
Ottawa, Canada (Vocus/PRWEB) March 15, 2011
FreeBalance, a Government Resource Planning (GRP) software For Profit Social Enterprise (FOPSE), these days announced that the Government of the Democratic Republic of Timor-Leste (RDTL) has launched the web-based Transparency Portal.
The Timor-Leste Transparency Portal permits citizens to access historical and recent government financial details to monitor RDTL state funds effectiveness. Detail provided includes amounts allocated expenditure location, and program data. Citizens can investigate projects further to view spending budget transactions to make sure the spending budget is becoming spent as intended. This ensures honesty and transparency to improve citizen and investor confidence. The Timor-Leste Transparency Portal provides 10 years of budget data: the budget that was approved and the actual budget spent. Reports and filtered outcomes can be exported in PDF, Word, Excel, XML and HTML formats.
“With the launch of the FreeBalance Transparency Portal, the Government of Timor-Leste demonstrates worldwide leadership in transparency, trust and accountability,? said Manuel Pietra, President & CEO of FreeBalance. “Timor-Leste continues to modernize rapidly by adopting transparency initiatives, some of which have but been implemented in far more developed countries. Transparency and accountability are dominant themes in governance and are key elements at lowering corruption. Government transparency creates participation and confidence. Oversight improves government efficiency and effectiveness, strengthens capacity, and budget execution.”
The Government of Timor-Leste has leveraged wealthy web technology from FreeBalance so that it can integrate information from multiple sources, simplify finding info and make details externally offered for other systems. The Governments now has the alternative to display details from numerous sources, such as other government financial databases. The Transparency Portal integrates seamlessly within the FreeBalance Accountability Suite.
FreeBalance has been working with the RDTL since 2000. FreeBalance has supplied GRP software and PFM services supporting improved governance, accountability, and transparency. The Government of the Democratic Republic of Timor-Leste utilizes FreeBalance Financials, Purchasing, Assets, Human Capital Accountability, Treasury, and Performance Budgeting modules. The RDTL and FreeBalance worked closely to implement a range of items such as a Minister?s Dashboard.
FreeBalance clients span the globe and the user community includes public financial management specialists in 18 countries. FreeBalance operates in 15 customer time zones. FreeBalance has much more than 60,000 users about the world. FreeBalance software manages a global civil service workforce of 1,500,000, and also manages a quarter trillion ($ US) annual budgets worldwide.
About the Democratic Republic of Timor-Leste
Internationally recognized as an independent state in 2002, Timor-Leste is situated in South East Asia. Following 400 years of occupation, 24 years of war, two years of a United Nation?s led transitional administration, Timor-Leste restored its independence. Timor-Leste has witnessed rapid development in recent years and has been ranked 1 of the top ten fastest growing economies in the planet for the last three consecutive years. Tetum and Portuguese are the official languages.
About FreeBalance
FreeBalance helps governments around the globe leverage robust Government Resource Planning (GRP) technology to accelerate country growth. FreeBalance software program solutions for public monetary and human resource management support reform and modernization to increase governance, transparency and accountability. Excellent governance is needed to increase development results. For far more info, pay a visit to http://www.freebalance.com.
Media Contact:
Matthew Oliver
Director, Global Marketing and advertising & Alliances
E-mail: molivier(at)freebalance(dot)com
Ph: +1 613 301 9653
###
A lot more Timor-Leste Press Releases