Tata Consultancy Services (TCS) on Friday announced that it has been chosen by the Odisha government to design and implement an AI-powered Integrated Financial Management System (IFMS). The new IFMS 3.0 will automate the state’s end-to-end public finance processes representing a significant step forward in Odisha’s digital transformation journey the company said in a release. The contract value was not disclosed. TCS has partnered with the Government of Odisha to design and implement Integrated Financial Management System (IFMS) 3.0 as per the release. Odisha Govt Selects TCS To Build AI-powered System TCS has been working with the Odisha government since 2005 beginning with the integrated Odisha Treasury Management System. The collaboration progressed through three generations of IFMS solution the implementation of IFMS followed by IFMS 2.0 culminating in the launch of IFMS 3.0. As part of this programme TCS will also implement its AI Workbench an open-source solution designed to support AI/ML projects in designated operational areas including model development monitoring and retraining the release said. This enables the systems to apply analytics and machine learning to decision-making and operational processes with features such as multi-lingual chatbot interactions to enhance user experience. Girish Ramachandran President - Growth Markets and Public Services at TCS said that with real-time financial visibility enhanced precision and a future-ready architecture this platform will empower Odisha to deliver more effective public services. Tej Paul Bhatla Senior Vice President and Head Government Business India at TCS said: This new system unifies budgeting payments receipts and accounts into a single source of truth. With AI-assisted insights and intuitive workflows IFMS 3.0 will allow officials to monitor programmes in real time accelerate reporting and make confident data-driven decisions.  (With Inputs From PTI)