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Reducing Risk in Government Financial Management Software Implementations in Latin America


October 29, 2013

FreeBalance tool identifies risks for build, buy and hybrid approaches for Latin American governments

Ottawa, Canada (October 29, 2013) – FreeBalance, a leading vendor of Government Resource Planning (GRP) software, is pleased to announce attendance at the XVIII International Congress of CLAD. The International Congress of Latin American Centre for Development Administration (CLAD) conference taking place in Montevideo, Uruguay from October 29 to November 1, focuses on state reform.

FreeBalance will introduce a tool to help public servants better determine risk factors of implementing custom-developed, Commercial-Off-The-Shelf (COTS) or hybrid approached to government Integrated Financial Management Information Systems (IFMIS). “The track record for custom-developed IFMIS and private sector Enterprise Resource Planning (ERP) implementations in Latin America has been mixed,” said Adrian Waldman, FreeBalance Regional Vice President. “Governments have been challenged to adapt software for reform and to integrate information and fiscal controls across multiple software applications.”

The FreeBalance GRP Risk Tool identifies important factors when assessing build versus buy approaches including technology capacity, reform trajectory, fiscal controls structure and transparency needs. FreeBalance provides a COTS GRP product suite, the FreeBalance Accountability Suite that has been implemented globally. FreeBalance also provides a hybrid solution enabling governments to develop custom applications on a modern government financial management platform, the FreeBalance Accountability Platform.

About FreeBalance
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 22 countries managing more than a quarter trillion ($US) in annual budgets worldwide. For more information, visit the FreeBalance website.


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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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