Enhance Public Spending Efficiency with FreeBalance Portfolio of Remote Services and Toolkits
Do you need to improve pandemic service delivery?
- Reallocate funds to pandemic response
- Control fund dispersal based on government goals
- Track funds and outcomes to improve decision-making
- Create efficiencies while adapting to changing conditions
Consider public finance services and toolkits from FreeBalance:
- Leverage your existing technology investments through rapid configuration and integration recommendations
- Select only the tools and services that you need
- Achieve rapid improvements by tapping into global company expertise remotely
- Support long-term fiscal resilience from economic shocks
Focus of the FreeBalance portfolio:
- Support the reallocation of spending for health, income, and business support from other budgets through classification and process improvements
- Optimize controls to facilitate priority spending, enable audit, and reduce less important expenditures through workflow adjustments
- Enhance tracking, forecasting, and transparency through integration of timely data across information systems
Context for public finance: support recommendations made by the International Monetary Fund and the World Bank
- Justify international aid based on effective data
- Report spending effectiveness to citizens
- Improve PEFA assessments
Unique FreeBalance capabilities include:
- public finance practitioner thought leadership
- financial management information system market leader
- information and communications technology expertise for data, metadata, and controls integration
- with a “Glocal” approach – global expertise, local context understanding, focus on realistic country reform based on context
Deeper Dive: governments can select services from this portfolio
- Emergency Fiscal Advice Engineering: as-needed access to the FreeBalance PFM virtual “war room” for governments needing quick access to expert resources during the pandemic response
- Emergency Sustainability Enablement: emergency PFM advisory engagement for governments seeking to adjust controls, enable reallocations, and improve tracking during the pandemic
- Public Financial Management Resilience Empowerment: comprehensive phased PFM advisory engagement for governments seeking to mitigate fiscal shocks from the pandemic through and become resilient to future shocks
- Finance Ministry Continuity Engineering: analysis of critical task regulations, business processes, and information systems to ensure continuity of critical Finance Ministry functions
In addition, governments governments can select software integrated with current technology environments:
- Emergency Tracking Portal: customized health information and expenditure portal for governments seeking to automate transparency and improve citizen communications effectiveness
Government Supplier E-Services: fonline and mobile alert facility for governments seeking to reduce the burden on suppliers and government staff to track invoices, statements, and payments
Flexibility is supported:
- Acquire only the services and products required
- Engage only the experts you need
- Contract for low-cost initial remote services
- Receive onsite services when realistic
- Build public finance capacity
- Focus on your government context
Next step: arrange for a Masterclass call
- FreeBalance experts will analyze your country public finance capabilities before the call, customizing portfolio recommendations
- Approaches described
- Interaction maximized
- If appropriate, a custom proposal will be provided quickly
Background
Expert Recommendations
- 2020-03-31 PEFA Use of PEFA reports to assess the readiness of PFM Systems to respond to COVID-19 challenge
- 2020-04-09 IMF Preparing Public Financial Management Systems for Emergency Response Challenges
- 2020-04-20 IMF Keeping the Receipts Transparency, Accountability, and Legitimacy in Emergency Responses
- 2020-04-16 World Bank Agile Treasury Operations during COVID-19
- 2020-06-08 IMF Enhancing Digital Solutions to Implement Emergency Responses
- 2020-06-29 IMF Budgeting in a Crisis: Guidance for Preparing the 2021 Budget
FreeBalance Blog Entries
- How Does Effective Public Financial Management Improve Covid-19 Pandemic Responses?
- 12 Principles to Empower Government Covid-19 Pandemic Responses through PFM
- How can Seamless PFM Interoperability Empower Government Covid-19 Pandemic Responses?
- 18 Ways to Improve Country Resilience to Pandemics and Economic Shocks
- What is the Value of Program Budgeting in Government Covid-19 Response?
- Have you Wondered why Advanced Economies Struggle with Pandemic Spending Reallocation?
- 15 Ways Governments Leverage the FreeBalance Accountability Suite to Optimize Pandemic Response and Fiscal Resilience