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New financial management system aims to strengthen accountability, reporting and efficiency as rollout expands to government hospitals across Somaliland.

Araweelo News Network | Associated Online Agencies

 

 

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HARGEISA,  (ANN) — The Ministry of Finance and Economic Development of Somaliland has inaugurated the implementation of the Somaliland Financial Management Information System (SLFMIS) at Hargeisa General Hospital, as part of wider efforts to modernize public financial management across government institutions.
The inauguration ceremony, held at Hargeisa General Hospital, was attended by officials from the Ministry of Finance and Economic Development and the hospital’s administration.
Ministry officials said the SLFMIS is designed to strengthen financial management, accountability and transparency while making it easier for government institutions to manage revenues, expenditures and other financial operations.
According to officials, the system is expected to improve the efficiency and quality of financial services by providing more integrated and timely financial information and reporting.
The implementation at Hargeisa General Hospital is also part of a broader government plan to introduce the SLFMIS across government hospitals in the six major regions of Somaliland.
Integrated Financial Management
At Hargeisa General Hospital, the system will support the modern and integrated management of a range of financial and administrative activities, including:
Revenue management and collection
Budget management
Payments and expenditures
Procurement-related financial processes
Employee and payroll-related management
Financial reporting
Accounting and financial controls
The Ministry said the system will strengthen financial procedures and improve the tracking of financial activities, while enabling the hospital to obtain accurate, complete and timely financial information.
Business Process Re-engineering
Officials said particular attention was given during the preparation and implementation of the system to Business Process Re-engineering (BPR), financial data preparation and processing, staff training, and compliance with Public Financial Management (PFM) requirements.
The preparation and implementation process has taken approximately 25 months, according to officials involved in the project.
The objective is to establish at Hargeisa General Hospital a modern, efficient and reliable financial management system capable of supporting effective administration, financial accountability and improved institutional oversight.
The Ministry of Finance described the rollout as part of its continuing efforts to strengthen public financial management and expand the use of modern financial systems across government institutions.
Araweelo News Network | Associated Online Agencies
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Headline: Somaliland Finance Ministry Launches SLFMIS at Hargeisa General Hospital

Description: Somaliland’s Ministry of Finance has launched the SLFMIS at Hargeisa General Hospital to modernize financial management, reporting and accountability.
Focus Keywords: SLFMIS, Somaliland Financial Management Information System, Somaliland Ministry of Finance, Hargeisa General Hospital, public financial management, Somaliland government
Tags: Somaliland, Hargeisa, Hargeisa General Hospital, Ministry of Finance, SLFMIS, financial management, public finance, government hospitals, accountability, financial reporting, public financial management