BENEFITS - FreeBalance · The FreeBalance Accountability Suite is the only public financial...

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The FreeBalance Accountability Suite is the only public financial management (PFM) solution designed exclusively for government. Across 23 countries, the FreeBalance Accountability Suite is trusted to manage $350 billion in budget dollars. This is more than just budgeting. Our solutions empower gov- ernments with the foundation to bring economic growth, accountability and transparency to their citizens. The FreeBalance Accountability Suite is a flexible, modular financial management system that starts off simple but can scale to reflect the evolving needs of government and public sector organizations. FEATURES Aggregate fiscal controls Multiple levels of allotment controls Multiple commitment levels Multi-funds & project controls Multi-year chart-of-accounts BENEFITS Designed exclusively for government 100 per cent, purpose-built for government. Not an adapted enterprise solution. Proven robust technology Perfected over 30 years working alongside governments. Commercial off-the-shelf solution Modular design enables quick configuration and customization. Lower Total Cost of Ownership Solutions can be scaled up or down to meet needs. The FreeBalance Accountability Suite is a complete solution that covers the entire government resource planning cycle. freebalance.com | [email protected]

Transcript of BENEFITS - FreeBalance · The FreeBalance Accountability Suite is the only public financial...

Page 1: BENEFITS - FreeBalance · The FreeBalance Accountability Suite is the only public financial management (PFM) solution designed exclusively for government. Across 23 countries, the

The FreeBalance Accountability Suite is the only public financial management (PFM) solution designed exclusively for government.Across 23 countries, the FreeBalance Accountability Suite is trusted to manage $350 billion in budget dollars. This is more than just budgeting. Our solutions empower gov-ernments with the foundation to bring economic growth, accountability and transparency to their citizens.

The FreeBalance Accountability Suite is a flexible, modular financial management system that starts off simple but can scale to reflect the evolving needs of government and public sector organizations.

FEATURES Aggregate fiscal controls Multiple levels of allotment controls Multiple commitment levels Multi-funds & project controls Multi-year chart-of-accounts

BENEFITS Designed exclusively for government

100 per cent, purpose-built for government.Not an adapted enterprise solution.

Proven robust technologyPerfected over 30 years working alongside governments.

Commercial off-the-shelf solutionModular design enables quick configuration and customization.

Lower Total Cost of OwnershipSolutions can be scaled up or down to meet needs.

The FreeBalance Accountability Suite is a complete solution that covers the entire government resource planning cycle.

freebalance.com | [email protected]

Page 2: BENEFITS - FreeBalance · The FreeBalance Accountability Suite is the only public financial management (PFM) solution designed exclusively for government. Across 23 countries, the

Progressive activation Language and localization Multiple currencies Multi-year commitments

SOLID FOUNDATIONThe FreeBalance Accountability Platform is a web-based Java-powered platform designed for government financial man-agement. Our applications support centralized environment, but are also flexible enough to accommodate decentralized & hybrid models.

GOVERNMENT PERFORMANCE MANAGEMENTPerformance management empowers government

to achieve better results through access to data. Tying performance directly to budgeting allows for improved

outcomes.

PUBLIC FINANCIALS MANAGEMENT Commitment accounting and budget management

are unique to the public sector, enabling budg-etary and commitment controls. This includes

budget and commitment accounting, assets and inventory.

GOVERNMENT TREASURY MANAGEMENTTreasury management enables governments to

manage debt and investments. Treasury management includes bank reconciliation,

and cash management.

PUBLIC EXPENDITURE MANAGEMENTPublic expenditure management reflects all functions related to government spending. This includes expenditures and purchasing, procurement, and grants & social programs.

GOVERNMENT RECEIPTS MANAGEMENTGovernments raise revenue and collect re-ceipts through a number of means. This includes non-tax revenue, taxation, and billing and receipts.

CIVIL SERVICE MANAGEMENTCivil service management enables governments to manage the civil service cycle from recruit-ment through retirement. This includes human resources & workforce, payroll, pensions, and benefits & self-service.

The FreeBalance Accountability Suite is available in six base configurations to meet differ-ent government resource planning (GRP) requirements:

United Nations International Monetary Fund World Bank

FULLY FEATURED

Year-end & period-end procedures Multiple accounting methods Adjustable fiscal periods

Custom workflow & business rules Custom fields Custom forms and reports

SUPPORTED INTERNATIONAL STANDARDSThe FreeBalance Accountability Suite supports the highest in-ternational standards for fiscal management and accounting, including those from:

International Financial Reporting Standards (IFRS) International Federation of Accountants (IFAC) Millennium Challenge Corporation (MCC)