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Evidence of FreeBalance GRP Success


September 11, 2013

An Integrated Financial Management Information System (IFMIS) or Government Resource Planning (GRP) “can enable prompt and efficient access to reliable financial data and help strengthen government financial controls, improving the provision of government services, raising the budget process to higher levels of transparency and accountability, and expediting government operations.”

FreeBalance is recognized as a major provider of Integrated Financial Management Information Systems (IFMIS) for Governments

FreeBalance International Steering Committee  (FISC)

FreeBalance government customers from countries such as Afghanistan, Antigua and Barbuda, Kosovo, Kyrgyz Republic, Liberia, Mongolia, Sierra Leone, Timor-Leste and Uganda meet yearly. The purpose of FISC is to share lessons learned and adapt the FreeBalance product roadmap to better meet government reform needs. Country representative provide updates in confidential presentations. Some achievements described as bullet points from  these presentations include:

Fiscal Controls
  • Efficient budget control and execution
  • Automated budget controls
  • Better budget control
  • Improved salary controls
  • More than 99% of the government’s budget execution is captured on real-time basis
  • Strengthened commitment controls in the budget management.
  • Decentralisation of commitments and revenues countrywide
  • National roll-out to all budget entities at all levels of government
  • Decentralization of performance budgeting functions
  • Decentralization so that Treasury now focused on strategic issues and cash management
Timeliness and Accuracy
  • Clearance of all backlog of annual financial statements
  • Timely and accurate fiscal reporting
  • For two past years we have submitted on time audited budget statements to the National Assembly
  • Accountability and accuracy in the financial management has improved
  • Timely Preparation of Annual Accounts
  • Unqualified audit report of Government financial statements
  • Timely production of reports that support GFS and IPSAS cash-basis
  • Timely clearance of revenue and expenditures
Reporting and Decision Making
  • Availability of useful reports for management decision-making
  • Help achieve fiscal surplus
  • Adoption of the Cash Basis IPSAS
  • Reliable Management Reporting in real-time mode applying modern information technologies
  • Increase in quality of decisions
  • Dashboards improve government performance
  • Automatic generation of budget books
Security Controls and Audit
  • Improved security and availability of complete audit trail
  • Automated audit trials and security controls
  • Proper Segregation of duties
  • Auditability and transparency of budget adjustments
  • Efficient for cash management
  • Time and cost saving
  • Reduction in processing time
  • Reduction in labor costs on management of civil service personnel
  • Increase in labor productivity of civil servants


  • Donor trust – World Bank, ADB, and other donor funds are channeled through the Treasury
  • Improvement in PEFA assessment
  • We have 2 PEFA Assessment, the second showing improvements
  • Open budget index scores have improved
  • Supports anit-corruption efforts
  • Reduction in supplemental budgets
  • Improved budget credibility
  • 40% of aid received from IFI’s and donors, is spent using country systems
  • Visibility to the public via a web publishing capability
  • promote credibility, control and transparency of fiscal and budget management


Additional Country Examples

FreeBalance and the FreeBalance Accountability Suite have been recognized as key to many PFM successes round the world.


Antigua and Barbuda



Sierra Leone

Timor Leste

FreeBalance Has Received Awards and Certifications

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Doug Hadden

Doug Hadden

Executive Vice President, Innovation at FreeBalance
Doug is responsible for identifying new global markets, new technologies and trends, and new and enhanced internal processes. Doug leads a cross-functional international team that is responsible for developing product prototypes and innovative go-to-market strategies.

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