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Will Shared Services provide an Improved Return on Investment (ROI) with Lower Total Cost of Ownership (TCO) for the Government of Canada?

 

November 23, 2011

FreeBalance offers Government of Canada Customers a Shared Services ROI & TCO calculator during Financial Management Institute (FMI) PD Week 2011

Ottawa, Canada (November 23, 2011)FreeBalance, a global Government Resource Planning (GRP) software company, announced the release a Shared Services ROI & TCO tool to Government of Canada customers during FMI PD Week 2011, November 22 to 25, 2011 at the Ottawa Convention Centre. FreeBalance has over 25 years experience working with public financial management managers in the Government of Canada and through implementing “whole-of-government” Government Resource Planning (GRP) solutions around the world. This experience including the FreeBalance Shared Services solution, provides FreeBalance with unique capabilities to optimize shared services returns for Government of Canada departments and agencies. Members of the FreeBalance team will be available during the conference to discuss the new FreeBalance Shared Services ROI & TCO tool and how it will provide valuable insight for Government of Canada decision makers.

As part of the Shared Services Initiative, Government of Canada departments will need to migrate from departmental budget, financial and human resources systems to centralized shared services. Version 1 of the shared service calculator will be provided exclusively to FreeBalance Government of Canada customers. FreeBalance has modelled the costs for changing departmental practices, compliance inefficiencies, governance mechanisms, personnel training, system upgrades and elasticity.  

“We commend the Government of Canada Economic Action Plan to reduce costs and nurture innovation, especially as a Canadian company providing next-generation good governance solutions around the world,” said Manuel Pietra, President & CEO of FreeBalance. “We realize the challenges of calculating ROI and TCO in government software. Costs are often hidden because consulting and training are often acquired separately from software. And, old proprietary technology designed originally for the client/server world increases maintenance costs.”

The FreeBalance Accountability Suite Version 7 supports public and private cloud GRP Shared Services. Benefits of FreeBalance GRP Shared Services include: 

  • Mission: optimize mission effectiveness through agile deployments, consistent citizen-facing systems, ease of reform and modernization
  • Consolidation: optimize systems costs by eliminating duplication, reducing power consumption, centralizing management
  • Predictability: optimize change and compliance costs through standardization, simple cost and growth models, improved security, controls and disaster recovery

The FreeBalance Accountability Suite is one of the most widely deployed financial management systems inside the Government of Canada. More than 50 government departments and agencies use FreeBalance software for enhanced public financial management. 

The FreeBalance Accountability Suite is web-based and has been optimized for rapid government deployment, operational effectiveness and performance. FreeBalance technology supports Web Services standards that enable departments and agencies to integrate with existing ERP, HR, and other government information systems.

The FreeBalance Accountability Suite is one of the most widely deployed financial management systems inside the Government of Canada. More than 50 government departments and agencies use FreeBalance software for enhanced public financial management. 

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. FreeBalance solutions are active in 19 countries managing more than a quarter trillion ($US) in annual budgets worldwide. For more information, visit www.freebalance.com

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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.
Matthew Olivier

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