FreeBalance Demonstrates Government Resource Planning (GRP) Solution at Financial Management Institute of Canada, Public Sector Management Workshop 2010

Annual workshop to explore "Cresting the Wave – Innovations in Accountability" theme

Ottawa, Canada (June 10, 2010) – FreeBalance, a global Government Resource Planning software company, will be demonstrating the latest advance in GRP technology, the FreeBalance Accountability Suite Version 7, at the Financial Management Institute (FMI) of Canada Public Sector Management Workshop (PSMW) 2010. The workshop will be held at the Marriott Halifax Harbourfront, Halifax, Nova Scotia, June 13-15, 2010. The FMI of Canada has been providing PSMW participants with educational opportunities, information exchange platforms and incomparable chances to network with colleagues, industry leaders and corporate suppliers for over 20 years.

The theme of the workshop is “Cresting The Wave – Innovations in Accountability”. Attendees will explore the issue that the public sector has been riding a wave of change, responding to pressures that have resulted from financial scandal, environmental issues and economic instability. The PSMW session complements the FMI national development program and emphasizes local and regional themes with a hands-on approach. Experts in public sector management will share innovations and identify challenges and issues in the financial management community.

"The PSMW 2010 theme is well aligned with the FreeBalance vision for achieving aggregate fiscal control and better management of public funds," said Manuel Pietra, President & CEO of FreeBalance. "The FreeBalance Accountability Suite Version 7 has been designed specifically for public financial management to facilitate government transparency and accountability. This innovative technology covers the entire budget cycle including budget preparation, budget execution and civil service management."

FreeBalance recently announced that its Departmental Individual Standing Offer (DISO) for the Government of Canada has been renewed and updated to support the FreeBalance Accountability Suite Version 7. Effective May 1, 2010, the FreeBalance DISO (E60ET-9-0010/001/ET) is a standing offer for software products negotiated with Public Works and Government Services Canada (PWGSC). FreeBalance worked closely with the FreeBalance Government of Canada Cluster (GCC) to ensure that the updated DISO provides the necessary pricing and deployment flexibility.

FreeBalance Version 7 supports the unique and evolving requirements of government, including GRP, Government Performance Management, Government 2.0, Shared Services and Service Oriented Architectures (SOA). FreeBalance Version 7 covers the entire budget cycle and provides fiscal control over fund allocations, expenditures, appropriations, revenue administration, and human resources. FreeBalance Version 7 is a fully compliant J2EE solution. The n-tier architecture allows departments and agencies to leverage existing web, application and database clusters. Unlike traditional software solutions, the FreeBalance Accountability is fully web based and has no hidden client/server technologies.

The FreeBalance Accountability Suite is one of the most widely deployed financial management systems inside the Government of Canada. More than 50 government departments and agencies use FreeBalance software for enhanced public financial management.

About the Financial Management Institute of Canada
The Financial Management Institute of Canada (fmi*igf) is a nationally recognized, not-for-profit volunteer association, founded in 1962. What started out as a small group of senior federal government accountants meeting around a lunch table to discuss issues of financial management and the role of financial advisors within government has grown to thousands of members, both within and outside the public sector, all working to improve the financial management of all levels of government across Canada. For more information, visit www.fmi.ca.

About FreeBalance
FreeBalance helps governments around the world leverage robust Government Resource Planning (GRP) technology to accelerate country growth. FreeBalance software solutions for public financial and human resource management support reform and modernization to improve governance, transparency and accountability. Good governance is required to improve development results.

Founded in 1984, FreeBalance is a for-profit-social-enterprise (FOPSE) company headquartered in Ottawa, Canada, with sales and support offices in Washington, DC (United States), Lima (Peru), Lisbon (Portugal), London (Great Britain), Pristina (Kosovo) and St. John (Antigua and Barbuda). FreeBalance solutions have been implemented in countries across the globe, including Canada, United States, Sierra Leone, Guyana, Pakistan, Mongolia, Afghanistan, Antigua & Barbuda, Timor-Leste, Republic of Kosovo, Palestine, and Uganda. For more information, visit www.freebalance.com.

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