Abstract: A Cloud-Integrated Framework for Efficient Government Financial Management and Unclaimed Asset Recovery abstract. The allocation and usage of government resources have always been a concern for citizens and practitioners. Over the years, various tools and frameworks have been developed to facilitate good government resource management. More recently governments have acquired and created data and information that can be used to analyze spending patterns and reveal hidden treasures such as unclaimed properties, abandoned warehouse sales, and unused accounts, which helps with efficient resource allocation. Additionally, governments can make use of new technologies, including data mining, data management, and cloud computing, to manage and monetize their data pool. This paper presents a framework that integrates various technologies and methods such as a data warehouse, cloud computing, interactive visualization, and data mining techniques to develop an information system that can be implemented by governments to facilitate financial management. Efficient and effective government financial management can direct resources toward projects that support growth and create welfare for citizens. In a world where every activity generates a digital asset, governments have access to and already possess a pool of data that offer opportunity to make more effective government decisions. This paper presents a cloud-integrated framework that combines new data management technologies, including a government cloud, interactive visualization, and data mining techniques, and creates an effective set of services, and presents a solution to the problem of inefficient government financial management. The proposed framework is applied to assist governments in monetary allocation decisions and provides a decision support system for both citizens and government decision makers. Through the proposed framework, governments can track where funds are employed within their organization and compare borrowed funds with allocated budgets, thereby enabling independent researchers to analyze how effectively specific funds are employed. This leads to the proposal of a service that could be designed on top of the framework to do unclaimed property analysis for citizens.
Keywords: Cloud Integration, Government Financial Management, Unclaimed Asset Recovery, Digital Framework, Public Sector Efficiency, Data Analytics, Asset Tracking, Financial Transparency, Cloud Computing, Fiscal Oversight, E-Governance, Automated Reconciliation, Real-Time Data Access, Centralized Systems, Financial Automation, Digital Transformation, Government Accountability, Recovery Systems, Public Resource Optimization, Cloud Infrastructure, Interagency Collaboration, Secure Data Storage, Digital Finance, Policy Enforcement, Intelligent Monitoring.
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DOI:
10.17148/IJARCCE.2021.101277
