July 24, 2012Doug Hadden
Doug Hadden, VP Products
The FreeBalance Accountability Suite has had a remarkable run of success in post-conflict countries. That shouldn’t confuse people in thinking that’s all FreeBalance does. After all, Canada, the United States, Guyana, Antigua, Panama, Mongolia and other countries that have implemented our software are not post-conflict.
FreeBalance Government Resource Planning (GRP) is successfully implemented in post-conflict countries because the software adapts rapidly to reform. This is a key takeaway for more developed countries – public financial reform and modernization needs adaptable government-specific software. Otherwise: heavily customized ERP or custom-built software with high costs.
The recently released World Bank Public Financial Management Reforms in Post-Conflict Countries: Synthesis Report confirms that Financial Management Information Systems (FMIS) – what we like to call GRP, are critical to reform. And, that countries that have implemented FreeBalance have shown substantial progress in reform.
Of course, I’m not suggesting that FreeBalance software is required for substantial PFM progress. GRP should enable reform. Technology should not slow reform. That’s the key to sustainable public financial management: sustaining reform at an affordable cost.