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5 days course on Integrated Financial Management Systems

Zoe Talent Solutions
Course summary
Length: 5 days
Price: 2,497 USD
Language: English
Course type: Open / Scheduled
Next available date: Contact Us - Abu Dhabi
Course Dates
Abu Dhabi
Contact Us  (English)
2,497 USD
Dubai
Contact Us  (English)
2,497 USD
London
Contact Us  (English)

5 days course on Integrated Financial Management Systems

5 days course on Integrated Financial Management Systems
The need for accurate management information has never been greater. There is no shortage of data but information is often in short supply. The opportunity now exists to integrate traditional financial information with service and product information to provide managers with a comprehensive and cohesive view of the business as a whole. This should enable managers to manage productivity and service delivery much more effectively.
Integrated Financial Management Information Systems (IFMIS) applications have been important in improving both financial management and administration. Their benefits include:
  • Bringing together data into collated meaningful information
  • Enabling automated and self-service processes that reduce costs, improve accuracy and generate much more up to date information
  • Linking processes so that they occur in a seamless way (e.g. procurement to purchasing to accounts payable)
  • Introducing controls that reduce risks associated with financial transactions

There is a range of systems on the market varying in functionality and scale. The most high profile providers are SAP and Oracle but there are many others of differing scales and functionality. The most suitable will depend on your organization's activities, scale and specific requirements. Just as important, however, is to implement them in a way that best fits the organization's requirements. This includes system set-up, process redesign, training, compliance and design of reporting facilities. All of these need careful planning and implementation if success is to be secured. They have also to be introduced within the overall information and ICT strategies of the organization.

Who Should Attend?


Information Technology (IT) directors and senior government officials, senior officials from Banks, Officials from the Ministry of Finance, in charge of implementing public financial management (PFM) reforms.

Course Outline

    Module 1

  • The importance of financial management information systems (FMISs)
  • Module 2

  • Features of an FMIS
  • Attributes of a well-designed FMIS
  • Module 3

  • Strategic framework for introducing an FMIS in a developing country
  • Module 4

  • Requirements for introducing an FMIS
  • Main steps in introducing an FMIS
  • Module 5

  • Project management - IFMS
  • Module 6

  • Reflective Practice
  • Module 7

  • Organizational development - IFMS
  • Module 8

  • Parallel reforms and improvements to business processes
  • Module 9

  • Country experiences with the implementation of FMISs
  • Why do FMIS projects stall in developing countries?
  • Module 10

  • Preconditions for development of an FMIS
  • Module 11

  • The functions of different modules in a typical FMIS
  • Noncore/other modules


Please send us a Request for more detailed and updated Course Outline

Can't find what you're looking for? All of our courses are fully customisable and our team of instructors can include or exclude any set of modules, or tailor the entire course to facilitate your learning requirements

Course Objectives


The objectives of the course are to:
  • Define the architecture of an IPFMS/IFMIS and how it supports and strengthens PFM and eGovernment
  • Contribute to the scoping and planning of an IPFMS project and take account of practical system integration and institutional change needs
  • Explain how an IFMIS solution can enhance internal controls, minimize financial risk and enhance transparency
  • Identify critical risk areas for audit attention and strategies for effective monitoring and evaluation
  • Assess and manage change, IFMIS, stakeholders and communications

General Notes

  • All our courses can be facilitated as Customized In-House Training course.
  • Course duration is flexible and the contents can be modified to fit any number of days.
  • As for Open Enrolment Courses, we offer our clients the flexibility to chose the location, date, and time and our team of experts who are spread around the globe will assist in facilitating the course.
  • The course fee includes facilitation, training materials, 2 coffee breaks, buffet lunch and a Certificate of successful completion of Training.
  • FREE Consultation and Coaching provided during and after the course.

Please contact us for details.

Provider: Zoe Talent Solutions

Zoe is taken from the Greek word for life, and this comes from ZOE Talent Solutions' business aim to help clients reach a fulfilled life. With over 40 consultants and more than 20 languages, ZOE have offices in four countries...


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Contact information for Zoe Talent Solutions

Zoe Talent Solutions



918, Blue Bay Towers
Business Bay, Dubai

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zoetalentsolutions.com

Reviews by course attendees

          (5)
Victor Akakpo   |   17/03/2017
The course has been really good. I am so impressed with the organization of the course. The facilitator was so open to hear about our challenges and offer his expert suggestions on how we can better in our practices on financial management.
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