Government 2.0 Requires New Information Technology Governance and Risk Management to Ensure Success

Government 2.0 Requires New Information Technology Governance and Risk Management to Ensure Success

Ottawa, Canada (Vocus) November 22, 2010

“Governments are faced with a ‘new normal’ of responding to increased citizen demand with reducing budgets,” according to Doug Hadden, Vice President Products at FreeBalance. FreeBalance, a global Government Resource Planning (GRP) software company, will participate in the FMI of Canada Professional Development (PD) Week. The annual conference is taking place at the Hotel Lac-Leamy in Gatineau, Quebec, Canada from November 22 to 26, 2010. The FMI conference is focused on striking the right balance of risk and control.

Doug Hadden will host an interactive session on how transparency and accountability have become strong themes in government. Titled “The Emperor Has No Clothes – Risk and Results in an Increasing Transparent and Government 2.0 World,” this session will explore how social media and open government initiatives have introduced a new risk and reward paradigm for public servant careers and for government organizations. Transparency, in itself, has become a key performance indicator. An updated methodology on calculating open government value and improving governance structures will be discussed. The session will be held from 1:30 – 2:30 pm, Wednesday November 24, 2010 in the Hotel Lac-Leamy Krieghoff Room.

“Government 2.0 supports government economic incubation and services modernization,” said Doug Hadden, Vice President of Products at FreeBalance. “Innovation is alive and well in government and will be further transformed thanks to Government 2.0. How Government 2.0 technology enables managing for results will be discussed during the session.” Many of the subjects to be discussed are being expanded on the FreeBalance Sustainability Blog — http://www.freebalance.com/blog .

The FMI of Canada 2010 PD Week will trace government efforts to counter the effects of the global recession. It features a series of workshops and information sessions that elaborate on risk and control, striking a balance and public service renewal. The annual five-day conference draws more than 2,400 public financial management professionals to the National Capital Region of Canada. Panel discussions and exhibits provide an opportunity for participants to explore a range of new ideas, products and services.

Members of the FreeBalance team will be available for the duration of the conference to discuss and demonstrate FreeBalance web-based Government Resource Planning (GRP) solutions. FreeBalance Version 7 supports the unique and evolving requirements of government, including GRP, Government Performance Management, Government 2.0, Shared Services and Service Oriented Architectures (SOA). FreeBalance Version 7 covers the entire budget cycle and provides fiscal control over fund allocations, expenditures, appropriations, revenue administration, and human resources. FreeBalance Version 7 is a fully compliant J2EE solution. The n-tier architecture allows departments and agencies to leverage existing web, application and database clusters. Unlike traditional software solutions, the FreeBalance Accountability Suite is fully web based and has no hidden client/server technologies.

The FreeBalance Accountability Suite is one of the most widely deployed financial management systems inside the Government of Canada. More than 50 government departments and agencies use FreeBalance software for enhanced public financial management.

About the Financial Management Institute of Canada

The Financial Management Institute of Canada (fmi*igf) is a nationally recognized, not-for-profit volunteer association, founded in 1962. What started out as a small group of senior federal government accountants meeting around a lunch table to discuss issues of financial management and the role of financial advisors within government has grown to thousands of members, both within and outside the public sector, all working to improve the financial management of all levels of government across Canada. For more information, visit http://www.fmi.ca .

About Doug Hadden

Doug Hadden is an industry veteran with an extensive experience in enterprise technologies. Hadden has more than 20 years of management, sales, marketing and product management experience at several industry-leading public and private companies, including Standard Register, Delano Technology, Platform Computing, Hummingbird, and Olivetti. Hadden is a recognized expert in strategic planning and technology in government.

As VP Products at FreeBalance, Hadden is responsible for all aspects of global marketing, business development and product management. Hadden is also the Chief Customer Advocate responsible for aligning FreeBalance activities with customer priorities. He holds a BA Honours degree in Political Science from Carleton University.

About FreeBalance

FreeBalance helps governments around the world leverage robust Government Resource Planning (GRP) technology to accelerate country growth. FreeBalance software solutions for public financial and human resource management support reform and modernization to improve governance, transparency and accountability. Good governance is required to improve development results. For more information, visit http://www.freebalance.com .

Media Contact:

James Elrick

Public Relations Specialist

FreeBalance

Tel: +1 (613) 218 4938

jelrick(at)FreeBalance(dot)com

http://www.FreeBalance.com

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