FreeBalance predicts Government 2.0 will transform Public Financial Management

FreeBalance Vice President hosting Government Performance Management session at ICGFM Winter 2009 conference in Washington, DC

Ottawa, Canada(December 2, 2009) - FreeBalance, 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 today announced participation in the International Consortium on Government Financial Management (ICGFM) 2009 Winter Conference conference. The event takes place from December 2nd to 4th at the Inter-American Development Bank (IDB) Enrique Iglesias Conference Center at 1330 New York Ave. in Washington, D.C. The theme for the conference is “Performance. Results. Outcomes. Understanding Impact in Managing Public Finance”.

Doug Hadden, Vice President of Products at FreeBalance will host an interactive session on Thursday, December 3rd at the Enrique Iglesias Conference Center detailing how Government 2.0 will transform the practice of government performance and public financial management. The session will focus on the limitations of current practices and the linkages between performance management and Government 2.0. This presentation will demonstrate practical approaches to improve performance in government.

“Government 2.0 equips governments with the tools needed to provide a 360 degree view of government performance and public financial management,” said Doug Hadden, Vice President of Products at FreeBalance. “Government 2.0 enables governments to evaluate the overall effectiveness and societal impact of government initiatives.”

The practices of private sector performance management is narrow focused and lacks crucial aspects of government performance. Government 2.0 is a new trend in government transformation. Government 2.0 will transform the practice of performance management and public financial management.

Doug Hadden also serves as ICGFM Vice President of Communications. Media coverage of the ICGFM 2009 Winter Conference will also engage social networking for knowledge transfer and collaboration. Real time event updates will be broadcast by twitter, blogging, video, presentation sharing, document sharing and social networking. Access ICGFM 2009 Winter Conference event coverage using the following social media services:

• Event blog at http://icgfm.blogspot.com/
• Picture gallery at http://www.flickr.com/photos/icgfm/
• Videos at http://www.youtube.com/user/icgfmconference
• Presentations at http://www.slideshare.net/icgfmconference
• Documents and Journal Articles at http://www.scribd.com/icgfmconference
• Social Networking at http://www.linkedin.com/groups?gid=1677477

The ICGFM Winter 2009 conference includes workshops, presentations and interactive sessions which focus on the use of performance frameworks in Public Financial Management (PFM). Senior level government financial managers from more than 30 countries including Poland, China, Brazil, Benin, and Bosnia will present PFM case studies. Limited to 130 representatives from the range of government finance – budget, audit, accounting, IT, policy, and treasury -- the conference serves as a global forum to share successes and lessons learned in public financial management.

About ICGFM
Working globally with governments, organizations and individuals, the ICGFM is dedicated to improve financial management by providing opportunities for professional development and information exchange. More information about ICGFM is available at www.icgfm.org.

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.