New Partnership for FreeBalance Promotes Sustainability and Economic Development in Africa

FreeBalance joins Canadian Council on Africa, a corporate social responsibility
(CSR) organisation

Ottawa, Canada (December 1, 2010) – FreeBalance, a global Government Resource Planning (GRP) software company and For Profit Social Enterprise (FOPSE), today announced it has joined the Canadian Council on Africa (CCAfrica), the only pan-Canadian organization dedicated to the economic development of Africa. With over 150 members active in every sector of the economy, CCAfrica is at the forefront of Canada’s economic relationship with Africa. CCAfrica is also concerned by diplomatic relations & social development of Africa. Please visit www.ccafrica.ca for more information.

FreeBalance helps governments across the world leverage robust government financial management technology to accelerate country growth. The company is uniquely positioned to support public financial management reforms in Africa. FreeBalance has successfully rolled out modern public financial management systems in challenging circumstances: limited connectivity, low bandwidth, lack of electrical power, and low capacity. FreeBalance recently announced agreements with the Governments of Liberia, Uganda, and MCA Namibia. FreeBalance is also working in Sierra Leone and Southern Sudan. The Government of Sierra Leone is a member of the FreeBalance International Steering Committee (FISC).

“FreeBalance looks forward to working with the Canadian Council on Africa to help promote greater economic activity in Africa,” said Manuel Pietra, President & CEO at FreeBalance. “FreeBalance has successfully worked with several African nations to modernise and reform their public financial management systems. This in turn has led to better governance, greater economic activity and increased investment, which benefits the people of those nations.”

The FreeBalance Accountability Suite is a Government Resource Planning (GRP) solution designed for the unique requirements of public financial management. FreeBalance covers the entire government budget cycle, including Budget Preparation and Budget Execution. The FreeBalance Accountability Suite supports the unique and evolving requirements of government, including the support of modern Government Resource Planning (GRP), Government Performance Management, Government 2.0, Shared Services and Service Oriented Architecture (SOA).

FreeBalance customers span the globe and the user community includes public financial management professionals in 18 countries, including Liberia, Namibia, Sierra Leone, Uganda, Southern Sudan, Timor-Leste, Afghanistan, Kosovo, and Iraq. FreeBalance operates in 15 customer time zones. FreeBalance has more than 60,000 users around the world. FreeBalance software manages a global civil service workforce of 1,500,000, and also manages a quarter trillion ($US) annual budgets worldwide.

About the Canadian Council on Africa
The Canadian Council on Africa (CCAfrica) is the only pan-Canadian organization dedicated to the economic development of Africa. With over 150 members active in every sector of the economy – including education, engineering, infrastructure, natural resources, energy, finance, legal, consulting, communications, information technology, manufacture, agri-food, environment, sustainable development and health, CCAfrica is at the forefront of Canada’s economic relationship with Africa. CCAfrica is also concerned by diplomatic relations & social development of Africa. Please visit www.ccafrica.ca for more information.

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. For more information, visit www.freebalance.com.

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