IMPLEMENTATION CHALLENGES OF INTEGRATED FINANCIAL MANAGEMENET INFORMATION SYSTEM IN MINISTRY OF FINANCE

Abstract

Integrated Financial Management Information System (IFMIS) as one of the most common financial management reform practices, aimed at the promotion of efficiency, effectiveness, accountability, transparency, security of data management and comprehensive financial reporting. IFMIS supports adequate management reporting, policy decisions, fiduciary responsibilities, the preparation of auditable financial statements. Implementation process of IFMIS has its own obstacles concerned with the organization performance status, collecting and organizing start up data converting and migrating data to IFMIS standard, train end users. So, this study aims to assess the implementation of integrated financial management information system in MOF. A Purposive sampling so as to select the targeted directorates and Random sampling from each directorates with total of the 88 employees who use IFMIS in each directorates was done. Primary and secondary data was collected by means of document review, observation, questionnaire & interview and was analyzed using descriptive statistics using SPSS version 17 and excel. And the analysis shows the current IFMIS implementation of the organizations negatively influenced by all these factors. The study was employed a descriptive research design and adopted both Qualitative and Quantitative research approach. Non probability sampling technique, specifically purposive sampling was used., Recognizing benefits of IFMIS, intention of improving outcomes of financial management. The benefits of adoption of IFMIS are contribution in improving financial management, transparency, accountability and responsiveness of public financial resources, strengthening government financial and accounting functions. It is recommended that commitment and support of top management, staff motivation and facilitation, automation system must have to gain a due consideration.