisSurplus/Deficit forecastingCash & liquidity forecasting
Cash & liquidity forecasting
Assumptions
Macroeconomic dataCost DriversHistorical trendsScenario PlanningFormulas
Macroeconomic dataFormulas
Data Database Database
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• brief discussion
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FunctionalFunction IFMIS Processes Debt Management
Processes
AnalysisSurplus/Deficit forecastingCash & liquidity forecasting
Cash & liquidity implicationsDebt forecasting
Assumptions
Macroeconomic dataCost DriversHistorical trendsScenario PlanningFormulas
Macroeconomic dataScenario PlanningFormulas
Data Database Database
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• brief discussion
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strategic re-use?
1818
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TechnologySoftware Stack Integration
Methods
Application
Near Real-Time
Security
Application Server
Development System
BatchDatabase Management SystemOperating System
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• brief discussion
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TechnologySoftware Stack Integration
Methods
Application
Near Real-Time
Security
Application Server
Development System
BatchDatabase Management SystemOperating System
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• brief discussion
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TechnologySoftware Stack Integration
Methods
Application
Near Real-Time
Security
Application Server
Development System
BatchDatabase Management SystemOperating System
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• brief discussion
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what integration points & integration method?
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• brief discussion
Version 7 section• Security scenario:–Single sign-on or segregated security?
• Cash forecasting scenario: –Commitments, obligations, cyclical trends,
current cash, debt repayments–Foreign exchange
• Supplemental budget scenario:–Donor provides funds
Some Scenarios
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Version 7 section• Debt scenario:–Dispute with the lender–Decision to default
• Budget execution scenario:–Ensure debt revenue executes to intended
program/ valid code combinations–Real-time cash/budget availability
• Scenario scenario:–Macroeconomic shock
Some Scenarios
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review
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Version 7 section• Cross-platform integration standards–Web-services, XML
• Integration hubs–Business process management or workflow
& enterprise application integration • Modern software design–Logical rather than physical level
• Open systems–Reducing vendor lock-in
Good News
![P Murphy, IFMIS Nairobi November 2004 1 Perspectives on IFMIS Implementation in selected Sub-Saharan African Countries [P. Murphy]](https://img.dokumen.tips/doc/110x75/551b5026550346ae7a8b5228/p-murphy-ifmis-nairobi-november-2004-1-perspectives-on-ifmis-implementation-in-selected-sub-saharan-african-countries-p-murphy.jpg)
