New financial system to reduce paper work in Treasuries

STAFF REPORTER

ERODE, SEPTEMBER 28, 2018 00:00 IST


The new system is implemented at a cost of Rs. 288.91 crore over a five year period

Principal Secretary and Commissioner of Treasuries and Accounts Tenkasi S. Jawahar has said that implementation of the Integrated Financial and Human Resource Management System (IFHRMS) in the State will enable the Commissionerate to go paperless, thus reducing the cost of paper and staff workload.

Addressing 2,500 government employees at a sensitisation conference here on Wednesday on the new system being implemented at a cost of Rs. 288.91 crore over a five year period, he said that the path-breaking system is for streamlining treasury operations in the State upon which

As many as 29,000 Drawing and Disbursing Officers (DDOs) of the State government and officials in New Delhi will be able to submit the bills to the treasury online without any-time restrictions.

The DDOs need not carry the bills to the treasury and for ascertaining its status as the bills can be tracked online and credited to the beneficiary’s account, thus ensuring greater transparency and convenience. Currently, on an average, a bill is settled in six to ten days from the date of presentation at the Treasury.

Under the new system, where payments are routed through the RBI’s e-kuber facility, bills will be able to be settled on the same day. He said that the system requires minimal human interface thus reducing the possibilities of errors and manipulations.

He said that the system enables the digitisation of the Service Registers (SRs) of about nine lakh State government employees, thus converting the bulky physical Service Registers into e-SRs. This new system is expected to be rolled out by November 2018, he added.

Collector C. Kathiravan was also present.