Public Financial Management System

i-PFMS

i-PFMS© Public Financial Management System

Streamline Government Fund Flow and Payment Processes with Advanced PFMS Integration

The Public Financial Management System (PFMS), formerly known as the Central Plan Schemes Monitoring System (CPSMS), is a robust web-based application developed by the Office of the Controller General of Accounts (CGA). Initially launched in 2009, PFMS was designed to track the flow of funds under various Central Sector Schemes of the Government of India and enable real-time expenditure reporting at all levels of program implementation.

In 2013, the system was significantly upgraded to enable direct benefit transfers (DBT) to beneficiaries under both Plan and Non-Plan schemes, reinforcing its objective of delivering transparent, real-time, and accountable public financial management.

Why Choose Our PFMS Integration Solution?

With a commitment to excellence and a focus on compliance, security, and automation, our PFMS product helps government agencies, financial institutions, and public sector bodies:

  • Accelerate fund disbursal timelines
  • Improve transparency in financial reporting
  • Prevent fund misuse and delays
  • Enhance operational efficiency through automation
  • Enable timely, policy-driven fund management decisions

Flow Diagram

Key Features

  • Agency Account and Beneficiary Account Validation
  • Real-time Transaction and Bank Balance Sharing
  • PPA (Print Payment Advice) File Handling
  • DSC (Digital Signature Certificate) Validation
  • Electronic Payment Advice (ePA) via Net-Banking or Branch
  • SNA/CNA/ZBSA Account Relation Management
  • Comprehensive Data Reconciliation & Integrity Checks
  • Interactive Dashboards for Branch Users and CPCs

Business Benefits

  • Fully Automated File Transfers Between Banks and PFMS
  • No Manual Intervention, Ensuring Speed and Accuracy
  • Secure Maker-Checker (4-Eye) Validation Process
  • Real-Time File Status Tracking and Fund Monitoring
  • Top-to-Bottom Fund Flow Transparency
  • Automated Float Detection for Fund Optimization
  • Multiple Payment Modes (Fund Transfer, NEFT, Aadhaar-based, ANYM)
  • Integrated REAT (Receipt, Expenditure, Advance, Transfer) Module
  • ePayments to Agencies and Vendors
  • Project Monitoring Based on Fund Usage
  • Digitally Signed Files for Enhanced Security
  • Masked Beneficiary Account Numbers for Privacy
  • Restricted Branch Access to Ensure Data Integrity
  • Extensive MIS Reports for Audit and Reconciliation
  • Pool Account Transaction Monitoring and Reconciliation
i-PFMS: Public Financial Management System
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