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FreeBalance Government Financial Management Experiences


May 31, 2013

Doug Hadden, VP Products

My colleague, Hal Le, gave an overview of FreeBalance and our Public Financial Management (PFM) experiences last week at the Confederation of Asian and Pacific Accountants conference in Vancouver. The presentation (embedded below) provides:

  • Reveals what a "free balance" actually is and why Government Resource Planning (GRP) differs from Enterprise Resource Planning (ERP)
  • Description of the governance challenge and opportunities in developing countries
  • Overview of how technology can help reduce procurement corruption, primarily through automated controls
  • Description of how GRP enables insitutional factors to improve governance
  • Emerging ideas about turning PFM reform sequencing from an art form to a science
  • Leveraging transparency and open data to help reform sequencing
  • The problem of high failure rates in financial management systems implemented in government
  • How GRP can be sustainable in developing countries

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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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