Governments can use effective budget preparation, scenario planning and budget execution components of the FreeBalance GRP solution to identify the effects of financial crisis.
Ottawa, Canada (Vocus) May 18, 2010
FreeBalance, a global software company that helps governments leverage robust Government Resource Planning (GRP) technology to accelerate country growth, today announced it is demonstrating its GRP solution, the FreeBalance Accountability Suite, at the ICGFM Spring Conference, May 17 – 21, 2010 in Miami, USA. The FreeBalance Accountability Suite delivers Government 2.0 functionality through providing government knowledge management and collaboration functionality integrated with budgetary and financial transactions. Government 2.0 solutions drive budget predictability through transparency, participation and collaboration. The ICGFM Miami conference enables public financial management (PFM) practitioners and development partners to share good practices. To register for the event, visit http://www.icgfm.org.
"The economic realities resulting from the worst financial crisis in 70 years are commonly referred to as the ‘new normal’," said Manuel Pietra, President & CEO of FreeBalance. "Many budget preparation software applications used by governments are ineffective in handling financial crisis. Governments can use effective budget preparation, scenario planning and budget execution components of the FreeBalance GRP solution to identify the effects of financial crisis. This enables governments to react quickly with minimum disruption to government objectives.”
During the ICGFM Miami conference, presentations, blog posts, and other web 2.0 social networking tools will be available, including:
- Event blog: icgfm.blogspot.com/
- Picture gallery: flickr.com/photos/icgfm/
- Videos: youtube.com/user/icgfmconference
- Presentations: youtube.com/user/icgfmconference
- Documents and Journal Articles: scribd.com/icgfmconference
- Social Networking: linkedin.com/groups?gid=1677477
- Twitter: twitter.com/freebalance
The International Consortium on Government Financial Management (ICGFM) is a non-profit organization dedicated to improving public financial management so that governments may better server their citizens. The ICGFM provides knowledge transfer for good practices through conferences, forums and the publication of the International Journal on Government Financial Management.
FreeBalance is a Sustaining Member of the ICGFM. Other members include The World Bank; The International Monetary Fund; the United States Agency for International Development – Inspector General; the Association of Government Accountants (USA); Grant Thornton; and The Development Gateway Foundation. FreeBalance executives involved with the ICGFM include Manuel Pietra, a member of the Board of Directors, and Doug Hadden, a member of the Executive Committee.
FreeBalance customers span the globe and the user community includes public financial management professionals in 18 countries, including Namibia, Sierra Leone, Uganda, Southern Sudan, Timor-Leste, Afghanistan, Kosovo, and Iraq. FreeBalance operates in 15 customer time zones. FreeBalance has more than 60,000 users around the world. FreeBalance software manages a global civil service workforce of 1,500,000, and also manages a quarter trillion ($US) annual budgets worldwide.
Working globally with governments, organizations, and individuals, the International Consortium on Governmental Financial Management is dedicated to improving financial management by providing opportunities for professional development and information exchange. The International Consortium on Government Financial Management (ICGFM) was established over two decades ago to serve as an international forum for public sector financial managers.
The ICGFM brings together government leaders, public financial management experts, international donors and program managers every year at the ICGFM Conference in Miami. Representatives from Africa, Asia, Europe, Latin America, and North America – 50+ countries in 2008 -- will be gathering in Miami to discuss what their governments are doing in response to the global economic downturn and how they are preparing public financial management to deal with the economic uncertainty. More at http://www.icgfm.org.
FreeBalance helps governments around the world leverage robust Government Resource Planning (GRP) technology to accelerate country growth. FreeBalance software solutions for public financial and human resource management support reform and modernization to improve governance, transparency and accountability. Good governance is required to improve development results.
Founded in 1984, FreeBalance is a for-profit-social-enterprise (FOPSE) company headquartered in Ottawa, Canada, with sales and support offices in Washington, DC (United States), Lima (Peru), Lisbon (Portugal), London (Great Britain), Pristina (Kosovo) and St. John (Antigua and Barbuda). FreeBalance solutions have been implemented in countries across the globe, including Canada, United States, Sierra Leone, Guyana, Pakistan, Mongolia, Afghanistan, Antigua & Barbuda, Timor-Leste, Republic of Kosovo, Palestine, Panama, and Uganda. For more information, visit http://www.freebalance.com.
Public Relations Specialist
Tel: +1 (613) 218 4938