FreeBalance® Accountability Suite
FreeBalance Performance Procurement
FreeBalance Performance Procurement is a web-based purchasing and procurement application designed for government organizations. FreeBalance Performance Procurement provides adaptable workflow to conform to the entire budget and procurement cycle.
FreeBalance Performance Procurement is highly configurable end-to-end front and back office purchasing, proposal management, procurement, contract management and goods and services receipt software. FreeBalance Performance Procurement integrates with budgets, appropriations and commitments to ensure that expenditures and planned expenditures meet budget regulations.
Leveraging the FreeBalance Accountability Platform ensures procurement performance management, accountability and transparency, improves efficiencies and increases business accessibility through configurable workflow, business rules, document assembly and integration. Mundane tasks are automated to allow purchasing managers to focus on high value work such as ensuring vendor best value. Reusable procurement components enable governments to deploy procurement functionality in a stepped modular fashion that adheres to process and approval rules.
FreeBalance Performance Procurement Highlights
- Procurement Solicitation - enables creating tender, integrating with financial management system for commitment, and supporting different workflows depending on purchasing vehicle and estimated tender amount.
- Vendor and Catalogue Management - supports simple to complex procurement, review, assessment, purchase order and obligation.
- Receiving and Contract Management - supports goods and services receipt, integration with asset and inventory system, and complex payment methods.
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