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Integrated Financial Management Information Systems - IFMIS Integrated or Interfaced System – Latin American Countries Experience Mario Pessoa Fiscal Affairs Department International Monetary Fund Washington, USA, September 14, 2008. Elements of a Conceptual Design.

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slide1

Integrated Financial Management Information Systems - IFMIS

Integrated or Interfaced System –

Latin American Countries Experience

Mario PessoaFiscal Affairs Department

International Monetary Fund

Washington, USA, September 14, 2008

elements of a conceptual design
Elements of a Conceptual Design

What should be decided in the CD

  • Modules of the GFMIS and sequencing of implementation (what functions should be integrated and what should be interfaced)
  • Characteristics of the IT functionalities of the GFMIS
  • Number of users and level of geographic dispersion
  • Off-the-shelf or in-house software development
  • Security issues
  • Accounting regime
  • Coverage
  • Main Reports
a phased approach for ifmis
A Phased Approach for IFMIS
  • First phase – modules of the general ledger, purchases, payables (including commitment control), receivables, and cash management.

Obs:In case other systems have already been developed, the core system should interface with them, including automated bank reconciliation, payroll, and debt management.

  • Second phase – modules related to fixed assets (usually a module of any commercially available package); basic debt management (alternatively GFMIS could be interfaced with a separate system with more advanced functionalities), budget preparation (preferably a module of the system, but could be a separate system which interfaces with the GFMIS), and the payroll (likely to be a separate system interfaced with the GFMIS at the first moment).

Obs: At this stage some systems that already exist could be decommissioned.

  • Third phase – modules related to inventories, project costing, full procurement system (including issuing and evaluation of tenders), and project performance management (likely to be a separate system that is linked with the GFMIS for automated transfer of relevant data).
comparative analysis make or buy
Comparative Analysis - Make or Buy?

Source: WB Guidance Notes: Make or Buy Decision Factors

comparative analysis make or buy cont
Comparative Analysis - Make or Buy? (cont.)

Source: WB Guidance Notes: Make or Buy Decision Factors