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FreeBalance Presents “Open Systems Enabling Transparency Technology Leapfrog” at the World Bank’s Open Data Initiative Conference


February 3, 2011

Doug Hadden, Vice President at FreeBalance to Participate in “What’s in the Bank’s wallet? How much financial information should the Bank disclose as open data?” Panel 

Ottawa, Canada (February 3, 2011) – FreeBalance, a Government Resource Planning (GRP) software company, today announced that Doug Hadden, Vice President, Products at FreeBalance will be participating in the “What’s in the Bank’s wallet? How much financial information should the Bank disclose as open data?” Panel at the World Bank’s Open Data Initiative Conference. This panel will be held on February 3, 2011, 3:00-4:00 p.m., in room J 1-050. For more information about the Open Data Initiative, visit

Mr. Hadden will present “Open Systems Enabling Transparency Technology Leapfrog”. This presentation will describe how developing nation governments have the opportunity to ‘leapfrog’ over more developed countries by leveraging technology to improve government transparency. Transparency is enabled through the use of open systems. This can help developing countries leap ahead of developed countries in providing on-line transparency. The Timor-Leste Transparency Portal will be used as a case study for government transparency and open systems. The presentation will be posted on the FreeBalance blog:

“We are in a transition period in government transparency,” said Doug Hadden, Vice President, Products at FreeBalance. “Governments have begun to publish information in document or machine readable format rather than relying on access to information requests as the primary method of transparency. And, more governments are realizing that the publication of government data can act as an economic engine.”

Chuck McDonough, Vice President and Controller, World Bank will deliver panel opening remarks and Tom Bond, Manager, Loan Accounting, Controllers, World Bank will moderate. Other panel speakers include: 

  • Dmitry Kachaev: former Director of Research and Development, Office of the Chief Technology Officer, D.C. Government
  • Kevin Merritt: Founder & CEO, Socrata
  • Neil Fantom: Manager, Development Data Group, Development Economics Vice Presidency, World Bank

FreeBalance customers span the globe and the user community includes public financial management professionals in 18 countries, including Afghanistan, Iraq, Kosovo, Liberia, Mongolia, Namibia, Pakistan, Panama, Sierra Leone, Southern Sudan, Timor-Leste, and Uganda among others. 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 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. For more information, visit


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Matthew Olivier

Matthew Olivier

Vice President, Marketing at FreeBalance
Matthew is responsible for providing strategic marketing, communication, and business development direction for FreeBalance products, solutions and services. Matthew leads marketing and business development activities to support FreeBalance growth and brand awareness in the GRP market.

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