The Integrated Financial Management Information System, often know known as IFMIS is an automated system that enhances transparency, accountability and efficiency in planning for budgeting, procurement, management of expenditure as well as reporting in the National and County Governments in Kenya.
It was realized that millions of shillings were being mismanaged both at the count government level as well as at the National government level due to poor planning, lack of procurement plans and misplaced priorities.
IFMIS was set up, therefore, with the central purpose to oversee the full implementation of a unified financial management system as well as overseeing its adoption both at the County Government level and the National Government level.
Since the initiation of IFMIS, there have been tremendous contributions to improving efficiency, transparency and accountability in all the government functions.
There is no doubt that IFMIS has improved efficiency and transparency by eliminating wastage and opportunities for corruption and therefore, freeing the taxpayer so that his money can be used to fund planned projects effectively.
Funds will no longer be wasted and mismanaged during procurement as IFMIS has improved the payment system to suppliers by introducing greater accountability as well as allowing cross referral between records at different stages of the procurement process. Through this system, suppliers will be able to receive payments more promptly and this will provide zero opportunities for tender rigging.
Gone are the days where justice was only for the mighty as IFMIS has made it easy in the dispensation of justice by allowing justice to be dispensed more rapidly through ensuring that records are never lost and can be seen simultaneously by more than one party.