FreeBalance Government Resource Planning (GRP) Software Enabling Substantial Public Financial Management (PFM) Reform

Government Resource Planning (GRP) technology to accelerate country growth, is pleased to announce that the governments of Afghanistan, Kosovo, Sierra Leone and the West Bank recently received a rating of “substantial” for public financial management (PFM) reform. The World Bank report, Public Financial Management Reforms in Post-Conflict Countries: Synthesis Report, published earlier this month examined PFM reform in eight post-conflict countries.

The Synthesis Report provides no endorsement for the FreeBalance Accountability Suite or FreeBalance GRP implementation practices. Progress was analyzed in Afghanistan, Cambodia, Democratic Republic of the Congo, Kosovo, Liberia, Sierra Leone, Tajikistan and West Bank and Gaza. Afghanistan, Kosovo, Sierra Leone and West Bank and Gaza were rated as having substantial PFM reform. Afghanistan, Kosovo and Sierra Leone governments run the FreeBalance Accountability Suite at the national and sub-national levels. The FreeBalance Accountability Suite is implemented at municipalities within the West Bank. The Government of Liberia, rated as having “intermediate” progress, went live with the FreeBalance Accountability Suite last July...Afghanistan, Kosovo, Liberia, and Sierra Leone“ was a factor for PFM reform success. “We are happy to have contributed to improved governance in countries around the world,” said Manuel Pietra, FreeBalance President and CEO. “Technology can be a governance enabler and we are pleased to augment the efforts of public financial professionals to improve government effectiveness.” The Syntheis Report found a correlation between PFM reform success and improved World Bank Government Effectiveness ratings.

Human capacity and the level of development was found not to be a predictor of PFM reform success...The Synthesis Report found concluded that “budget execution reforms tend to be more successful, while some rethinking of reform approaches targeting budget planning on the one hand, and control and accountability on the other hand may be needed.”

The FreeBalance Accountability Suite has been implemented in post-conflict, developing, emerging economies and G7 countries. “Our success in post-conflict countries shows how we are able to sustainably support governance reform under the most challenging conditions,” said Doug Hadden, FreeBalance Vice President of Products. “The development of government-specific product architecture and implementation practices are as critical for success in Afghanistan as it is in Canada.”

About FreeBalance
FreeBalance helps governments around the world leverage robust Government Resource Planning (GRP) technology to accelerate country growth. FreeBalance is recognized as a leader in fast, adaptable and successful GRP implementations. FreeBalance software manages a global civil service workforce of 1,500,000, and a quarter trillion ($US) annual budgets worldwide. FreeBalance provides software solutions for public financial and human resource management, and supports reform and modernization to improve governance, transparency and accountability...For more information, visit http://www.freebalance.com.

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FreeBalance Media Contact:

Matthew Olivier
FreeBalance
Mobile: +1 (613) 301-9653
molivier (at) FreeBalance (dot) com    
http://www.FreeBalance.com

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/7/prweb9749431.htm