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    • FreeBalance
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    FreeBalance: Smart Governance Solutions for Governments

    Follow FreeBalance on :

    Manuel Pietra, President & CEO, FreeBalanceManuel Pietra, President & CEO
    Based out of Washington D.C., FreeBalance is a technological software development company dedicated to providing solutions to governments across the globe that streamlines issues related to their accounting and expenditure schemas. It also provides platforms that bring smart-tech enabled programs to government organizations and facilities to assist them in delivering intelligent administration through superior budgeting management and citizen engagement. The company follows three principles— accountability, transparency, good governance—to build the only smart management solution powered by and constructed exclusively for governmental operations. FreeBalance deals with a variety of sectors in the national agency space namely, the central, regional and local government bodies to provide them with solutions across all their projects.

    FreeBalance’s Accountability Suite brings new meaning to the word “smart” to government organizations by offering solutions that manage open government, decision-making, planning, procurement, and performance management functions. Governance Resource Planning (GRP) is at the heart of Smart Governance, and an integral part of GRP is Public Financial Management (PFM). According to a press release by FreeBalance, a smart government is not smart without effective PFM. In other words, the intelligent administration of fiscal requirements provides for immaculate governance and decision-making structures.
    The company’s platforms and solutions automate controls to improve the effectiveness of government performance through a single view of accumulated data. It allows for enhanced engagement with citizens, in turn, the public servants can have total transparency and pristine relationships with their residents. Also, the platform provides for prime analytics integration to automate planning, financing, and maintenance of projects.

    We don’t repurpose enterprise solutions, we build with the government, for the government

    The products can be easily implemented at government facilities and offer country-specific functionality across FreeBalance’s entire product suite. The solutions can be used from the get-go and support the exclusive requirements for each government integration, including localization, configuration and intertwining with other operational systems. Government administration professionals in 23 countries use the umbrella of software programs that FreeBalance deploys. According to company statistics, The Accountability Suite is used to manage a staggering quarter trillion US dollars worldwide annually.

    For any company to go forward and achieve success its relationships with customers play a crucial role, client referrals can bring more business to organizations thereby elevating their profits. At FreeBalance, the team of developers has client requirements at the core of everything they do, and often seek advice from the government operative experts by including them during product development procedures. A fact that enhances the company’s motto, We don’t repurpose enterprise solutions, we build with the government, for the government. To assure customers are always ahead, FreeBalance maintains close relationships through the company’s International Steering Committee and the Government of Canada Cluster Group. The partnerships ensure that products and services are always up-to-the-mark in quality standards, and are in line with global government expectations.

    Moving into the future, FreeBalance continues to scale new heights and has been immensely successful leveraging the only solution dedicated for government procedures and processes. The company hopes to climb the ladder of growth further by pushing governments to be more responsive by providing them with digital transformations that enhance governance and give the citizens better standards of living.
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    FreeBalance Info

    Company
    FreeBalance

    Headquarters
    .

    Management
    Manuel Pietra, President & CEO

    Description
    FreeBalance is a technological software development company dedicated to providing solutions to governments across the globe that streamlines issues related to their accounting and expenditure schemas

    2019

    FreeBalance News

    FreeBalance to Drive Public Financial Management Reform and Digital Transformation in Micronesia

    FreeBalance's technology and expert advisory services are key to realizing the goal of improved fiscal planning and reporting within National and State Governments

    OTTAWA, ON : FreeBalance, the leading provider of digital technology and advisory services for nationa... al governments, today announced that it has been selected to provide a new cloud-based financial management information system (FMIS) for the Government of the Federated States of Micronesia. The new FMIS forms part of the World Bank's Strengthening Public Financial Management project.

    FreeBalance will provide its unified government technology platform and specialist government advisory and technical implementation services to the national government and the four state governments of the Federated States of Micronesia (Chuuk, Kosrae, Pohnpei and Yap). Implementing the FreeBalance Accountability SuiteTM will help the country to improve the completeness, reliability and timeliness of fiscal reporting, ensure effective delivery of financial processes, and build citizen trust through enhanced transparency of financial information.

    Secretary of the Department of Finance and Administration, Rose Nakanaga, today said: "Developing a new FMIS is a key enabler of the Federated States of Micronesia's public financial management strategy. It is an inclusive tool that aligns with governmental strategic objectives and profoundly empowers our citizens, ensuring that every stakeholder has a clear window into the stewardship of our nation's resources, fostering trust and participation across all levels of society".

    This latest announcement follows the launch of a similar project for FreeBalance with the Government of Costa Rica in late 2023. Manuel Schiappa Pietra, President and CEO of FreeBalance said: "This important project enables the government to leverage digital technology to create a more transparent and accountable public financial management system in support of the citizens of Micronesia. We look forward to collaborating with the Government in the coming months to support the digital transformation of its fiscal processes and technology."

    The Government of the Federated States of Micronesia specifically sought a Commercial-Off-The-Shelf (COTS) cloud-based solution to support redesigning its public financial management (PFM) system. The FreeBalance Accountability SuiteTM will provide the Government of the Federated States of Micronesia with new methods to manage:

    • General Ledger and Chart of Accounts

    • Budget preparation, compilation, adoption, and execution

    • Accounts payable and accounts receivable

    • Bank and treasury management

    • Payroll and personnel management

    • Fixed asset and inventory management

    • Project, grant and fund management

    • Standard and customized reporting

    • Enhanced access for citizens to information on how public funds are used.

    A FreeBalance team of specialists will be located within the Federated States of Micronesia, supported by PFM experts in FreeBalance locations in the region and around the globe. This proven approach enables close collaboration with the government's project team while leveraging expertise from more than 25+ other FreeBalance implementations worldwide.


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