Products

Products

The First Global Government Resource Planning Solution

Enabling PFM Reform that Matters

FreeBalance Accountability Suite™

FreeBalance has worked alongside the public sector for almost 40 years to develop and deliver government software solutions that support Public Financial Management (PFM) reform and modernization.

The FreeBalance Accountability Suite™ is a commercial off-the-shelf, Government Resource Planning (GRP) solution that covers the entire budget cycle and manages all critical government fiscal systems.

Public Financial Management Map

The only PFM solution designed exclusively

by government, for government

Across 25+ countries, the FreeBalance Accountability Suite™ is trusted to manage $425 billion in budget dollars. This is more than just budgeting. FreeBalance solutions empower governments to deliver economic growth, accountability and transparency to their citizens. The FreeBalance Accountability Suite™ is available in six base configurations to meet different government resource planning (GRP) requirements.

Government Performance Management

Government Performance Management

Government Performance Management empowers governments to achieve better results through access to data. Tying performance directly to budgeting allows for improved outcomes.
Public Financials Management

Public Financials Management

Commitment accounting and budget management are unique to the public sector, enabling budgetary and commitment controls. This includes budget and commitment accounting, assets and inventory.
Public Expenditure Management

Public Expenditure Management

Public Expenditure Management manages all functions related to government spending. Due to the unique needs of government this exceeds typical accounts payable functionality and includes expenditures, purchasing, procurement, grants and social programs.
Government Treasury Management

Government Treasury Management

Treasury Management enables governments to manage debt and investments. This includes bank reconciliation and cash management.
Government Receipts Management

Government Receipts Management

Governments raise revenue and collect receipts through a number of means. This includes non-tax revenue, taxation, and billing and receipts.
Civil Service Management

Civil Service Management

Civil Service Management enables governments to manage the civil service cycle from recruitment through retirement. This includes human resources and workforce, payroll, pensions, benefits, and self-service.
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FreeBalance Accountability Platform™

The entire FreeBalance portfolio is built on the FreeBalance Accountability Platform™, a web-based, Java-powered platform designed exclusively for government financial management. The platform supports centralized, decentralized or hybrid deployment models.

  • Postmodern Design
    Postmodern Design through ease of integration, massive configurability and flexible on-premises, private cloud, public cloud, community cloud and shared services support

  • Web Native
    Web Native using international web standards, no legacy software code deployed via the web and no web translation layer

  • Open System
    Open System supporting robust open source and commercial infrastructure through recognized industry standards, providing more choices

  • Unified Design
    Unified Design through component reuse across all applications, centralized metadata management, with ease of reporting

  • Highly Extensible
    Highly Extensible supporting additional functions and custom development thanks to a Service Oriented Architecture (SOA) and component reuse across applications

  • Progressive Activation
    Progressive Activation enables future configuration changes, process modernization, fiscal decentralization, and adding additional modules

Cost Savings

To ensure a low total cost of ownership, the FreeBalance Accountability Platform™ provides many efficiencies for government which means value for taxpayers:

Modular Approach

Modular Approach

Ability to add modules over time enables governments to implement critical functions based on the country context. A quicker path to value for money.

Support for Modernization

Support for Modernization

Progressive activation to support reform and modernization.

Minimal IT Support

Minimal IT Support

Optimized technical footprint reduces the burden on IT to manage computer systems, networks and middleware software.

International Financial Standard

The FreeBalance Accountability Suite™ supports the highest international standards for fiscal management and accounting, including those from:

  • United Nations

  • International Monetary Fund

  • World Bank

  • International Financial Reporting Standards (IFRS)

  • Millennium Challenge Corporation (MCC)

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What is Public Financial Management (PFM) Software?

Public Financial Management (PFM) software is an integrated financial management system used by governments to manage the entire budget cycle. This includes budget formulation, budget execution, accounting and reporting, and audit. Typically, all ministries, departments and spending agencies of a government are connected to a single, unified system. PFM software is also known as GRP or government resource planning software.

The FreeBalance Accountability Suite™ is a government software solution designed specifically for public financial management.

Additional Reading

Showcasing Good Public Financial Management Public Financial Management (PFM) refers to the set of processes and practices that governments use to manage public funds effectively. The importance of good PFM cannot be overstated, as it ensures transparency and accountability in the use of public resources, promotes good governance and helps governments to allocate resources efficiently. In this blog, we will… Read More
The Impact of Deficit Spending on Government Budgets: A Guide for Public Financial Management Professionals What is Government Deficit Spending? Government deficit spending refers to a situation where a government spends more than it earns in revenue, resulting in a budget deficit. Governments may resort to deficit spending for various reasons, such as to finance public projects, boost economic growth, or provide relief during times of crisis. Governments often aim… Read More
How Strong PFM Supports Sustainable Growth Public Financial Management (PFM) refers to the set of policies, procedures, and systems that a government puts in place to manage public resources, including revenue, spending, and debt. Effective PFM is critical for sustainable growth as it helps promote transparency, accountability, and efficiency in government finances. Benefits of Strong PFM Strong PFM has several benefits… Read More

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Contact FreeBalance to learn how we can help accelerate PFM reform in your country with our government software solutions.

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