Treasury Information and Management System (TIMS)
While local governments continue to respond to the changing pace of program delivery, increased transparency and improved financial performance have become imperative. With this, organizations are expected to heighten the processing power of their treasury departments. In the Municipality of Baliwag, the Muncipal ICT Office (MICTO) is integrating enterprise technology by driving automation in treasury functions and processes through the Treasury Information and Management System (TIMS).
TIMS is a standardized and web-based management system developed by the Local Government of Baliwag, in partnership with the Landbank of the Philippines, for managing accounts and automating payment transactions through a centralized platform. This helps achieve integrity and maximum efficiency through digitized order of payment, high financial data security by reducing risks of manual data submission, and allows transparent, easier and real-time financial reporting.
TIMS is a scalable system, which can allow creation of more accounts, and integration to other related local government systems. It is economic too, as it helps save the use of bulk papers while skipping manual processes, avoiding data repetitions and alterations.