Financial management system

Overview
Financial management systems are

{{Quote|applications that perform financial management functions and include both manual and automated systems for program and administrative financial management. Financial management applications are used to collect, record, classify, analyze, and report data for financial decision making. These applications process, control, and account for financial transactions and resources, and are used for auditing, formulating and executing budgets.

Source

 * U.S. Department of Agriculture, Financial Management Systems (Nov. 30, 2005) (full-text).