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Innovation in Public Financial Management

 

December 16, 2013

Doug Hadden, VP Products

Innovation is alive and well in global Public Financial Management. We heard some very interesting cases of innovation through citizen outreach, mobile technology, and organizational change management during the 2013 ICGFM Winter Conference. The presentations have been posted. It was fascinating to hear how government financial planning must take into account the risks of climate change and Public Private Partnerships (PPPs).

It was generally agreed that innovations in transparency have improved governance, especially when there is effective outreach. That confirms some of the conclusions from the global ICGFM survey.

One interesting moment from the conference was a question from a representative of a Tier 1 ERP vendor on innovation in developing countries. The respondent suggested that one lesson learned, not mentioning any names, was to use the financial management system bought by Afghanistan and Liberia. In other words, not ERP, FreeBalance.

 

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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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