Aldo Segastume, FreeBalance Director of New Product Development, demonstrated the FreeBalance Transparency Portal at the FreeBalance International Steering Committee (FISC) conference in Madeira Portugal. This new product shows government budget execution information on a publicly-available portal. Mr. Segestume showed how citizens can drill down to original budget, transfers, commitments, obligations and actuals. He was able to drill down through elements of the government chart of accounts to find budget execution information.
The FreeBalance Transparency Portal provides interactivity; unlike static PDF reports provided to the public my many governments. He demonstrated 10 years of interactive data, and export to Excel, HTML, XML, PDF, Word. Machine-readable information in a consistent manner supports effective government transparency, according to Mr. Segastume. Governments are able to publish data in a single location at a lower cost. Everyone gets access to the same data.
FreeBalance Transparency Portal data is automatically pulled from the FreeBalance Accountability Suite to show budget transparency. Additional information such as text content and links to government documents is provided. The portal can be integrated within the government web infrastructure to allow for seamless navigation.
The annual FreeBalance International Steering Committee (FISC) conference runs from January 16 – 19, 2011 in Madeira, Portugal. FISC provides an interactive forum to exchange Public Financial Management (PFM) good practices among international customers and PFM thought leaders. FISC drives the FreeBalance Accountability Suite product vision to direct FreeBalance GRP solutions. Previous FISC events were held in Mt. Tremblant, Canada (2010); Prague, Czech Republic (2009); Cascais, Portugal (2008); and London, United Kingdom (2007).