Company growth since 2006 shows dramatic increase in size and scope of implementations worldwide
Ottawa, Canada (Vocus) November 6, 2009 -- FreeBalance, a leading global provider of software solutions for public financial management, is pleased to announce the results of its most recent internal audit which show a dramatic increase in the size and scope of FreeBalance Government Resource Planning (GRP) software implementations worldwide since 2006.
In 2006, President & Chief Executive Officer Manuel Pietra brought global experience to FreeBalance and introduced a new management team. FreeBalance was restructured into a global customer-centric company with a focus on government financial sustainability. The company added new customers in Canada, Pakistan, Panama, and Palestine and developed a unique approach to involve customers in the product development process. FreeBalance customers have also acquired new modules to support decentralization and the modernization of public financial management.
With the introduction of a new business strategy and management approach, FreeBalance is growing at a rate of 18-20% per year. FreeBalance Government Resource Planning (GRP) solutions are now used by over 25,000 civil servants in Canada and over 35,000 civil servants internationally. FreeBalance software solutions are being used to manage a global workforce of nearly 1.5 million civil servants and a quarter trillion dollars in annual budgets worldwide. The FreeBalance Accountability Suite has now been implemented in 18 countries across 15 different time zones and in more than 200 government entities at the national and sub-national level.
With the release of the new FreeBalance Accountability Platform and increasing interest in Government Resource Planning (GRP) solutions to support public financial management reform, the company is positioned for continued growth in 2010 and beyond. The FreeBalance Accountability Platform is the enabling technology used by FreeBalance and FreeBalance partners to develop web-based Government Resource Planning (GRP) solutions. The FreeBalance Accountability Platform was first introduced in 2008.
About FreeBalance:
Founded in 1984, FreeBalance is a For Profit Social Enterprise (FOPSE) software company that helps governments around the world to leverage robust Government Resource Planning (GRP) technology to accelerate country growth. Proven FreeBalance GRP products and focused methodology supports financial reform and modernization to improve governance, transparency and accountability. Good governance is required to improve development results.
FreeBalance is headquartered in Ottawa, Canada, with sales and support offices in Washington, DC (United States), Lima (Peru), Lisbon (Portugal), London (Great Britain), Pristina (Kosovo) and St. John (Antigua and Barbuda). FreeBalance solutions have been implemented in countries across the globe, including Canada, United States, Sierra Leone, Guyana, Pakistan, Mongolia, Afghanistan, Antigua & Barbuda, Timor-Leste, Republic of Kosovo and Panama. www.freebalance.com.
Media Contact:
Matthew Olivier
Director, Global Marketing & Alliances
FreeBalance
Tel: +1 (613) 236-5150 ext.129
Mobile: +1 (613) 301-9653
www.FreeBalance.com
www.twitter.com/freebalance
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