jCrest IFMIS Suites

Integrative approach to Public Financial Management

jCrest IFMIS Suites enables prompt and efficient access to reliable financial data and help strengthen government financial controls, improving the provision of government services, raising the budget process to higher levels of transparency and accountability, and expediting government operations. It automates all public financial management (PFM) processes, from budget preparation and execution to accounting and reporting. It has two editions:

  • jCrest IFMIS Suites
  • jCrest 4HE IFMIS Suites

Other Modules

  • Budget Administration:
  • Payroll/ Human Resources
  • Grants Management
  • Student Account*(jCrest 4HE only)
  • Student Account*(jCrest 4HE only)


Questions?

Benefits

  • Provide timely, accurate, and consistent data for management and budget decision-making
  • Integrate budget and budget execution data, allowing greater financial control and reducing opportunities for discretion in the use of public funds
  • STORES, organizes and makes access to financial information easy Details of outflow and inflow of funds
  • Facilitate financial statement preparation; and provide a complete audit trail to facilitate audits
Efficient Transaction Processing

Single point of data entry, storage of data at lowest level, sharing of data, internal control, integrity and security, online/real time processing.

 
Workflow enabled

enables execution of steps required to complete a business process, each step in the business process is defined explicitly and executed by the workflow engine providing a cleaner, reusable, and maintainable implementation.

jCrest IFMIS Architecture

General Ledger

This is the central �book� of jCrest 4Gov. Starting with the allocation of budget funds through to the commitments to payment for goods and services, all transactions are posted to the GL. All reports and financial statements are derived from the GL.

Treasury Management

Monitors and forecasts cash flows and financing requirements, and performs reconciliation between bank accounts and jCrest 4Gov cash books.

Commitment Control

Ensures that before a purchase is committed to, there is sufficient cash allocated for the expense and the allocation matches the appropriated budget.

Account Payable

Processes and generates payments, with built-in checks to ensure invoices match approved commitments.

Account Receivable

Produces bills and processes and records receipts, including all types of inflows received by government units, including nontax revenues and fees