Lessons from Reforming Financial Management Information Systems : A Review of the Evidence
Financial management information systems are a sine qua non in public financial management and play a foundational role in the execution of the budget. Recognizing their potential contribution to fiscal discipline, the strategic allocation of resou...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/504361516629959446/Lessons-from-reforming-financial-management-information-systems-a-review-of-the-evidence http://hdl.handle.net/10986/29222 |
| Summary: | Financial management information systems
are a sine qua non in public financial management and play a
foundational role in the execution of the budget.
Recognizing their potential contribution to fiscal
discipline, the strategic allocation of resources, and
operational efficiency, significant time and resources have
been invested by the World Bank and other development
institutions into such systems across the world. However,
the reform of financial management information systems tends
to be complex, and the evidence base of causal effects and
mechanisms is thin. This study develops a framework that
outlines the various steps involved in reform that
illustrate how change is expected to happen. Three major
dimensions were identified: (1) diagnostic phase, (2)
systems development lifecycle, and (3) coverage and
utilization. The paper argues that reaching the financial
management information systems production frontier requires
optimization across these dimensions, and that a
programmatically coherent approach is required to realize
fully the expected improvements in budget management. The
study identifies a set of lessons on the various stages that
are mapped against the framework by triangulating findings
from a systematic review of the financial management
information systems literature, field-based project-level
evaluations and protocol based case studies, and a
comprehensive desk review of the World Bank financial
management information systems project documentation. |
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