Integrated Financial Management System (IFMS) is a web-based solution used by the Department of Finance, Govt. of Punjab for monitoring Receipts and Expenditures in real-time.
It comprises of mainly 3 modules:
- Budget
- Expenditure
- Receipt
The Expenditure (eTreasury) module facilitates DDOs for the creation of bills and Treasuries for the passing of bills and payments thereafter. It also facilitates the management of Stamps, PLA, and EMD account at treasuries.
ACHIEVEMENT: eTreasury module successfully cleared bills of Rs. 800 Billion (~$13.6 Billion) in FY 2020-21, and is on pace to surpass this figure in the current financial year.