What is GRP?
Governments don’t have shareholders. They report to citizens, and citizens demand transparent and open government.
That’s where FreeBalance comes in.
We developed Commercial Off-the-Shelf (COTS) Government Resource Planning (GRP) application and platform software to meet the unique needs of government. 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™ automates the management of the entire government budget cycle, including policy-based budgeting, medium-term expenditure frameworks (MTEF), budget transfers, spending priorities, external resource management, special project accounts and fiscal decentralization.
GRP. Not ERP.
FreeBalance’s GRP software is designed exclusively for government. The software is applicable only in the public sector. Enterprise Resource Planning (ERP) software was initially designed for the private sector.
GRP is software designed for the unique requirements of public financial management. GRP software is budget-driven through the use of Commitment Accounting, where the budget is the legal embodiment of government objectives. Commitment Accounting is used only in government and other forms of public financial management.
Governments carry complex mandates. Improving results requires mechanisms in GRP software for planning and analysis throughout the Budget Cycle with an emphasis on improving government services.
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.
Government Performance Management, Government Services and Accountability
The FreeBalance Accountability Suite™ is a configurable and scalable GRP solution for all levels of central, regional and local government.
Today, FreeBalance GRP solutions are implemented globally within governments across the world. Customers include the governments of Afghanistan, Antigua and Barbuda, Brazil, Canada, Guyana, Haiti, Honduras, Jamaica, Kosovo, Mongolia, the Philippines, Sierra Leone, Southern Sudan, Suriname, Sri Lanka, Timor-Leste, Uganda, and the USA.
The software can be easily localized and configured for international deployment. FreeBalance supports multiple countries with different localization and modernization needs.
Other Public Sector Verticals
FreeBalance works with global partners to deliver specific vertical solutions, such as:
- Public Health
- Public Education
- Central Banks
- Pension Funds
- State-Owned Enterprises
For more information, please get in touch.
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Contact FreeBalance to learn how we can help accelerate PFM reform in your country.