Comprehensive Financial Management System (CFMS), Government of Bihar #educratsweb

Comprehensive Financial Management System (CFMS), Government of Bihar

Comprehensive Financial Management System (CFMS), Government of Bihar

CFMS- Overview

Monitoring & Controlling
• Dashboards with real time updates about Revenue and Expenditure
• Tracking of budget, grant, expenditure details at various levels
• Tracking of pending bills/claims for approval
• Central database maintaining Pensioners, Employees, Beneficiaries Cyber treasury for e-Payment

Performance
• Data entry at source only which would be utilized subsequently •Automated consolidation and aggregation of data
• Automated Validation and Reconciliation
• Online Generation of Budget Publications and State Accounts
• Electronic Pension and Payment generation
• Online Bill processing and ECS Payment to Beneficiary

Accuracy
• Robust validation engine for checking critical business rules for Accounting, Pension, Payments, Budget Management and Control
• Check for Duplication in financial Transaction to avoid dual posting
• Interfacing with external systems and integration within modules data re-entry and increase of data consistency at various level

CFMS -Benefits to State Govt.

  • Effective and efficient monitoring and control of state revenue and expenditure
  • o   By efficient management of funds
  • o   By monitoring and controlling government liabilities
  • o   By monitoring ways and means position Real time financial position of state finances by On-line updation and consolidation of Receipts & Payments
  • Automated Consolidation and aggregation of data hence more time for value added analysis Faster turn-around of treasury transactions
  • Maintain a transparent and consistent view of all the treasuries across the state Automated accounts generation of the state Interfacing with Banks, AG Office, Tax System for consistence view Facilitate the DDOs track their budget allotment, payments and expenses Public/Employee Benefits - Pension/Bill/Challan search etc. Real time MIS for decision making
  • Single sign on through Portal
  • Workflow automation
  • Comprehensive bi-lingual (Unicode based) web-based solution
  • Integrated solution offering a Single Window Interface across various functions viz. FD,
  • Budget, Treasuries, sub treasuries, DDO, PPO with due exchange of data with external
  • entities like AGO, RBI, Banks, and other Government departments and offering single
  • access point to CFMS users
  • Cross-module validation and verification
  • Context sensitive helps and guided workflows require little or no training to new employees
  • One time data capture/entry at source only
  • Rationalization of financial resources
  • Online Bill processing helps state government employees and citizens to track various bills
  • submitted and hence to know the bill progress and status
  • Easy analysis / prioritization of bills by amount and type of bill
  • Robust history / tracking of bills
  • Increased efficiency - Executives enabled to spend more quality time on main business
  • than on less efficient work
  • Effective and improved delivery of services to citizens
  • Better transparency and accountability
  • State Financial Dashboard
  • Increased coordination and cohesiveness within finance department
  • On-line / Real Time updates of Receipt and Payment
  • Consolidated accounts under varying organizational structure
  • Enhanced and uniform MIS/DSS
  • o   Top N Analysis Reports
  • o   State, Department, Treasury, DDO profiles
  • o   Bill Reports
  • o   Online registers generation for Treasury and pension office.

CFMS Training Manuals

Links available for OFFICIAL USE ONLY to access relevant documents:

 1. Bihar CFMS - Budget Preparation Manual      
 2. Bihar CFMS - Deposit Training Manual      
 3. Bihar CFMS - e-Billing Training Manual    
 4. Bihar CFMS - Employee & Pay Bill Training Manual    
 5. Bihar CFMS - Payee Management Training Manual    
 6. Bihar CFMS - Training Manual on Budget Allotment    
 7. Bihar CFMS - Training Manual on System Admin Module    
 8. Bihar CFMS - Treasury Bill Processing Manual    
9.Bihar CFMS - Budget Allotment Module

10. Power Point Presentation - 11 Slides (with Audio)

Bihar CFMS - Expenditure Management - e-Billing Module

Power Point Presentation - 13 Slides (with Audio)

Bihar CFMS - Video Presentation

For more information about CFMS visit official website of Finance Department, Govt of Bihar http://finance.bih.nic.in/

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