Integrated Financial Management Information System (IFMIS) refers to the automation of public financial management (PFM) processes, that involved budget preparation and execution to accounting and reporting, with the help of an integrated system for financial management of line ministries, spending agencies and other public sector operations. Core IFMIS system also integrates with other information systems, such as human resources, payroll & pension, e-procurement and revenue (tax and customs).
The scope of an IFMIS can vary from Government to Government to include simple General Ledger System to a comprehensive system covering Budgeting, Revenue Accounting, Expenditure Control, Debt Management, Resource Management, Human Capital Management, Payroll processing, Accounting, Financial Reporting and Auditing processes across central government or even including local government and quasi-governmental agencies.
