Project : Finance Department Portal, Telangana

User Department(s):

Finance Department

Project Brief:

The Finance Department, Government of Telangana has implemented several IT initiatives to facilitate and ease its day to day operations, the department introduced web-based e-Tools to ensure effective financial management, discipline, transparency and stakeholder participation in the State Government, which was facilitated by Centre for Good Governance (CGG), Hyderabad.

The initiatives began with a modular method, which includes Budget Management, effective monitoring of ways and means position, real-time decision support system, revenue and expenditure trend analysis and projections etc. Accurate MIS reports are provided to DDO’s/ S.E’s/ C.E’s/Secretaries, Finance Department, Directorate of Works Accounts, Finance (W&P) Department.

Benefits/uses of the application:

• Accurate figures of pending bills for a timely decision on the authorization of bills.
• Time-saving for Pay and Accounts Offices (PAOs)
• Reports on payment vouchers for submission to Accountant General and Drawing and Disbursing Officers (DDOs)
• More accurate estimation of proposals
• Improved budget utilization
• Management of ways and means has become easy
• Pressure on the staff has come down because of FIFO (First-in, First-Out) method
• Need for visiting Financial Department by the concern department staff is reduced. Curtailing departments parking of funds in banks
• Decision-making has become easy for releases
• Aids decision making for just in time releases and gradual reduction in the parking of funds
• Balance under Contingency Fund (CF) is dynamic
• Available to all departments Receipts & Expenditure details mainly done through Treasuries
   

Link to the website/application:
http://finance.telangana.gov.in/FirstPage.do