May 23, 2013Doug Hadden
FreeBalance Examines the Impact of Technology to Enable Public Financial Management (PFM) Reform
Miami, USA (May 21, 2013) – FreeBalance, a leading vendor of Government Resource Planning (GRP) software, today released a white paper describing how technology can assist governance reform in developing nation and emerging economy governments. The white paper was released at the 27th Annual International Training Conference of the International Consortium on Governmental Financial Management (ICGFM) in Miami.
The Automated Good Governance white paper consists of a framework with use cases. “Some observers believe that technology has a limited impact on governance,” said Doug Hadden, Vice President of Products. “Our experience shows that effective financial management software designed for government improves governance through automated controls, IT security and transparency. GRP is a necessary tool for critical institutional reforms to take hold.”
A set of four (4) use cases were released at ICGFM addressing important governance opportunities of:
- Procurement Anti-Corruption
- Progressive PFM Reform
- Public Service Reform
- Budget Credibility
The white paper augments FreeBalance PFM good practices documents and follows the company’s mission, as a For Profit Social Enterprise (FOPSE), to share lessons learned with the global PFM community. The Miami conference is focused on good PFM practices “in a period of global adjustment.”
FreeBalance helps governments around the world leverage robust Government Resource Planning (GRP) technology to accelerate country growth. FreeBalance is a recognized as leader in fast, adaptable and successful GRP implementations. FreeBalance software manages a global civil service workforce of 1,500,000, and a quarter trillion ($US) annual budgets worldwide. FreeBalance provides software solutions for public financial and human resource management, and supports reform and modernization to improve governance, transparency and accountability. Good governance is required to improve development results. For more information, visit www.freebalance.com.