THREE TOP TIPS: Supporting government efforts for improved spend management
South African municipalities and other public service entities are under immense pressure to contain costs and enhance their spend management capabilities. The latest report by South African Auditor-General Kimi Makwetu paints a bleak picture of immense challenges within public sector finances. In his report, the Auditor-General found that the majority of municipalities struggled with irregular expenditure and that, despite spending billions on consultants, the outcomes barely changed. He added that proper financial controls can help municipalities during hard times, but the continued slippage in controls currently experienced would end up with bankruptcy.
For municipal finance managers looking to improve their spend management capabilities in 2020, Download the info sheet from SAP Concur containing three top tips.