Global Public Financial Management (PFM) Reform, Modernization and Digital Transformation is Supported by FreeBalance

FreeBalance, a global Public Financial Management (PFM) solutions and advisory services firm, has committed to helping governments leverage technology to deliver economic growth, accountability and transparency to support service delivery citizens. With a nearly 40-year track record of success and operations in 25+ countries, FreeBalance has unparalleled experience in public finance reform as a specialized business-to-government (B2G) firm.

The company’s flagship product, FreeBalance Accountability Suite™, is a highly configurable, modular, Integrated Financial Management Information System (IFMIS). It supports decision-making, improves fiscal discipline, and enhances expenditure control in customer countries. FreeBalance customers have achieved an average of 27% improvement in key PFM performance indicators as measured by the independent Public Expenditure and Financial Accountability (PEFA) program.

FreeBalance is ISO 9001:2015 certified and has been appraised at level 2 of ISACA’s Capability Maturity Model Integration (CMMI). The company invests and hires locally and commits to working in partnership with its government customers to support comprehensive, complex and cross-cutting PFM reform projects. Such projects are transformational in nature and require robust change management programs to help ensure that the new systems and policies are adopted by civil servants and that the benefits of the implementation are realized.

FreeBalance complements customer change management programs with capacity building and training programs offered in-person and online through the FreeBalance Academy. The company is committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labour, the environment and anti-corruption.

Matthew Olivier, Global Marketing Executive at FreeBalance, said: “We are dedicated to improving citizen well-being and combating corruption around the world by enabling governments to achieve PFM reform through digital transformation. Our experience has shown that technology is only one of the important enablers of reform. Governments must plan to leverage the technology, tools and platforms effectively to deliver real digital transformation and change in a cost-effective and sustainable way.”

FreeBalance, a global Public Financial Management (PFM) solutions and advisory services firm, is committed to helping governments around the world leverage technology to deliver economic growth, accountability and transparency to support service delivery citizens. With nearly 40 years of experience in 25+ countries, FreeBalance has established itself as a leading B2G firm, providing the technology platform for government resource planning and its flagship product, FreeBalance Accountability Suite™, which supports decision-making, improves fiscal discipline, and enhances expenditure control in customer countries.

FreeBalance customers have achieved an average of 27% improvement in key PFM performance indicators as measured by the independent Public Expenditure and Financial Accountability (PEFA) program. The company is ISO 9001:2015 certified and has been appraised at level 2 of ISACA’s Capability Maturity Model Integration (CMMI).

In addition, FreeBalance complements customer change management programs with capacity building and training programs offered in-person and online through the FreeBalance Academy. It is also committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labour, the environment and anti-corruption.

Matthew Olivier, Global Marketing Executive at FreeBalance, said: “We are dedicated to improving citizen well-being and combating corruption around the world by enabling governments to achieve PFM reform through digital transformation. Our experience has shown that technology is only one of the important enablers of reform. Governments must plan to leverage the technology, tools and platforms effectively to deliver real digital transformation and change in a cost-effective and sustainable way.”

FreeBalance, a Public Financial Management (PFM) solutions and advisory services firm, has committed to helping governments leverage technology to deliver economic growth, accountability and transparency to support service delivery citizens. With nearly 40 years of experience in 25+ countries, the company provides the technology platform for government resource planning and its flagship product, FreeBalance Accountability Suite™, which supports decision-making, improves fiscal discipline, and enhances expenditure control.

Customers of FreeBalance have achieved an average of 27% improvement in key PFM performance indicators as measured by the independent Public Expenditure and Financial Accountability (PEFA) program. The company is ISO 9001:2015 certified and has been appraised at level 2 of ISACA’s Capability Maturity Model Integration (CMMI). It complements customer change management programs with capacity building and training programs offered in-person and online through the FreeBalance Academy.

Matthew Olivier, Global Marketing Executive at FreeBalance, said: “We are dedicated to improving citizen well-being and combating corruption around the world by enabling governments to achieve PFM reform through digital transformation. Our experience has shown that technology is only one of the important enablers of reform. Governments must plan to leverage the technology

Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.

Leave a Reply

Your email address will not be published. Required fields are marked *