scholarly journals Integrated Financial Management Information System: a conceptual framework for Migori County, Kenya

2017 ◽  
Vol 6 (1) ◽  
pp. 37-45
Author(s):  
Otieno Okello Jared ◽  
Stephen Migiro ◽  
Emmanuel Mutambara
Keyword(s):  
Information System ◽  
Technology Acceptance ◽  
Management Information System ◽  
Financial Management ◽  
Public Expenditure ◽  
Modern World ◽  
Key Factors ◽  
Management Information ◽  
The Public ◽  
Public Expenditure Management

In the modern world, developing countries like Kenya, Tanzania, Ethiopia and several others in the African continent have been encouraged to reform their public expenditure management systems through computerization of the entire public sectors in response to the increasing volume of data or information that need to be processed. There are, however, various factors to be considered prior to the implementation of the public expenditure management information systems. This paper undertakes a theoretical review of the critical success factors that impact on the implementation of an Integrated Financial Management Information System (IFMIS) with a view to identify factors applicable to the Migori County of Kenya. The paper, then, identifies the key factors to be incorporated in the proposed IFMS framework. The proposed framework draws from the Technology Acceptance Model (TAM), Innovation Diffusion Theory (IDT) and the Work Around Theory (WAT). The paper fuses these theories towards a successful adoption of use of modern technology within the public sector IFMS. The key factors include technical, organizational, environmental, cultural and ethical behavior. These factors could improve efficiency and transparency through direct payments to suppliers and contractors, reduced prices due to gains based on the time value of money, as well as the comparative analysis of market rates and advanced relations across the numerous organizational units within government on execution, reporting, and thoroughness of budget transactions.

The Effectiveness of Integrated Financial Management Information System in Selected Government Ministries in Kenya: A Theoretical Review

2019 ◽  
Vol 3 (V) ◽  
pp. 1-11
Author(s):  
Waweru Simon Macharia ◽  
Ngaba Dominic
Keyword(s):  
Information System ◽  
Technology Acceptance ◽  
Technology Acceptance Model ◽  
Management Information System ◽  
Financial Management ◽  
Cost Reduction ◽  
Theoretical Models ◽  
Management Information ◽  
Acceptance Model ◽  
The Cost

The modern day challenge of organizations is to have in place information technology systems that can effectively service the needs of the organization, meet the rapid technological changes and be flexible to accommodate enhancements. The Integrated Financial Management Information System (IFMIS) is designed to improve systems for financial data recording, tracking and information management. This was in response to increasing demands for greater transparency and accountability in the management of the public’s finances. However, the management of public finance has continued to be dogged with corruption allegation, outright mismanagement, malpractices in the procurement processes, among others. This study seeks to determine the effectiveness of IFMIS in selected government ministries in Kenya. The objectives of the study are to determine the effect of IFMIS on the processing of accounting transactions, establish the extent to which IFMIS has enhanced the procurement process, assess the extent to which IFMIS has enhanced the production of financial records for preparation of annual accounts and to find out whether IFMIS has enhanced the budget processes in government ministries in Kenya. This study will rely on theoretical models that provide a foundation for the research topic. Specifically, this study rely on Technology Acceptance model, Theory of Budgeting and the Cost reduction theory. The study reviews empirical evidence from which conclusions are drawn.

Integrated Financial Management Information System Implementation on Financial Performance in Trans Nzoia County, Kenya

2021 ◽  
Vol 3 (2) ◽  
pp. 51-64
Author(s):  
Kirato Wanjalah Wanyonyi ◽  
Joseph Theuri
Keyword(s):  
Information System ◽  
Financial Performance ◽  
Management Information System ◽  
Financial Management ◽  
System Implementation ◽  
Management Information ◽  
Public Officials ◽  
The Public ◽  
In Trans ◽  
The Impact

Public Finance Management Systems are generally used in the management of finance in the public sector. Although government is not necessarily a profit-making enterprise, sound financial performance is crucial to ensure the right services are rendered to the citizens as is required. Contextual investigations of progressively effective nations demonstrate that variables supporting fruitful execution of financial performance goals emanate from the significant specialists to budgetary change goals. The general objectives of this study was to assess the impact of integrated financial management information system implementation on financial performance in Trans Nzoia county, Kenya The specific objectives were; to establish the effect of IFMIS implementation on financial performance in Trans Nzoia County, to examine the benefits realised from IFMIS implementation on financial performance in Trans Nzoia County, to determine the challenges faced in the IFMIS implementation on financial performance in Trans Nzoia County and to investigate the level of awareness and satisfaction of the public about the IFMIS Implementation on financial performance in Trans Nzoia County. The study is anchored on technology acceptance Model, theory of budgeting and cost reduction theory. Data was examined by descriptive statistics such as mean, mode and median. The study also used inferential statistics such as regression and Pearson’s correlation coefficient. The results were statistically presented in forms of frequency distribution tables, charts and bar graphs. The SPSS (version 17) computer software was employed for analyzing data. The study found IFMIS to a great extent, is applied in Trans Nzoia County and there is huge enhancement for duty control and decreased change between spending arrangement and discharges. The greater part of the destinations of IFMIS have been accomplished including upgrading straightforwardness and responsibility, improving public use the executives, encouraging monetary control and limiting dangers. It was uncovered that, through IFMIS, Trans Nzoia County has had the option to build up useful institutional courses of action, create legitimate and administrative system, guarantee rivalry in offering and bolster inward control and responsibility control. The study concluded that there is in this way need to have limit assembling and improved terms of administration for public officials. The utilization of universal measures and strategies in macroeconomic examination, planning, bookkeeping, obtainment, and review requires talented staff that can apply new techniques in proficient way. Presentation of IFMIS and other mechanized framework requires explicit aptitudes and preparing for public officials.

ICT risk for government financial management information system

2010 ◽  
Vol 7 (2) ◽  
pp. 101 ◽  
Author(s):  
Kongkiti Phusavat ◽  
Pornthep Anussornnitisarn ◽  
Rosemarin Sukhasem ◽  
Bordin Rassameethes ◽  
Binshan Lin
Keyword(s):  
Information System ◽  
Management Information System ◽  
Financial Management ◽  
Management Information
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