Integrated Financial Management System (IFMS)
SIL first implemented the IFMS for the Ministry of Finance of the Republic of Mauritius.
In general, the IFMS greatly improves the Finance Ministries control over funds release. From a management point of view, IFMS contains information that can be presented in a variety of different ways that will help governments to make informed decisions.
Benefits:
- From the accounting and control point of view, the system provides timely and reliable information which is useful for monitoring and evaluating the patterns of public expenditure
- It possesses in-built mechanisms for financial monitoring and control, thereby reducing overspending
- The IFMS system enables Offices, Ministries and Agencies to reconcile their accounts through real time data. It also enables the Ministry of Finance to close books on time allowing improved accountability to Parliament
- The system also allows Cabinet Ministers to hold their Accounting Officers to account for current expenditure performance, rather than historical records
- The IFMS has security features that make it difficult for staff members to manipulate the system
The Integrated Financial Management System was also implemented for the Ministry of Finance of the Republic of Namibia and for the Government of the Republic of Kenya.
Download the full SIL Government / Public Sector Brochure | PDF, 313 KB
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