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FreeBalance Weekly Update – Tuesday, May 22, 2012


May 22, 2012

What’s new at FreeBalance?

This weekly news update provides the Government Resource Planning (GRP) community with a brief overview of recent FreeBalance developments and relevant industry news.

FreeBalance to Present: “What can we learn from developing nations on sustainability?” at upcoming FMI Public Sector Management Workshop

Sustainability is a mandate for many government organizations in developing countries. In developing countries, sustainability is a daily necessity. What can we learn from public financial management and information technology sustainability practices from these countries? On Monday May 28, FreeBalance will share lessons learned in financial and environment sustainable government financial management systems. The Financial Management Institute of Canada (FMI) Public Sector Management Workshop will take place on May 27-29, 2012 in Fredericton, New Brunswick. The theme for this year’s Public Sector Management Workshop is “Sustainability in the Public Sector – Securing the Future.”
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Fudd or FUD? What ever happened to Competitive Intelligence among ERP vendors?

FUD – “fear uncertainty and doubt” is a technique used in the technology industry to raise concerns about competitors. Wikipedia defines this as a disinformation tactic. FUD can be effective when the disinformation is based on facts. Vendors extrapolate an argument from those facts to create uncertainty in the customer’s mind. It’s not an attractive part of the software industry. Yet, frequently used.
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Learning from Crisis Key to Restoring Economic Growth

With many countries still experiencing an uncertain economic outlook, charting a course back to economic prosperity might prove to be difficult, but not impossible, delegates at a conference said. With economic uncertainty still lingering over many economies, policymakers, academics, and senior IMF officials gathered for the 3rd Annual Fiscal Forum to discuss global fiscal issues. A day earlier, the IMF released its latest analysis of government debt and deficits across the world, saying fiscal risks are declining for many countries but remain very high in others.

Building a More Resilient Financial System: Are We There Yet?

Almost five years after the onset of the global financial crisis, much has been done to reform the global financial system, but much is still left to accomplish. Comprehensive reform, once agreed to and implemented in full, will have far-reaching implications for the global financial system and the world economy.
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Top ASEAN CIOs Plan for Borderless Economic Community

Kumpol Sontanarat, CIO of Securities and Exchange Commission (SEC), Thailand shared with FutureGov on how Asean Economic Community (AEC) would bring changes to the ICT industry in the region. Hong Kong and New Zealand are placed 11th to 14th in the overall rankings in the report which was released in Singapore on 5th of April.

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