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FreeBalance Participates in Eastern and South African Public Financial Management (PFM) Conference in Nairobi, Kenya

Annual ESAAG event to explore PFM as a driver in good governance and service delivery

Ottawa, Canada (February 17, 2011) - FreeBalance, a Government Resource Planning (GRP) software company, will be participating in the 18th Annual Eastern and South African Association of Accountants General (ESAAG) Conference. The ESAAG event will take place February 21 to 25 in Nairobi, Kenya. ESAAG supports the improvement of the democratic processes through transparency and accountability and by strengthening of the government accounting profession.

FreeBalance is uniquely positioned to support PFM reforms in Africa. FreeBalance has successfully assisted governments to implement modern PFM systems in challenging circumstances. The FreeBalance Accountability Suite has been implemented in African and other emerging nation governments where there has been limited connectivity, low bandwidth, lack of electrical power, and low human 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 has developed a methodology to improve implementation success that includes project governance, change management and progressive activation of system features. The FreeBalance Accountability Suite is distinguished by strong and flexible budget control. Recent innovations from FreeBalance include Transparency and Procurement portals to improve government accountability.

“The 2011 ESAAG event is well aligned with the FreeBalance vision for PFM in governments in Africa,” said Manuel Pietra, President & CEO of FreeBalance. “The FreeBalance Accountability Suite is designed specifically for PFM and covers the entire budget cycle including budget preparation, budget execution and civil service management to improve governance. PFM reform is critical to improving good governance. Good governance is needed for economic development.”

ESAAG member countries include Botswana, Kenya, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Rwanda, South Africa, Swaziland, Uganda, Tanzania, Zambia, and Zimbabwe. Over 500 delegates from member countries and the international PFM and accounting community are expected. FreeBalance has been a strong supporter of ESAAG since first participating as an exhibitor and sponsor of the 2006 conference in Maseru, Lesotho.

Conference items include: An IFMIS Sub-system for Project Monitoring for More Effective Service Delivery; XBRL – A Future Language of the Government for Greater Accountability; The Role of an IFMIS in Effective and Efficient PFM; The Importance of Change Management for an Effective PFM Reform; and Why a Strong Internal Control Model is a Must for an Effective PFM system.

FreeBalance customers span the globe and the user community includes public financial management professionals in 18 countries, including Liberia, Namibia, Sierra Leone, Uganda, and Southern Sudan. 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 ESAAG
The East and Southern African Association of Accountants General (ESAAG) is the regional body of Accountants General which supports its members in adoption and implementation of best practice in Public Financial Management practices. ESAAG holds an International conference every year to which its members and non-members are invited.  The objective of the conference is to appraise participants from ESAAG and those from outside the association of the developments in Public Financial Management Reforms.  The conference is also an excellent opportunity for networking, exchange of ideas and information and sharing solutions on issues of mutual concern in public sector financial management.

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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