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PFM Smart Systems successfully conducted the As-Is and To-Be Business Processes Validation Workshop in Thimphu, Bhutan, bringing together representatives from the Royal Government of Bhutan, key government agencies, and the Joint Venture team comprising NGN, LINPICO, and PFM Smart Systems.
The workshop focused on establishing a shared understanding of the current financial management processes, identifying operational gaps, and validating the proposed future-state business processes to ensure the new Integrated Financial Management Information System aligns with international best practices.
Participants reviewed and validated business processes covering Budget Management, Cash Management, Commitment Management, Invoice Submission, Expenditure Management, Payroll Management, Treasury and Payment Management, and the General Ledger and Chart of Accounts, laying a strong foundation for the successful implementation of the IFMIS project.
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The Federal Government of Somalia’s Ministry of Finance participated in the Peer-to-Peer Learning Event: Somalia–Lebanon Exchange on PFM Digitalization and IFMIS Implementation, held in Lebanon from 28 to 31 July 2026.
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The Ministry of Health and Human Services (MOH), Federal Government of Somalia, with support from UNICEF, is implementing a Financial Management Information System (FMIS) for donor-funded projects with the objective of strengthening financial governance, enhancing transparency, improving accountability, and modernizing financial management operations across health sector programs.

PFM Smart Systems joins a joint venture awarded to design, develop, implement, and support a new IFMIS for Bhutan's Department of Treasury & Accounts, replacing legacy systems with a unified digital platform.
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