Financial management model – revised and updated

Transform the financial health of your organisation

The CIPFA Financial Management (FM) Model is an online diagnostic toolkit for assessing the financial management of your public sector organisation. A new update, FM Model version 4, has been totally overhauled in 2016 for a new public sector and revised for a more user-friendly experience.

With reducing resources, but increasing pressure to deliver services, effective financial management has never been more important for public sector organisations. The FM Model can be tailored to focus on a particular aspect of financial management that you wish to improve, or conduct a full review of your whole organisation's financial management. 

Revised for the new public sector, refreshed to be more user-friendly

The FM Model will help your organisation identify or substantiate weaknesses (as well as confirm strengths) within your organisation's financial management – and help develop and implement a target-driven plan allowing progress to be closely tracked and monitored. So if you are seeking to improve the performance or the financial management of your organisation then FM Model version 4 should be central to your plans.

What's new with FM Model version 4?

NEW FM Model Flyer front cover

The FM Model has been totally updated by:

  • updating the framework to reflect today's public sector. The very latest developments and opportunities such as business partnering, increasing commercial focus, governance, procurement and the role of the CFO in the organisation have been incorporated in the benchmarking and best practice framework
  • refreshing the functionality of the online diagnostic and user experience. It is now slimmed down, paperless, faster to complete, more intuitive and is a seamless self-assessment experience.

Features and benefits

wide range of organisations in local government, central government and beyond have used the well-established FM Model over the years to help with their financial management. Find out what our users think. The new version helps with:

  • sound decision-making and accountability 
  • improved understanding of finances
  • enabling businesses of all kinds to manage their risks
  • an assessment of overall financial management capability 
  • providing the finance function with focus  
  • identifying cost-cutting opportunities and efficiency gains, by accurately pinpointing weaknesses and acknowledging strengths.

Read more on the full features and benefits.

Start the journey to transforming your financial health  

  • Contact our FM Model team on T: +44 (0)207 543 5600
  • Email us at E:

Buy the FM Model 

Purchase the Financial Management Model online