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Products

FreeBalance Accountability Suite
Government Treasury Management

 

 

FreeBalance Government Treasury Management supports bank reconciliation and manages cash, debt, and investments. The system harmonizes treasury operations across all levels of government, mitigates fiscal risk, maximizes government funds through effective forecasting.

 

 

 

Features

 

Bank Reconciliation

Supports multiple currency bank management including reconciliation processes, migration to a Treasury Single Account and foreign exchange gains and losses.

Cash Management

Supports liquidity including cash forecasting based on the commitment cycle, historical trends and manager reports.

Debt & Investment Management

Supports debt servicing and the modelling of debt and investment financial vehicles.

 

 

The Government Treasury Management functions in the FreeBalance Accountability Suite include the following:

 
 

CASH & LIQUIDITY MANAGEMENT

Predicts future cash flow requirements to help optimize government cash reserves.

BANK RECONCILIATION

Reconciles ledgers with cash receipts and payments at banks.

DEBT MANAGEMENT

Manages government debt commitments

TREASURY SINGLE ACCOUNT

Migrates many bank accounts to a single virtual account to more effectively manage reserves, investments and debt.

INVESTMENT MANAGEMENT

Manages government investments in financial instruments.

 

 

Modules

 

Modules provide additional features that can be combined and configured to create solutions for government.

 
 
  • Bank Reconciliation
  • Foreign Exchange
  • Treasury Single Account
  • Standard Reports
  • Cash Management
  • Debt Management
  • Investment Management
  • Government Departmental Transfers
 
 

 

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)