February 19, 2010Matthew Olivier
Timor-Leste Accelerates Public Financial Management Reform
FreeBalance supports Government commitment to build capacity, increase self-sufficiency, improve transparency, and ensure accountability
Ottawa, Canada (February 18, 2010) – FreeBalance, a For Profit Social Enterprise (FOPSE) software company that helps governments around the world to leverage robust Government Resource Planning (GRP) technology to accelerate country growth, today announced an enhanced strategic partnership with the Government of Timor-Leste. The Government of Timor-Leste is committed to fast tracking technologies to modernize Public Financial Management (PFM). The Government will leverage web-based technology from FreeBalance designed specifically to support the full government budget cycle.
Consultations and meetings were conducted last week between FreeBalance and the President of Timor-Leste, His Excellency Jose Ramos Horta, the Prime Minister, His Excellency Xanana Gusmão, The Minister of Finance, Her Excellency Emilia Pires, the Council of Ministers, National Parliament, Commission C, and representatives from line ministries, civil society, the private sector, and development partners.
Based on these consultations, FreeBalance will sequence products and services using a platform approach that builds over time, considered a good practice for public financial management reform. These platforms form part of the shared vision of FreeBalance and the Government of Timor-Leste of:
- Building technical capacity and long-term sustainability
- Improving budget execution to optimize revenue and procurement processes
- Increasing transparency through decision-making tools and publication of data
- Delivering performance management tools to develop a performance culture and improve government effectiveness
The Prime Minister of the Democratic Republic of Timor-Leste, His Excellency Xanana Gusmão said “On behalf of the Government we wish to extend our appreciation to the delegation from FreeBalance led by CEO and President Mr. Manuel Pietra. FreeBalance has demonstrated their capacity and commitment to ensuring Timor-Leste will have one of the most progressive Public Financial Management Systems in the world, catered for the specific needs of our young nation and in line with global best practices. The new measures for transparency and accountability will be a milestone in our short history of self governance and we look forward to continuing our work with FreeBalance which is integral to state building.”
The FreeBalance solution for the Government of Timor-Leste follows the FreeBalance ISO 9001:2000 certified customer-centric model for product development and implementation. This model enables the Government of Timor-Leste to work closely with FreeBalance to set product development priorities to ensure objectives are met. The migration to the latest technology will enable the Government of Timor-Leste to benefit from advances in workflow, usability, and ease of deployment. FreeBalance has placed an advisor in the Ministry of Finance to supervise project implementation to ensure a smooth rollout. FreeBalance will continue to maintain a local presence with additional support and advisory services in the country. Local support and a mentorship program that links civil servants with public financial management experts is integral to the FreeBalance methodology to ensure sustainable public financial management reform.
“FreeBalance is committed to supporting the Government of Timor-Leste as it continues to find new and innovative ways to accelerate public financial management in support of government priorities,” said Manuel Pietra, President & CEO of FreeBalance. “The Government of Timor-Leste has a unique opportunity to become one of the world’s most open, transparent, and accountable governments. This will demonstrate worldwide leadership in public financial management and will provide new levels of citizen engagement and government effectiveness.”
FreeBalance customers span the globe and the user community includes public financial management professionals in 18 countries. FreeBalance operates in 15 customer time zones. FreeBalance has more than 60,000 users around the world. FreeBalance software manages a global civil service workforce of 1,500,000, and also manages a quarter trillion ($US) annual budgets worldwide.
About the Democratic Republic of Timor-Leste
Internationally recognized as an independent state in 2002, Timor-Leste is located in south western Asia. The former Portuguese colony has witnessed rapid development growth in recent years. Tetum and Portuguese are official languages.
Founded in 1984, FreeBalance is a For Profit Social Enterprise (FOPSE) software company that helps governments around the world to 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 is headquartered in Ottawa, Canada, with sales and support offices in Washington, DC (United States), Lima (Peru), Lisbon (Portugal), London (Great Britain), Pristina (Kosovo) and St. John (Antigua and Barbuda). FreeBalance solutions have been implemented in countries across the globe, including Canada, United States, Sierra Leone, Guyana, Pakistan, Mongolia, Afghanistan, Antigua & Barbuda, Timor-Leste, Republic of Kosovo, Palestine, Panama, and Uganda.
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