November 22, 2011Matthew Olivier
Key conference theme: Shared services benefits for government financial management
Ottawa, Canada (November 22, 2011) – FreeBalance, a global Government Resource Planning (GRP) software company, will be advocating next generation shared services at the Financial Management Institute (FMI) of Canada Professional Development (PD) Week. The annual conference at the Ottawa Convention Centre in Ottawa, Canada runs from November 22 to 25, 2011.
Next generation financial and human resources shared services information technology is designed to overcome the high cost and limited benefits associated with traditional approaches. Process standardization to reduce costs has been an elusive shared services goal. Standardization should reduce training, support and upgrading costs. Yet, experience in governments around the world shows that standardization can introduce inefficiencies and higher infrastructure cost. Next-generation Government Resource Planning technology overcomes the standardization problem through configuration and provides a viable option to governments looking to accelerate speed to savings. Visit the FreeBalance booth at FMI PD Week to learn more about GRP Shared Services and speed to savings.
Relevant presentations about shared services at FMI PD Week 2011 include:
- Liseanne Forand, President, Shared Services Canada, who will provide insight about the Government of Canada timelines
- Doug Hadden, VP Products at FreeBalance, will host an interactive session that details a risk-based approach to shared services that provides an acceleration of speed to savings titled “Seizing the Shared Services Opportunity”
“The FreeBalance Accountability Suite Version 7 was designed specifically to overcome government shared services challenges for financial and human resource management,” said Manuel Pietra, President & CEO of FreeBalance. “Governments need to avoid “rust” when moving to private clouds. Unlike traditional approaches, Version 7 does not use legacy technology, while supporting multiple configurations and migration to standardization. “
Members of the FreeBalance team will be available throughout the conference to discuss FreeBalance web-based Government Resource Planning (GRP) solutions. The FreeBalance approach differs from traditional methods of deploying finance and human resources software in the following ways:
- Service configuration approach eliminates the burden for government organizations to customize software to meet unique needs.
- Multiple configurations operating in the same data centre enables government organizations to migrate to standard processes over time and supports unique configurations where necessary because of legal mandate.
- Modern web-based technology, rather than web-enabled, optimizes performance and reduces data centre size providing green benefits.
- Component-based Service-Oriented Architecture enables granular integration with software in use by government organizations.
The FreeBalance Accountability Suite represents a significant technology leap forward. The suite has been optimized for rapid government deployment, operational effectiveness and performance. FreeBalance technology supports Web Services standards that enable departments and agencies to integrate with existing ERP, HR, and other government information systems.
The FreeBalance Accountability Suite is one of the most widely deployed financial management systems inside the Government of Canada. More than 50 government departments and agencies use FreeBalance software for enhanced public financial management.
FreeBalance helps governments around the world leverage robust Government Resource Planning (GRP) technology to accelerate country growth. FreeBalance software solutions for public financial and human resource management support reform and modernization to improve governance, transparency and accountability. Good governance is required to improve development results. FreeBalance solutions are active in 19 countries managing more than a quarter trillion ($US) in annual budgets worldwide. For more information, visit www.freebalance.com.
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