Advisory

Advisory

PFM Reform Sequencing Is More Science Than Art

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Unparalleled Experience in PFM Reform

As a specialized business-to-government firm with unparalleled experience in Public Financial Management (PFM), FreeBalance is the first choice for governments looking to plan and implement a PFM reform and nation building program.

FreeBalance solutions align country priorities, national development plans and donor objectives.

Consulting

Public Sector Consulting

FreeBalance services help governments to achieve balanced prosperity, combat corruption, and deliver good governance, citizen wellbeing, sustainable development, and digital transformation outcomes.

These government advisory services are designed to:

  • Enhance government capabilities through country context analytics
  • Empower government-led reform and modernization through leveraging tools
  • Enable technology project management through government-specific agile methodology

Government Advisory Services


With deep experience in both developed and emerging countries, FreeBalance has unparalleled experience in public finance reform. Technology agnostic public sector consulting services enable governments to develop, implement and sustain effective PFM reform agendas.

FreeBalance’s Advisory Services are customized for governments and include:

Governance

Governance

Helping governments to identify the best sequence of PFM reforms based on their country context

Modern Ministry

Modern Ministry

Helping Ministries of Finance to achieve the internal structural and operational evolution required to support a modern PFM reform journey

Government Resource Planning

Government Resource Planning

Helping governments to successfully implement the right GRP solution based on a risk and opportunity analysis of GRP subsystems, data centre infrastructures and IT capabilities

Smart Prosperity

Smart Prosperity

Helping governments to align policies and budgets in order to achieve citizen wellbeing and sustainable development

Blockchain

Blockchain

Helping governments to assess readiness for the adoption of blockchain technologies

Pandemic Response

Pandemic Response

As the global PFM specialist, we’ve developed a portfolio of products and services to overcome fiscal challenges related to the pandemic

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What are the Key Elements of a Successful PFM Reform Program?

Our government advisory services enable governments to develop effective reform agendas. This consulting is technology agnostic – we never recommend “rip and replace” of Government Resource Planning (GRP) components with FreeBalance software unless there is no workable alternative.

These government advisory services are designed to:

  • Country Context
    We’ve adapted mainstream business strategy approaches to the public sector for a more objective determination of the country context within which governments operate.
  • PFM Sequencing
    A structured analytical approach yields effective plans that include prioritization based on context, logical mapping of inputs based on dependencies. This approach also identifies how governments can improve their PEFA scores.

Additional Reading

People examining economic statistic. Financial examiner. Vector illustration. Good Practices in Chart of Accounts Design The Chart of Accounts (COA) or “budget classification” is arguably the most critical part of effective Public Financial Management (PFM) reform and Integrated Financial Management Information Systems (IFMIS) design. The COA for government is more complicated than in the private sector and the COA often changes to reflect legal and financial management reform. Read More
What is the FreeBalance PFM Component Map? The pressure is on for governments to modernize and invest in new technologies, but it can be hard to know where to start or how to prioritize these investments. The practice of acquiring an Integrated Financial Management Information Systems (IFMIS) often begins with the context of private sector accounting or existing software in use. But financial… Read More
Feeling different; quality, human value and teamwork concepts. What Does FreeBalance Do Differently? Government Resource Planning (GRP) implementations for government Financial Management Information Systems (FMIS) differ from alternatives such as Enterprise Resource Planning (ERP) systems designed for the private sector. Read More

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Contact FreeBalance to learn how we can help accelerate PFM reform in your country.

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