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Integrated Finance Management System

RAJASTHAN

Solution for Government Internal Functioning

Finance Management System

Published By: NIC

IFMS 3.0, the latest iteration of the Integrated Financial Management System implemented by the Government of Rajasthan, represents a significant advancement in managing public finance. Designed to address the limitations of its predecessor, IFMS 2.0, this version leverages modern open-source technology and a microservices architecture, allowing for greater flexibility and scalability.

Project Details

Brief Background

The Government of Rajasthan (GoR) is utilizing the Integrated Financial Management System Version 2.0 (IFMS 2.0) to oversee critical public finance functions, including budget planning, preparation, execution, accounting, and reporting. Originally conceived in the Financial Year 2010-11 by the Finance Department to address the limitations of previous offline systems related to budget and treasury functions, IFMS underwent a significant revamp in 2015. This enhancement incorporated technical upgrades and additional functionalities, allowing the system to evolve continually.
 
The modules of IFMS 2.0 were developed over a decade using various technology stacks, resulting in an architecture that presents several challenges in integrating new features and improvements. Key issues in the current environment include:
 
The need for multiple logins to access disparate systems, even for a single transaction.
Ad-hoc changes, bug fixes, and code deployments occurring without proper documentation or impact analysis.
The lack of dedicated staging, testing, and training environments.
The absence of a centralized data repository for the Finance Department to gain a comprehensive, integrated, and real-time view of critical information (refer to Section 3 for a detailed list of issues in IFMS 2.0).
To overcome these limitations, IFMS 3.0 has been conceptualized to build the system on a new technology stack using microservices, aligned with re-engineered processes approved by the Finance Department, Government of Rajasthan. This transition will also necessitate data migration from IFMS 2.0 to IFMS 3.0.

Objective

IFMS 3.0 has been conceptualized to build the system on a new technology stack using microservices, aligned with re-engineered processes approved by the Finance Department, Government of Rajasthan. This transition will also necessitate data migration from IFMS 2.0 to IFMS 3.0.

Benefits

Enhanced User Experience: Improved interface and usability for all stakeholders involved in financial management.
Modular Structure: The system comprises various modules, including Budget Management, Treasury Management, Employee Management, Pension Management, and Work Account Management (WAM), each tailored to specific financial functions.
Data Migration: A streamlined process for transferring data from IFMS 2.0 to ensure continuity and integrity.
Re-engineered Processes: Updated workflows that align with the latest best practices in public finance management.
Overall, IFMS 3.0 aims to optimize financial operations, improve transparency, and enhance accountability within the government's financial management framework.

Implementation Methodology

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Implementing Agency Details

Name of implement agency

National Infrmatics Center

Name of Representative of Agency

Shri Jitendra Kumar Verma

Representative Agency Email

sioraj@nic.in

Representative Agency Phone / Mobile

Technology Details

  • Front-end
  • Backend
  • Middleware
  • Analytics details
  • Emerging Technologies
  • Hosting Sizing Details
  • Availability on Mobile

Angular

Oracle

Java Halidon

GitHub / OpenForge Link

Gitlab

Additional information

Additional Image

Technology Architecture

Additional Image

Contact Details

I D Variyani, Sr Director (IT), Finance Department of Rajasthan State

id.variyani@nic.in

9829933865