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Public Finance Management
Overview
Success Stories
Today’s public sector organizations are required to do more with less budget—all while addressing rising mandates for transparency, fiscal accountability, and compliance. To succeed, public sector organizations must modernize their workplaces and standardize key business processes to stay efficient. Strong public financial management (PFM) systems are essential for effective and sustainable economic management and public service delivery. IFMS™ can enable prompt and efficient access to reliable financial data and help strengthen government financial controls, improving the provision of government services, raising the budget process to higher levels of transparency and accountability, and expediting government operations.
Our IFMS™ solution provides public sector organizations with a comprehensive solution with functionality that assists them to operate efficiently and improve productivity, while meeting complex regulatory, budgetary, and grant compliance requirements.

BENEFITS

Here is a list of benefits across our Public Finance and Revenue Management offerings.

  • Improves the efficiency of financial operations
  • Enables better strategic planning
  • Ensures effective cash flow
  • Manages regulatory, budget, and grant compliance requirements to optimise taxpayer funds
  • Enhances citizen services by tracking revenues, expenditures, and personnel against budget objectives
  • Ensures fiscal transparency with budget visibility
  • Helps adapt to changing legislative requirements with real-time insights and configurable workflows
  • Improves revenue collection and compliance with e-government mandates for security and confidentiality
  • Supports the enforcement of trade facilitation activities
  • Drives better management of natural resources
  • Improves transparency for citizen engagement
  • Reduces paper-based processing within governmental departments
  • Provides document security in governmental departments through regulated access
  • Mitigates unauthorised use and violation events, reduces vehicle theft, increases fuel efficiency, and enhances fleet utilisation
  • Affords improved management functions through spatial analysis and stronger social stability through resource analysis
  • Helps better planning and decision-making by leveraging data from multiple sources
  • Enables governments to effectively manage services, gain insights into customers, and improve service delivery
OFFERINGS

Our public finance and revenue management offerings give administrative bodies various capabilities ranging from effective management of financial resources and simplification of the process of paying taxes to tracking cargo and registering motor vehicles.

  • Public Financial Management Consulting: Helps public finance institutions worldwide — including finance ministries, government lenders, pension funds, tax authorities, central banks, and financial regulators — to meet the challenges of fiscal imbalances and systemic financial failures
  • Online Output-based Budgeting Tool: Helps organisations manage their entire budget lifecycle. It offers a budget preparation and monitoring tool that aids with real-time access to budget information; the system works as an integrated repository of budget data required in the preparation of all budget documents
  • Financial and Treasury Management: Enhances strategic decision making processes through global management of cash and liquidity
  • Revenue Management: Integrates with IFMS™ to enhance government entities’ abilities to identify sources of revenue: property taxes, market rates, and duties and levies
  • Funds, Projects and Grants Management: Affords a complete solution from pre-award through closure in one application
  • E-procurement: Allows vendors and MDAs to function seamlessly across an integrated network. We help organisations perform a variety of tasks online, such as updating profile data, requesting additional users, uploading catalogue content, submitting invoices, and reviewing payments. We also help establish a centralised procurement desk capability across the organisation to support procurement policies and processes
  • Debt Management: Maximises the value of DMS (Debt Management Software), automates payment cycles, and automatically reconciles debt-related balances between DMS and IFMS™ systems — while utilising best practices in core debt management software
  • Monitoring and Evaluation: Helps assess project results, improve project planning, allocate resources in an appropriate fashion, and monitor task progress
  • County Solutions: Aims to help governments imagine new things for their cities, as well as empower people to create safer, healthier, modern, educated and prosperous cities. Techno Brain’s county solutions encompass different sub-solutions which range from project monitoring and evaluation, county planning, cabinet management, financial management, fleet management to monitoring healthcare, ensuring safety, managing land, ensuring revenue growth, managing utilities, and many more

IFMS™ for the Government of Malawi (GOM)

The GOM wanted to implement an Integrated Financial Management System for its various assemblies spread across the country. With Techno Brain’s IFMS™ solution, GOM gained many advantages, such as - real-time access to information, increased efficiency, quick and effective decisionmaking, enhanced visibility of taxation requirements, improved budgeting and streamlined revenue management, hassle free procurement process, automated accounting processes, and compliance with reporting.

To read more, Click here

Integrated Financial Management System (IFMS™) for National Environment Management Council (NEMC), Tanzania

NEMC implemented Techno Brain’s IFMS™ for their geographically dispersed branches. The solution provided real-time access to information and increased efficiency and decision making.

To read more, Click here

IFMS™ for the Government of Uganda

The Government of Uganda wanted to implement an Integrated Financial Management System for their geographically dispersed local governments. With Techno Brain’s IFMS™ solution, the Government of Uganda gained many advantages, such as - real-time access to information about grants from different sources, increased efficiency, enhanced visibility of taxation requirements, quick and effective decision making, hassle free procurement process, improved budgeting and streamlined revenue management, compliance with reporting, and automated accounting processes.

To read more, Click here

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In focus
CONTACT

PO Box 57666-00200, Heritan House

Woodlands Road, Off Argwings Kodhek Road

Opposite DoD Headquarters

Nairobi

Tel: +254 738 770 186 / 734 770 187

Fax: +254 20 224 6186

info@technobraingroup.com