Odisha Partners with TCS to Launch AI-Driven Integrated Financial Management System 3.0

Odisha Government Partners with TCS for AI-Enabled Financial Management

The Odisha government has chosen Tata Consultancy Services (TCS) to develop and deploy the next generation of its Integrated Financial Management System (IFMS 3.0). This new platform will automate the state's public finance workflows, advancing Odisha’s ongoing digital transformation efforts.

TCS has maintained a long-standing relationship with the Odisha government since 2005. The journey began with the Odisha Treasury Management System and progressed through IFMS and IFMS 2.0, culminating in the latest iteration, IFMS 3.0.

What IFMS 3.0 Brings to the Table

IFMS 3.0 is designed as an AI-enabled system that integrates budgeting, payments, receipts, and accounting into a unified platform. This consolidation creates a single source of truth, improving accuracy and efficiency across financial operations.

Key features include:

• Automation of comprehensive public finance workflows
• Real-time financial visibility for government officials
• AI Workbench integration to support machine learning projects including model development and monitoring
• Multi-lingual chatbot for user support that handles FAQs and automates service desk tasks
• Enhanced data-driven decision-making capabilities

Benefits for Financial and Management Professionals

For managers overseeing public finance, IFMS 3.0 offers a future-ready architecture that provides timely insights and accelerates reporting. This enables confident, data-backed decisions and helps track program performance in real time.

Girish Ramachandran, President - Growth Markets and Public Services at TCS, highlighted that the platform’s real-time visibility and precision will empower Odisha to deliver public services more effectively.

Tej Paul Bhatla, Senior Vice President and Head Government Business, India at TCS, emphasized the system's ability to unify diverse financial processes and provide AI-assisted insights through intuitive workflows, enhancing the efficiency of financial management.

AI Workbench: Supporting Smarter Operations

The AI Workbench integrated within IFMS 3.0 is an open-source solution crafted to assist AI and machine learning initiatives. It supports continuous model development, monitoring, and retraining, ensuring the system adapts and improves over time. This capability enhances operational processes and helps embed analytics deeper into financial management tasks.

Additionally, the multi-lingual chatbot improves user experience by addressing routine queries and automating functional tasks, reducing manual intervention and streamlining support.

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