NAIROBI, Kenya
Treasury has launched the Integrated Financial Management Information System (IFMIS) strategic plan covering the period 2013-2018. The Treasury Cabinet Secretary Henry Rotich said the department would steer a vibrant Public Financial Management system for economic growth and development.
“The IFMIS Strategic plan (2013-2018) has come when the country has ushered in county governments…the strategic plan will be a roadmap outlining the key processes, human and financial resource requirements and priorities necessary to achieve the set objectives,” said Rotich.
The IFMIS system was first rolled out to government ministries in 2003 and to the county governments in 2013. It was re-engineered in 2011 to adopt a full cycle end-to-end processes approach.
“I am pleased to report that in just three years after re-engineering, the National Treasury has implemented six accounting modules; General Ledger, Accounts Receivable, Purchase Order, Fixed Assets, Cash Management and Accounts Payable,” said Jerome Ochieng, the IFMIS Department Director.
Implementation of these accounting elements is aimed at facilitating a faster transaction processing cycle. Once the process is fully functional, the tax payer will get value for his money in efficient service delivery.
