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Chief Minister Nara Chandrababu Naidu launched CFMS

Comprehensive Financial Management System-CFMS, Go Live program has been launched by Chief Minister Nara Chandrababu Naidu here on Monday.

A program like CFMS has been developed for a government is for the first time. Under the new system of CFMS, all the government department staffs are given the training to prepare bills, audit and other modalities. 

The new system is going to bring accountability and efficiency in the system, which is also very helpful in Real Time Governance and in bringing transparency to the system. 

Speaking at the inaugural CM appreciated the people which have worked for the development of the CFMS program. 

He said, “This is a complicated system. SAP developed the best system for all the government departments. I thank IT advisor J Satyanarayana for achieving this feat”.

CM further added that ‘’we are in wonderful time. The fourth industrial revolution started with the Internet of Things. And we have already taken up the Technology for good governance”. 

CM hoped that he is trying to work on the double-digit growth rate of GDP in the next two decades and that the revenue expenditure and income will be recorded in real time through this system.

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