Join My whatsapp GroupG.O.NO:52 CFMS Collection of Government receipts – Introduction of SBIMOPS and PayU as payment aggregators
G.O.NO:52 CFMS Collection of Government receipts – Introduction of SBIMOPS and PayU as payment aggregators
In an effort to streamline the
various public finance management process, Finance Department has implemented
Comprehensive Financial Management System (CFMS), leveraging the enterprise
resource planning solutions on SAP platform. Andhra Pradesh Centre for
Financial Systems and Services (APCFSS), a special purpose vehicle created,
inter–alia, to provide solutions for robust finance systems, is the nodal
agency for the implementation, continued support and maintenance of this
application in coordination with M/s. SAP India Pvt. Ltd. as the implementation
Partner.
Implementation of CFMS
centred on various reforms and re-engineering of processes with the objective
of achieving process harmonisation, standardisation and simplification and
thereby ensuing effectiveness and enhancing efficiency. Among other things, the
process re-engineering covers the process of revenue remittances, their
accounting and reporting in a real time environment. The key element of change
involves enabling ease of use and thereby permitting the use of all modes of
banking across the G2C, G2B, G2G and G2E transactions pertaining to the
remittances to the Government.
At present the
remittances are mainly taking place in physical mode over the counter at the
designated agency bank branches and in electronic mode through internet
banking, Credit Cards and Debit Cards with respective banks. While internet
banking is limited to departments like Commercial Taxes, APBCL etc., SBIMOPS is
engaged as a payment aggregator for electronic mode of remittances in a limited
way with departments like Transport and Registration & Stamps; which are
having their own functional systems
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