eGov Financials

eGov Financials is a key component of the Financial Management System which automates the end-to-end financial operations of a urban local body by providing an integrated system that manages budgeting, asset management in addition to the daily accounting and reporting. This system is specifically built for Municipal Accounting and its particular needs, based on the NMAM (National Municipal Accounting Manual) published by Comptroller Auditor General (CAG) and Ministry of Urban Development, Govt. of India.

The system is based on simple, easy to use screens and is fully internet-enabled which makes it possible to provide the system to the Accounts users at all administrative levels (Head Office, Zonal Offices and Departmental offices). This will ensure that the data is captured in the system at the point of creation and is immediately available for all users in the ULB as opposed to simply a backend data entry system for report generation.  In addition, the system can be fully integrated to the ULB city portal which will enable the administration to provide citizens with easy-to-understand reports summarizing the ULB’s key financial indicators.

Integration

eGov Financials is fully integrated to eGov Property Tax, eGov Assets, eGov Inventory and  eGov Works, and can also be integrated with a ULB’s other e-governance applications through open interfaces provided through web services. This architecture would enable the automatic capture of the financial accounting impact of all transactions in these systems. In future, eGov Financials will also be integrated to eGov GIS to provide GIS based reports.

Salient Features of eGov Financials

• Specifically designed for Municipal Accounting.
• Compliant with C&AG/UDD (GOI) accounting guidelines embodied in the National Municipal Accounting Manual (NMAM)
• Supports double-entry accounting
• Supports Fund-based accounting with all accounting and statutory reports by Fund
• Transactions configured for ease of use by ULB personnel
• Bottom-up budgeting (including supplementary budgets) with budgetary controls
• Security with role-based access control and approval workflows
• The following reports which can be generated by the user on demand:
o Statutory reports: Balance Sheet, Income/Expenditure with Schedules, Receipts & Payments
o Accounting Reports: Day Book, Journal Book, Cash Book, Bank Book, Trial Balance
o MIS Reports: Budget Variance Reports, Works Details (Contractor-wise bill and payment details), Party-wise deductions
• Fully integrated with the other eGov modules as well as support for integration with external municipal e-governance applications

If your city would benefit by eGov Financials, Please contact us by sending an email to contact@egovernments.org