FreeBalance Accountability Suite
Government Performance Management
FreeBalance Government Performance Management empowers governments to achieve better results through access to data and metrics. Additionally, the ability to tie performance directly to budgeting allows for improved outcomes for public sector departments.
Supports credible budgets, forecasting and improved performance including budget preparation, performance management and a Key Performance Indicator library.
Monitoring & Evaluation
Supports improved decision-making including records management, reporting, data mart, dashboards and alerts.
Supports publishing performance and budget information to a transparency portal and computer-aided audit.
The Government Performance Management functions in the FreeBalance Accountability Suite include the following:
Links and collaborates with external aid partners and supports the integration of “off budget” information.
PERFORMANCE IMPROVEMENT & LINKAGE
Recommends improvements based on changing priorities or performance metrics and links to budget items.
Organization plans, approves, and performance analysis.
Creates top-down and bottom-up budgets from central government to department/agency to division to program to specific expenditure.
PERFORMANCE METRICS & MEASUREMENT
Develops performance metrics to track, aggregate and analyze against government and departmental mandates and goals.
BUDGET EXECUTION AND FORECASTING
Develops input, output and outcome performance metrics tied to departmental/agency and government mandates and goals.
PUBLIC ACCOUNTING & BUDGETARY CLASSIFICATIONS
Classifies accounting and budget categories to be used for budget analysis and reporting.
Modules provide additional features that can be combined and configured to create solutions for government.
- Aid Management
- Budget Book Builder
- KPI Library
- Off-Budget Management
- Government Performance Budgeting
- Government Performance Management
- Records Management
- Standard Reports
- Ad-hoc query and reporting
- Analytics (OLAP)
- FreeBalance Data Mart
- Management Alerts
- FreeBalance Minister’s Dashboard
- Risk, Monitoring and Evaluation
- Manager’s Dashboard
- Computer-Assisted Audit
- Citizen Outreach
- (GPTP) FreeBalance Transparency Portal
Powered by FreeBalance Accountability Platform
The FreeBalance Accountability Platform is a web-based Java-powered platform designed for government financial management. Our applications support centralized environment, but are also flexible enough to accommodate decentralized & hybrid models.
Supports International Financial Standards
The FreeBalance Accountability Suite supports the highest international standards for fiscal management and accounting, including those from:
- United Nations
- International Monetary Fund
- World Bank
- International Financial Reporting Standards (IFRS)
- International Federation of Accountants (IFAC)
- Millennium Challenge Corporation (MCC)