Shares of Tata Consultancy Services Ltd (TCS) ended 1.5% lower after touching a day’s high of Rs 3,103.40 on 5th September, despite the firm saying it has partnered with the Odisha government to design and implement an integrated financial management system (IFMS) 3.0.

TCS has partnered with the Odisha government to launch the third generation of its Integrated Financial Management System (IFMS 3.0). This uses an advanced cloud-native, microservices-based architecture to automate public finance workflows.

The collaboration dates back to 2005 with the Odisha treasury system. It was later upgraded to IFMS and then to IFMS 2.0, and now to IFMS 3.0.

The new system will also use TCS’s AI Workbench to apply analytics and machine learning in decision-making and operations. Features include multilingual chatbot support, automated service desk tasks, and improved user experience.

Beyond budgeting, expenditure, and accounts management, IFMS 3.0 adds stronger data protection, real-time monitoring, and advanced reporting tools.

TCS said the platform will give Odisha real-time financial visibility, greater accuracy, and a future-ready system. This aims to deliver better public services.

At 3:30 PM, the shares of TCS ended 1.54% lower at Rs 3,048 on NSE.

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