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.
Supports multiple currency bank management including reconciliation processes, migration to a Treasury Single Account and foreign exchange gains and losses.
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.
Reconciles ledgers with cash receipts and payments at banks.
Manages government debt commitments
TREASURY SINGLE ACCOUNT
Migrates many bank accounts to a single virtual account to more effectively manage reserves, investments and debt.
Manages government investments in financial instruments.
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)