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, has been selected to provide an integrated Treasury Management Information System (TMIS) and Human Resource Management Information System (HRMIS) to the Government of Kyrgyz Republic.
The implementation will be undertaken in five phases. On completion, the FreeBalance Accountability Suite will be implemented in over 100 sites, including all central government ministries, agencies, departments, line ministries and regional treasury offices. FreeBalance software will also be implemented in 3,000 state agencies/budget organizations. The payroll system will manage a civil service workforce of 76,000 employees. The integrated TMIS and HRMIS project is a turnkey implementation of FreeBalance commercial off-the-shelf software and includes hardware and services. FreeBalance is partnered with Telecommunications Consultants India Ltd. (TCIL) and Unique Technologies on the delivery of this project.
“The Government of the Kyrgyz Republic is committed public expenditure reform that will establish a more strategic and transparent budget formulation and budget execution process,” said Mr. Zulpuev, Director of the Central Treasury and Deputy Minister of Finance of the Government of the Kyrgyz Republic. “The introduction of integrated planning solutions as part of the reform process positions our Government to affect change and provide new levels of accountability and value to our citizens.”
The Kyrgyz Republic is actively undertaking a wide-ranging reform process aimed at raising the government's potential for economic improvement. The integrated TMIS and HRMIS project is seen as a critical step in this process. Public sector reform programs in the Kyrgyz Republic are supported by a Governance Structural Adjustment Credit (GSAC) from the World Bank's International Development Association (IDA). The GSAC designed to enhance the transparency, openness and accountability of the public sector to external stakeholders and to improve government effectiveness and efficiency.
“The Government of the Kyrgyz Republic recognizes that transparency, openness and accountability can improve citizen, development partner and business confidence,” said Manuel Pietra, President & CEO of FreeBalance. “The integrated global economy rewards countries who improve transparency.”
The Treasury Management Information System (TMIS) will improve government efficiency, decision-making, cash management and budget execution. Integrated budget management will ensure that all government budgets are executed based on government priorities. Faster reporting of budget execution at all levels of the government will ensure better use of cash. It will provide civil servants with accurate information to improve development results. The Human Resources Management Information Systems (HRMIS) will enable civil service reform and increase human capacity within the government. Effective human resource management systems will assist in the improved professionalization of the civil service through setting standards, training programs for personnel development and assessing progress.