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Minister of Finance Launches FreeBalance GRP Solution in Suriname

 

February 1, 2014

Government of Suriname goes live with Phase I of FreeBalance implementation – takes major step forward in Public Financial Management (PFM) reform


Ottawa, Canada (February 1, 2014) – FreeBalance, a leading vendor of Government Resource Planning (GRP) software, announced that the Government of Suriname went live with Phase I of the FreeBalance Accountability Suite. The Honourable Andojo Rusland, Minister of Finance, Government of Suriname, formally launched the system at a ceremony in the capital city of Paramaribo. FreeBalance software is being deployed throughout the government and will be rolled out in phases to all line ministries and related agencies.

Phase I of the project includes software implementation and training for 17 ministries within the Government of Suriname. The FreeBalance Government Accountability Suite is a web-based commercial off-the-shelf Integrated Financial Management Information Systems (IFMIS). The suite automates all public finance transactions related to the budget, including budget preparation, expenditure controls, government audit, procurement, monitoring, reporting, and civil service. The scope of the FreeBalance Accountability Suite (Version 7) functionality deployed in Phase I includes:

  • (PFPF) Core Public Financials
  • (PEPR) Purchasing & Requisition
  • (PEM) Public Expenditure Management
  • (PEPM) Payment Management
  • (GTBR) Bank Reconciliation

The Government of Suriname is moving forward with an ambitious agenda of Public Financial Management (PFM) reform to sustain economic growth. “Today’s launch represents a major milestone and we are confident that our modernization and reform efforts will benefit the citizens of Suriname,” said Minister Rusland. “Good governance creates country stability and encourages business investment to fuel economic growth. Improving governance is a strategic objective for the Government of Suriname.” The Government of Suriname is using a platform approach that includes overlapping phases including technical assistance, design, consulting, hardware and software, implementation, capacity building, help desk and sustainability. FreeBalance is using its repeatable Governance Valuation process to align reform to country needs and capacity.

To support the project in Suriname, FreeBalance extended its operations to include a permanent presence in Paramaribo. “We believe that FreeBalance solutions will help the Government of Suriname achieve its PFM reform objectives including sustained economic growth, said Manuel Pietra, President & CEO of FreeBalance. “We are fully committed to supporting this project by helping the Government of Suriname leverage technology to increase public sector development and improve performance.” The permanent presence in Paramaribo is bolstered with the support of FreeBalance staff and resources from service, support, sales, project, and development offices around the world. This global workforce brings an additional and unique blend of experience, lessons learned, and good practices to the project.

About FreeBalance
FreeBalance helps governments around the world leverage robust Government Resource Planning (GRP) technology to accelerate country growth. FreeBalance is recognized as a leader in fast, adaptable and successful GRP implementations. FreeBalance provides software solutions for public financial and human resource management, and supports reform and modernization to improve governance, transparency and accountability. Good governance is required to improve development results. For more information, visit www.freebalance.com.

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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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