Integrated Financial Management System (IFMS) is one of the prestigious Projects of Government of Kerala undertaken by Finance Department and Treasury Department. IFMS Kerala has been conceived in-line with the Modernization of Treasury Systems, which is one of the MMPs of Government of India. IFMS envisages end-to-end integration system among various stakeholders such as Finance Department, Treasury Department, Administrative and Line Departments, Accountant General, RBI and Banks.
The following are the major Application modules in the IFMS Project
NIC Kerala has developed and implemented various Application Modules in the IFMS Project. As part of the IFMS project, smooth and successful integration has been achieved with various stakeholder Applications such as SPARK (HR Management System), EMLI (Effective Management of LoC Issuances), GAINPF (Government Aided Institution’s PF), Billing System of Local Self Government Institutions, VLC System of Accountant General, e-Kuber of RBI, PlanSpace of State Planning Board, PFMS, Jeevan Pramaan, LIC, SLI, PLI etc.
Integrated Financial Management System (IFMS) is one of the prestigious Projects of Government of Kerala undertaken by Finance Department and Treasury Department. IFMS Kerala has been conceived in-line with the Modernization of Treasury Systems, which is one of the MMPs of Government of India. IFMS envisages end-to-end integration system among various stakeholders such as Finance Department, Treasury Department, Administrative and Line Departments, Accountant General, RBI and Banks.
Treasury Savings Bank (TSB) is a unique savings bank system of Government of Kerala. The TSB has various types of Accounts such as Savings Bank Accounts, Pensioner’s Savings Account, Treasury Fixed Deposit, Treasury Security Accounts, Treasury Public Accounts etc. Government Officials, Pensioners, Institutions and Public can open and operate Treasury Savings Bank Accounts.
NIC Kerala has developed a Core Banking Solution (CBS) for Treasury Savings Bank (TSB), which enables Customers to operate their accounts and avail banking services from any branch of the Treasuries in Kerala. All the 222 Treasury branches have been enabled under CBS network. The CBS for TSB is one of major modules of IFMS Project.
As part of the IFMS, Government of Kerala has enabled online submission of Salary bills of Government employees and vendor payment bills for contractors and various beneficiaries. Salary and Pension payments are credited to either Treasury Savings Bank Accounts or Bank Accounts. The vendor payments can be credited to their bank accounts in any Nationalized Banks in India. This has been achieved with the successful integration of e-Kuber of RBI. Government of Kerala has already enabled e-Treasury for any remittance to Government through e-Payment gateway. This has also been integrated with e-Kuber of RBI for automatic reconciliation of accounts.