Best Public Financial Management (PFM) Systems
Public financial management (PFM) systems centralize all fiscal functions of a government agency. These platforms manage accounting, budgeting, treasury, and auditing tasks that concern public money. PFM systems are essential for efficient collection, management, and expenditure of finances within an economy, which ultimately leads to improved trust and quality of life for citizens. While each government operates under a different set of laws and processes, PFM systems help governments provide effective public services, allocate resources strategically, and ensure continued market growth. These platforms connect multiple data inputs from various departmental systems to ensure all funds and budgets are accounted for when assessing overall financial health.
While standard accounting software can help governments manage their fund accounting, PFM systems apply that data to the budgeting process to identify the best resource allocation plan. They help governments formulate and execute budgets, and ensure constant financial monitoring and reporting. Additionally, these tools can draw data from tax & revenue collection software to ensure tax rates and public spending are not inhibitive to overall economic growth. They are intelligent platforms that most experts consider essential to the effective financial management of public money.
To qualify for inclusion in the Public Financial Management (PFM) category, a product must:
Best Public Financial Management (PFM) Systems At A Glance
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- Overview
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ERP Pro, powered by Incode, is an integrated ERP system designed to improve financial and personnel management, streamline utility billing, and empower your citizens.
- Government Administration
- Utilities
- 63% Mid-Market
- 34% Small-Business
4,603 Twitter followers
- Overview
- Seller Details
OpenGov Budgeting & Planning is the only modern, full-featured cloud budgeting software designed to meet the unique needs of public sector planning and analysis. Trusted by hundreds of forward-th
- 100% Mid-Market
4,485 Twitter followers
- Overview
- Seller Details
Pro Fund Accounting is a fund accounting tool designed for effective top-to-bottom financial management for municipal governments and nonprofits. From basic fund accounting features like General Ledg
- 100% Small-Business
6 Twitter followers
- Overview
- Seller Details
Redefine how mission and technology intersect.
- Government Administration
- 47% Enterprise
- 32% Mid-Market
584,078 Twitter followers
- Overview
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Logics is a utility billing and financial solutions software company.
- 100% Small-Business
- Overview
- Pros and Cons
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Accela is a foundation of powerful, trusted and secure cloud solutions designed to fit government agencies of all sizes.
- 38% Mid-Market
- 38% Small-Business
2,657 Twitter followers
- Overview
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Harris Accounting +Plus software suite is designed specifically to meet these needs and help you get your job done quicker than ever.
- Overview
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CenterPoint Fund Accounting software can be locally installed or cloud-based, and is ideal for municipals with small to medium size populations looking to save significant money while still retaining
673 Twitter followers
- Overview
- Seller Details
CentralSquare Citizen Engagement encourages community involvement through an interactive and intuitive cloud-based platform that delivers easy self-service options.
- 100% Mid-Market
735 Twitter followers
- Overview
- Seller Details
Century Software (M) Sdn Bhd was incorporated in 1997 and provides state-of-the-art financial management and business solutions to government agencies.
- Overview
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ClearGov offers easy-to-understand profiles on thousands of local govs
12,010 Twitter followers
- Overview
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DIGIT is Open Source and has been built using the best in class Open Source technology stacks powering the most advanced companies in the world. DIGIT is able to provide the lowest total cost of owner
- Overview
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With over 22,000+ global customers and 2,700 employees, we provide business software that makes a real difference. Our Enterprise Resource Planning (ERP), People Management and vertical market softwar
556 Twitter followers
- Overview
- Seller Details
The FreeBalance Accountability Suite is the only public financial management (PFM) solution designed exclusively for government.
- Overview
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PULSE is our business process management BPM platform designed specifically for local & state government.
