September 5, 2025
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Public financial management modernisation enables AI enabled next generation IFMS to integrate budgeting, payments and real time oversight.
The Odisha government engaged Tata Consultancy Services to implement IFMS 3.0, unifying budgeting, payments, receipts and accounts into a single platform supporting budgeting, expenditure, revenue and accounts management, with architectural enhancements for streamlined processes, improved data precision, and real time monitoring and reporting. IFMS 3.0 integrates an open source AI Workbench for AI/ML model development, monitoring and retraining, applying analytics, machine learning and a multilingual chatbot to automate service desks, address FAQs, and provide AI assisted insights for programme monitoring and accelerated reporting.