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IT for Public Financial Management Reform?

 

March 1, 2016

Information technology systems are considered integral for Public Financial Management (PFM) reform. Software such as the FreeBalance Accountability Suite can automate standard functions, impose controls and provide important data. Not all systems that support financial and human resource management or, what we call, Government Resource Planning (GRP), facilitate change.

The inability to change, in the IT world, is called technical debt.

FreeBalance Version 7 Technical Brief by Michael Sutherland-Shaw

We’ll be huddling with our government customers at the annual FreeBalance International Steering Committee (FISC) conference from March 7-10 in Managua, NIC.  The main focus at FISC is to change our product roadmap. That’s right – change the product roadmap. Entirely.

FISC gives us visibility into current and future customer needs. One of the sessions next week will relate to the PFM reform agenda. This includes additional FreeBalance support for:

  • Talent and knowledge management and civil service reform
  • Fiscal decentralization and support for State-Owned Enterprises
  • Cybersecurity and shared services
  • Citizen services
  • Project accounting and management
  • Public investment planning
  • Aid and development coordination

FISC gives us an in-depth look into public financial trends. In addition, customers vote for roadmap changes over the course of a two-year window.

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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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