January 19, 2011Doug Hadden
Aldo Segastume, FreeBalance Director of New Product Development, demonstrated the FreeBalance e-Procurement Portal at the FreeBalance International Steering Committee (FISC) conference in Madeira Portugal.
FreeBalance e-Procurement portal links automatically with the procurement module for posting opportunities, vendor status and awards. This is a unique capability because most government e-procurement sites are static. Procurement opportunities and documents are uploaded to the sites manually. The FreeBalance e-Procurement portal requires no extra effort. Tender notices are presented on the portal when approved. Procurement documents are rendered automatically from information and rules from the system.
Vendor Features Create Competition
Mr. Segastume showed the vendor user-interfaces features including drill down by category, viewing procurement document, searching and filtering and creating automatic procurement notices. The FreeBalance e-Procurement Portal also shows other important content like documents and articles. The advantage of this, according to Mr. Segastume, is that making it easy for vendors to increase competition. This lowers government prices.
Mr. Segastome demonstrated how the blacklisted vendors integrate with the FreeBalance Procurement portal. This feature can ensure that no vendors that are blacklisted by the government for poor performance or the World Bank will be able to bid. And, the names of these blacklisted vendors are shown transparently. The system can also blacklist vendors who have defaulted in taxes.
The FreeBalance e-Procurement portal enables citizens for procurement award results. Procurement award information is presented graphically. Users can search for different types of procurement awards by vendors and be able to uncover possibilities of fraud.
The annual FreeBalance International Steering Committee (FISC) conference runs from January 16 – 19, 2011 in Madeira, Portugal. FISC provides an interactive forum to exchange Public Financial Management (PFM) good practices among international customers and PFM thought leaders. FISC drives the FreeBalance Accountability Suite product vision to direct FreeBalance GRP solutions. Previous FISC events were held in Mt. Tremblant, Canada (2010); Prague, Czech Republic (2009); Cascais, Portugal (2008); and London, United Kingdom (2007).
Latest posts by Doug Hadden (see all)
- 7 Reasons why Government Procurement Reform needed for Smart Cities - May 11, 2017
- The FreeBalance Approach to Public Investment Management Software - May 9, 2017
- Why is Public Investment Management Integration Important? - May 9, 2017
- How can Enterprise Software enable Public Investment Management? - May 9, 2017