IFMIS is an Android application that helps to modernize the financial management information system of the Government of Telangana in India. There are financial accounting, budgeting, procurement, control, and reporting options.
Financial Accounting
The application allows you to register income, expenses, calculations, payments, and other financial transactions. You can track their status and history by a unique identifier. There is a classification system for various categories such as budget allocation, programs, projects, etc. It helps the government to assess how resources are allocated.
IFMIS provides the ability to monitor financial transactions in real time. The app allows the government to control compliance with budgetary obligations. It is possible to check the correctness of operations and adherence to the law.
The utility can automatically generate various financial reports. There is an option to search for files by periods, such as daily, monthly, quarterly, and yearly. Also, this platform allows you to view information about income, expenses, balances, liabilities, and other indicators.
Budgeting
It is possible to develop budget plans, manage finances and monitor the performance of duties. The platform has the option to allocate funds to different sectors and programs. It can contributes to the efficient use of resources.
Features
- users can register and monitor financial transactions;
- the utility allows you to develop budget plans;
- there is a search for reports by period, just like in KBC;
- app is free to download and use;
- compatible with current Android versions.
