The Integrated Financial Management System (IFMS) was developed to address acknowledged deficiencies in the HSE’s financial reporting capabilities. When fully complete, the IFMS will contribute to better financial controls through improved financial reporting and by enabling improved financial management, governance, compliance and transparency.
The IFMS will be rolled out to the HSE, Section 38 agencies and some of the larger Section 39 agencies. The initial rollout phase, Implementation Group 1 (IG1) comprising the Eastern region, capital and some national services, has been completed. Additional funding was made available in 2024 to accelerate the rollout, however, rollout of future phases is currently being impacted by ongoing industrial action in the HSE.
The implementation of a single standardised financial and procurement system will, for the first time, provide quality standardised financial and procurement information across both statutory and voluntary services. Because of its potential to provide quality information and useful insights, the IFMS is now included in the Savings and Productivity Taskforce’s remit.