Integrated Financial Management System (IFMS) is an IT-based budgeting and accounting system that manages spending, payment processing, budgeting, and reporting for governments and other entities. An IFMS bundles many essential financial management functions into one software suite.
An integrated financial management system is also known as an integrated financial management information system (IFMIS).

Key Features:-
• Enhanced management of cash, debt and liabilities
• Ability to use historical information to provide better budget modelling proces
• Reduced cost for financial transactions
• Increased decision-making efficiency