Ministry of Finance Development

SLFMIS

Somaliland Financial Management Information System

The Somaliland Financial Management Information System (SLFMIS) is a bespoke integrated suite of financial management modules whose objective is to provide a modern software platform that enables the automation of the PFM cycle from budgeting through expenditure and accounting, to reporting, with adequate accountability and oversight on the utilization of public finances.

Ever since the commencement of the SLFMIS implementation of the SLFMIS in 2017 it has been vertically and horizontally deepened in a phased approach, with the following key modules so far implemented:

Key Modules Implemented

Budgeting for budget preparation and control
Purchasing for management of procurements through requisitioning and purchase order processing
For management of Government stores
Expenditure for processing of payment to suppliers and employee expenses
Payroll module for processing and management of the public service payroll; Currently the public service payroll of 32,000 employees is processed through the payroll module
Revenue for collection and management of tax and non-tax revenue
Treasury Management for payment disbursements and checking
Financial Reporting for statutory, management and donor reporting and compliance with IPSAS
Fixed Assets which is used to capture fixed assets details; and
Debt Management used for recording and tracking the repayment of domestic arrears

The SLFMIS was piloted and has so far been rolled out to 59 MDAs and 15 regions.

Current and Expected Benefits

The following are the current and expected benefits of the SLFMIS to the Government of Somaliland

Accuracy and efficiency of transaction processing
Improved transparency and accountability on collection and utilization of public funds
Efficient domestic revenue collection and reporting
Expected reduction in costs of information capture and storage through paperless transaction processing
Accurate and timely financial reporting for decision making
Increased budget discipline for government spending
Reduction and eventual elimination of domestic arrears through commitment control and therefore improved public confidence in Government
Improved cash management to be achieved through Treasury Single Account
Improved cash forecasting
Improvement of Government image to attract Foreign Direct Investments and more donor funding
Improvement of standard of life for Somaliland citizens; and
Improved health safety against COVID-19 to be realized from the paperless transaction processing