We are introducing a modern finance and procurement system for the entire health sector. This project will equip us with modern technology, standard finance and procurement processes and a new operating model based on shared services. The project is known as IFMS, which stands for integrated financial management system.
We will introduce the new system over the coming years
Our implementation plan which sets out how we will develop and introduce the new system in the years to come is currently under review and once approved will be updated on this section.
The new system is for the entire health sector
We are working in partnership with organisations to bring the new system to:
- all health and social care services provided directly by the HSE, known as statutory services
- voluntary organisations that are exclusively or almost exclusively funded by the HSE, known as Section 38 organisations
- voluntary organisations that receive funding from the HSE, known as Section 39 organisations
- Tusla, the Child and Family Agency
We are replacing multiple, fragmented, non-standard legacy finance systems with one system
The HSE does not have a single financial and procurement system.
The absence of such a system in the HSE presents additional challenges to the effective operation of the system of internal financial control. Numerous external reviews have reiterated the consensus amongst the finance community in the HSE that the current financial systems are not fit for purpose.
The absence of a single national financial management and procurement system requires that significant work is undertaken manually to ensure that the local finance systems and the national finance reporting solution are synchronised and reconciled. This approach is becoming increasingly challenging in the light of changes to organisational structure and the ageing of the systems.
The system will create many benefits for the health sector. We’ll cut down the time we spend processing financial transactions, will report more clearly and in more detail on our finances and will be able to make more informed decisions about spending.
IFMS Newsletter Issue 1
Implementation-Timeline---IFMS-Project.pdf (size 126.8 KB)
Find out more about the IFMS Project
The IFMS FAQ document and Information Pack is currently being updated and will be published on this section shortly.
If you’d like to get in touch, you can contact us at email@example.com.
Last updated: 20th January 2023