The World Bank
Government cash management can be defined as “having the right amount of money in the right place and time to meet the government’s obligations in the most cost-effective way”. Despite the clarity of this definition and the multiple references in the IMF-WB Guidelines, the exact perimeter of government cash management is not always consensual: “from the perspective of budget policy or management, it is an internal government function - ensuring that cash flows to where it is needed without wastage or idling. But to debt managers and central banks it is about the impact and management of the government’s cash flows in the financial sector”.
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Many state and local governments got their first practical experience with the technology during the pandemic as they turned to intelligent agents to cope with overwhelming public demand for information and services. Now, adoption of AI is increasing, with more than 50% of states and nearly 40% of cities and counties saying they’ll expand their use of AI and machine learning over the next 12 to 18 months.
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fortinet
State government, local government, and education institutions alike are prime targets for cyber criminals in search of highly valuable taxpayer and student data. Gain critical insights into this global threat landscape and understand how to safeguard organizations like yours from becoming the next breach headline.
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Do you struggle to hire and retain investment accountants and treasury professionals? You're not alone. Governments across the country have cited staff shortages as one of the biggest challenges coming out of the pandemic. To combat workforce fatigue and make open positions more attractive, officials are looking at ways to bring more efficiency to their investment operations teams.
Enter investment accounting and reporting technology. Closing the books on a month of financial activity shouldn’t take weeks, but it's the reality for many accountants in government. With the right tools in place to increase efficiency and reduce the burden on their teams, governments can have more success in both retaining the accountants they have and competing for new talent in the market.
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