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FreeBalance aids Liberia's public finance reforms

Manuel Pietra, FreeBalance

Manuel Pietra, FreeBalance

Published on April 13th, 2010
Published on April 13th, 2010
OBJ Staff
Ottawa Business Journal

Ottawa-based FreeBalance’s government resource planning software has been chosen by the Republic of Liberia for implementation in five departments, as its government works to improve public financial management reforms and transparency.

Topics :
Ministry of Finance , Civil Service Agency , General Auditing Commission , Republic of Liberia , Africa , Uganda

FreeBalance said the west African country’s government will be deploying its Accountability Suite at Liberia’s Ministry of Finance, the Civil Service Agency and General Auditing Commission, and the software will be connected to the Central Bank of Liberia.

“We are honoured to work with the Government of the Republic of Liberia as it modernizes its public financial management system,” said FreeBalance CEO Manuel Pietra in a statement. “The people of Liberia will quickly realize the benefits of an automated, integrated government resource planning (GRP) software system. FreeBalance will also ensure that the Liberia GRP system is sustainable with a low total cost of ownership.”

The software suite will allow the country’s government to manage public financials and expenditures and its own performance. It will also help with the payroll management of a civil service workforce comprising roughly 40,000 employees.

The win is FreeBalance’s fifth deal in Africa, including recent wins with the Government of Uganda and the Namibia’s Millennium Challenge Account, an Africa-wide program to reduce poverty through economic growth and development.

FreeBalance’s software has been implemented in 18 countries in total, with several deployments in new democracies such as East Timor and Afghanistan, as well as deployments with Canada’s federal government.

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