FreeBalance Accountability Suite Modules

The FreeBalance Accountability Suite is a comprehensive Government Resource Planning software designed to support Public Financial Management:

Government Performance Management

  • Performance Budgeting modules to support credible budgets, forecasting and improved government performance including budget preparation, government performance management and a Key Performance Indicator (KPI) library.
  • Monitoring and Evaluation modules to support improved decision-making including records management, reporting, data mart, dashboards and alerts.
  • Government Transparency modules to support publishing performance and budget information to a transparency portal and computer-aided audit.

Public Financials Management

  • Budget and Commitment Accounting modules to support core government financial functions for unitary governments, national governments, line ministries, sub-national and municipal governments and projects.
  • Assets and Inventory modules to support government fixed assets, stores, fleet and facilities.
  • Projects and Job Costing modules to support project management link budgeting and project accounting to project estimates and forecasts.

Government Treasury Management

  • Bank Reconciliation to support multiple currency bank management including reconciliation processes, migration to a Treasury Single Account (TSA) and foreign exchange gains and losses.
  • Cash Management to optimize liquidity including cash forecasting based on the commitment cycle, historical trends and manager reports.
  • Debt and Investment Management supporting debt servicing and the modeling of debt and investment financial vehicles.

Public Expenditures Management

  • Expenditures and Purchasing to support expenditure controls for standard expenditures including payment management, multiple purchasing vehicles and the purchasing cycle.
  • Procurement to support fiscal discipline on large scale government acquisitions including tendering, e-procurement, contract and spend management.
  • Grants and Social Programs including government grant, loan and contribution management.

Government Receipts Management

  • Non-Tax Revenue to support government sales and other income including sales, permits and licensing.
  • Tax Revenue to support tax administration for income, business, import and property.
  • Billing and Receipts to support receipts collection including utility billing, collections and cashiering.

Civil Service Management

  • Human Resources to support civil service reform and management including movement, capacity building, salary planning, performance appraisal and recruitment.
  • Payroll and Pensions to support government rules for payroll and pensions.
  • Benefits and Self-Service including civil service benefits, travel and subsistence and self-service portals.