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Products

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.

 

 

 

Features

 

Performance Budgeting

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.

Government Transparency

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:

 
 

AID MANAGEMENT

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.

COLLABORATIVE PLANNING

Organization plans, approves, and performance analysis.

BUDGET PREPARATION

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

 

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)