A selection of stories on how FreeBalance helps governments to improve fiscal transparency and accountability.
Major achievements include establishing the legal, institutional and operational framework for PFM and ancillary functions, and introducing the modern budget tools and automated payments through the Afghanistan Financial Management Information System (AFMIS).
Since 2005, the Integrated Financial Management Information System (IFMIS) in Antigua and Barbuda has leveraged the FreeBalance Accountability Suite™ to enable modern comptrollership and good governance throughout the public sector.
FreeBalance is a proudly Canadian company and has been working with departments and agencies in the Government of Canada since 1986. The FreeBalance Accountability Suite™ is today one of their most widely deployed financial management systems.
FreeBalance has been working with the Government of Guyana to increase transparency, provide better and more timely information and facilitate the linkage of resources to results and poverty reduction program goals.
All budget organizations and all major revenue agencies are connected the Kosovo Financial Management Information System (KFMIS) to record all transactions - a “one-stop shop” for fiscal information in three languages – English, Albanian and Serbian.
Transparency helps improve governance, particularly for high-growth resource-rich countries like Mongolia and the country has seen “dramatic improvements” in budget transparency as noted by the International Budget Partnership Open Budget Index (OBI).
FreeBalance’s implementation of the integrated Budget and Treasury Management System (BTMS) was an important step forward for the Philippines. It has helped strengthen the public sector, improve governance and development outcomes.
The Government of Sierra Leone uses the FreeBalance Accountability Suite™ as the backbone of its Integrated Financial Management Information System (IFMIS) - a critical component of its PFM reform program and poverty reduction goals.
The Integrated Treasury Management Information System (ITMIS) in Sri Lanka is part of a major reform initiative towards improved fiscal management in Sri Lanka through the Fiscal Management Efficiency Project.
The Government of Uganda leverages the FreeBalance Accountability Suite™ for its Integrated Personnel and Payroll System (IPPS) which manages HR and payroll for the entire civil service. The implementation resulted in the elimination of over 14,000 ghost workers.