NIIT Tech bags Rs 185 cr Financial Management contract

NIIT Technologies Ltd, a global IT solutions organization has signed a multiyear Comprehensive Financial Management System (CFMS) contract with the Finance Department of Andhra Pradesh. Under the CFMS 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.
With this initiative, NIIT Technologies will help Andhra Pradesh government to transform from its current public finance systems to a Futuristic World Class Enterprise Solution. As a part of the 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.
 Commenting on the win Dr. PV Ramesh, IAS Principal Finance Secretary ( R & E), Govt. of AP said, "We are very keen to modernize our current public finance systems and streamline the processes without compromising  the user experience. With NIIT Technologies as our trusted partner I am confident that we will be able to achieve our goal and enhance our efficiency."
Arvind Mehrotra, President- Asia Pacific NIIT Technologies said, "This win is a testament of our proven experience in delivering SAP based solutions and managing large scale Government projects. By using CFMS the current decentralised department will gradually move to a comprehensive and centralised integrated financial management system."