Company Overview
FreeBalance is a global provider of software solutions for public financial management (PFM). PFM is an essential part of the international development process. FreeBalance solutions support government modernization, fiscal decentralization, and public finance reform across all levels of government.
The FreeBalance Accountability Suite is a commercial off-the-shelf integrated financial management information system (IFMIS). FreeBalance software is available in client-server and web-based configurations. The FreeBalance IFMIS is implemented by activating functionality options through software configuration rather than bespoke programming and software source code customization.
| Annual Growth Rate |
18-20% |
| International Users |
35,000 |
Canadian Users |
25,000 |
Global Civil Service Workforce Managed with FreeBalance software |
1,500,000 |
Annual Budgets Managed Worldwide |
Quarter Trillion ($US) |
Countries using FreeBalance software |
18 |
Number of Customer Time Zones |
15 |
Government Entities using FreeBalance software |
200+ |
FreeBalance Advantages
FreeBalance provides government-optimized, compact, and easily sustainable software that was designed for government and can easily be adapted to any country context or level of government.
- Proven Technology - The most widely used financial software across the Government of Canada. Robust technology with more than 15 years of successful implementations, even under the most difficult conditions in post-conflict countries.
- Programmed for Government - No customization required. Quick configuration to specific country context. FreeBalance software is optimized for public finance, with fiscal controls and government financial management rules built into the main code of the software.
- Progressive Activation - Key for government self-reliance, post-implementation software sustainability, and lower Total Cost of Ownership (TCO). FreeBalance solutions can be scaled down to basic capability for fast initial implementation and then gradually scaled up. Features and functionality are activated by selecting configuration options and adding budget controls over time.
FreeBalance at a Glance
| Established: |
1984 |
| Headquarters: |
Ottawa, Canada |
| Offices: |
Lima (Peru), Lisbon (Portugal), London (Great Britain), Miami, FL and Washington, DC (United States), Pristina (Kosovo), St. John (Antigua and Barbuda) |
| Focus: |
Government sector |
| Solutions: |
Public Financial Management |
| Software Category: |
Integrated Financial Management Information Systems (IFMIS) |
| Product: |
FreeBalance Accountability Suite |
| Methodology: |
ISO 9001:2000 certified Quality Management System integrates implementation and development to fast-track deployments |
| Customers: |
Over 100 central, regional and local government organizations worldwide, the leading vendor of public expenditure control systems to the Canadian federal government |
| Recognition |
Ranked as one of Canada's Top 100 Software Companies |
| Funding |
Leading venture capital firms |
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