GRP Solutions

GRP Solutions

The First Global Government Resource Planning Solution

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What is GRP Software?

Governments don’t have shareholders. They report to citizens, and citizens demand transparent and open government.

That’s where GRP software comes in.

FreeBalance has developed Commercial Off-the-Shelf (COTS) Government Resource Planning (GRP) application and platform software to meet the unique needs of government resource planning. It’s enterprise-class and designed to support whole-of-government implementations.

FreeBalance’s GRP solutions for central, regional and local governments provide predictability and control over budget execution, sound public finances and greater fiscal stability through improved transparency and accountability.

The FreeBalance Accountability Suite™ can be equally effectively be used in other public sector verticals such as public health, transport, utilities and social services.

Commercial Off-The-Shelf Software

GRP is COTS software designed exclusively for governments. Some GRP solutions are designed for a single country, region, or government tier.

GRP software differs from traditional enterprise resource planning (ERP) software by having no unnecessary private sector functionality that impinges on government success rates.

Budget Cycle Chart

Budget Execution Preparation

GRP covers the entire government budget cycle, including Budget Preparation and Budget Execution. Budget Preparation is the key mechanism for governments to determine how objectives will be met and how to improve government performance. Government revenue and expenditures are managed during Budget Execution using Commitment Accounting. Funds are set aside during procurement and hiring cycles to ensure that the budget is not exceeded. Changes in the government financial situation result in budget transfers to ensure fiscal discipline.

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Differences between GRP and ERP

Differences between GRP and ERP

Differences between GRP and ERP include:

  • GRP was designed exclusively for government and the software is applicable only in the public sector while ERP was initially designed for the private sector and is sold across many vertical markets, or industries, including government
  • GRP software was designed with budget awareness built in for all modules with integrated commitment accounting while ERP has commitment accounting added and most modules outside financials are not budget aware
  • GRP software, being government specific, leverages configuration as the primary mechanism of meeting government needs while ERP leverages code customization
  • GRP software vendors design open systems for financial sustainability, while ERP vendors tend to leverage legacy technology and proprietary systems to lock governments into their software
  • GRP software vendors optimize implementation processes for the context of governments while ERP vendors rely on 3rd parties for implementations

Additional Reading

image of a group of colourful diverse people How Fighting Corruption and Implementing Effective Public Financial Management Systems Improve Citizen Wellbeing The latest World Happiness Report in the report indicates that FreeBalance customers improved their perceptions of corruption scores by an average 1.74% vs the global average improvement of 0.09%, indicating that the investments made in the FreeBalance Accountability Suite™, an integrated and unified Government Resource Planning (GRP) solution, have strengthened accountability and transparency mechanisms in… Read More
Government Treasury Role of Treasury Management Systems Government financial management and accounting are different from that of private businesses. The accounting principles and regulatory requirements are unique to governments. For instance, governments have to maintain a high level of transparency and accountability, which requires the use of specialized accounting standards. Private sector ERP systems are not designed to handle these specific requirements… Read More
Government Treasury Management graphic The Benefits of Government Treasury Management Treasury management refers to the process of managing an organization's financial resources, including its cash, investments, and liabilities. Government Treasury Management is a critical aspect of fiscal governance that helps countries manage their financial resources, support economic growth, and ensure transparency and accountability in public finances. A well-managed treasury system can provide governments with the… Read More

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