iFMS can be designed as per required by the entity, by modifying it to custom made system or off-the-shelf software, and based on the size and requirement of the entity iFMS is designed which further invoices in improvement of organization financial management. IFMS Odisha This system brings numerous management functions into one software suite and iFMS is also referred to as Integrated Financial Management Information System (IFMIS), where many government and private firms use this as their key HRMS portal to manage their distribution with employees and customers, which allows them to track spending in one page with less effort.