NIIT Technologies on Monday said it has secured a multi-year contract worth Rs 185 crore from the Finance Department of Andhra Pradesh.
Under this project, the Department will undertake a series of service improvements across all the functions of public financial management to enhance the overall efficiency and end user experience, the company said.
As a part of the Comprehensive Financial Management System project, a SAP-based solution has been introduced to provide seamless interface and an efficient electronic information sharing mechanism which will enable all the internal departments to work cohesively with the Finance Department.
“The current decentralised department will gradually move to a comprehensive and centralised integrated financial management system ,” Arvind Mehrotra, President- Asia Pacific NIIT Technologies, said.
The Comprehensive Financial Management System is an integrated, scalable, secure and user-friendly software designed on service-oriented architecture. The stakeholders involved in ensuring effective public financial management include all departments of Government of Andhra Pradesh, Directorate Treasury and Accounts, Directorate Works and Accounts, Pay and Accounts Office Hyderabad, other departments, employees and pensioners.