Introduction to FreeBalance
FreeBalance develops and implements smart Public Financial Management (PFM) systems that combat corruption by enhancing transparency, promoting good governance and implementing sound fiscal management.
What is Public Financial Management Reform from FreeBalance?
Our team built the only PFM solution designed exclusively by government, for government with the following principles in mind:
Our customers have achieved improved PEFA scores thanks to the FreeBalance Accountability Suite™ and our advisory services.
Fiscal transparency is one of the main characteristics of PFM excellence. FreeBalance provides fiscal transparency portals integrated with our Government Resource Planning (GRP) software.
FreeBalance enables good governance through improved planning, transparency, accountability and fiscal effectiveness.
FreeBalance Accountability Suite™
The World’s First Global GRP
Across 25+ countries, the FreeBalance Accountability Suite™ is trusted to manage over $400 billion in budget dollars. This is more than just budgeting. Our solutions empower governments to deliver economic growth, accountability and transparency to their citizens.
The FreeBalance Accountability Suite™ is a flexible, modular financial management system that starts off simply but can scale to reflect the evolving needs of government and public sector organizations.
FreeBalance’s award winning expenditure management solution provides interoperable budgeting, accounting, expenditure and revenue management to drive effective decision-making across government budget cycles.
Designed with Government. For Government.
The FreeBalance Accountability Suite™, which provides GRP solutions, is the only PFM solution designed exclusively with government, for government. A flexible, modular financial management system with six base configurations, the suite can be scaled to meet the evolving needs of a country’s PFM reform program.
Government Performance Management empowers governments to achieve better results through access to data. Tying performance directly to budgeting allows for improved outcomes.
Commitment accounting and budget management are unique to the public sector, enabling budgetary and commitment controls. This includes budget and commitment accounting, assets and inventory.
Public Expenditure Management manages all functions related to government spending. Due to the unique needs of government this exceeds typical accounts payable functionality and includes expenditures, purchasing, procurement, grants and social programs.
Treasury Management enables governments to manage debt and investments. This includes bank reconciliation and cash management.
Governments raise revenue and collect receipts through a number of means. This includes non-tax revenue, taxation, and billing and receipts.
The Smart in Smart Government
Customer Focused Solutions
Customer centricity is not just a buzz word for us. Our customers truly are at the core of everything we do. Which is why we co-create our systems – we build with government, for government.