FreeBalance Modernizing public financial management.

Company

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, Government Resource Planning (GRP) solution. FreeBalance software is available in web-based and client-server configurations. The FreeBalance GRP solution 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

19

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.

  1. 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.
  2. 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.
  3. Progressive Activation- Key tor 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

Bishkek (Kyrgyzstan)
Dili (Timor-Leste)
Freetown (Sierra Leone)
Georgetown (Guyana)
Guatemala City (Guatemala)
Islamabad (Pakistan)
Kampala (Uganda)
Lima (Peru)
Lisbon (Portugal)
Pristina, (Kosovo)
Ramallah (West Bank)
Washington, DC and Miami, FL (USA)

Focus

Government sector

Solutions

Public Financial Management

Software Category

Government Resource Planning (GRP)

Product

FreeBalance Accountability Suite

Methodology

ISO 9001:2008 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 controls systems to the Canadian federal government

Recognition

Ranked as one of Canada's Top 100 Software Companies

Funding

Leading venture capital firms