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    Government of Timor-Leste Strengthens Transparency with Launch of eProcurement Portal

    PRWeb – Fri, Aug 26, 2011

    New portal ensures better expenditure management, increases accountability and transparency in government procurement.

    Ottawa, Canada (PRWEB) August 26, 2011

    FreeBalance, a Government Resource Planning (GRP) software For Profit Social Enterprise (FOPSE), today announced that the Government of the Democratic Republic of Timor-Leste (RDTL) has launched the web-based eProcurement Portal. The eProcurement Portal in Timor-Leste was officially launched at the Extractive Industries Transparency Initiative (EITI) regional conference “Beyond EITI: Timor-Leste Transparency Model” by His Excellency, Prime Minister Kay Rala Xanana Gusmão with the Minister of Finance, Emilia Pires. The announcement follows the recently launched Transparency Portal by the RDTL.

    The eProcurement Portal in Timor-Leste enables web users to interactively access and review open government tenders. These tenders are grouped business types to assist businesses. Web users can also access and review all awarded tenders. The eProcurement portal is accessible to members of the public, Non-Governmental Organizations, businesses and development partners. Public access to tenders allows all citizens and vendors to download tenders ensuring equal opportunity and improving value for money. The eProcurement Portal ensures that all tenders by public entities are posted onto a single internet site. Bidders are able to download legal bidding documents. All procurement awards are published. All procurement procedures, changes and instructions are published and are transparent.

    "With the launch of the eProcurement Portal, the Government of Timor-Leste continues to demonstrate leadership in transparency, trust and accountability,” said Manuel Pietra, President & CEO of FreeBalance. "The eProcurement Portal improves transparency of the procurement process by publishing the procurement selection criteria and creating an accurate audit trail. Confidence levels from citizens, NGOs, and donor confidence levels in the government will improve when everyone can see who is buying, what was purchased, who was awarded the contract, and what price the Government paid."

    The eProcurement portal integrates with back-office automated procurement and commitment management functionality from the FreeBalance Accountability Suite. This enables rapid deployment of tender opportunities, improves efficiency and reduces errors. This integration will assist the Government of Timor-Leste to implement critical infrastructure projects more quickly and more efficiently.

    FreeBalance has been working with the RDTL since 2000. FreeBalance has provided GRP software and PFM services supporting improved governance, accountability, and transparency. The Government of the Democratic Republic of Timor-Leste uses FreeBalance Financials, Purchasing, Assets, Human Capital Accountability, Treasury, and Performance Budgeting modules. FreeBalance Procurement, Minister’s Dashboard, Data Mart, OLAP Analytics, and Document Management modules were implemented in late 2010 and went into production in early 2011. On March 15, 2011, the RDTL officially launched the Transparency Portal.

    FreeBalance customers span the globe and the user community includes public financial management professionals in 19 countries. FreeBalance operates in 15 customer time zones. FreeBalance software manages a global civil service workforce of 1,500,000, and also manages a quarter trillion ($US) annual budgets worldwide. FreeBalance is active in 19 countries, including Antigua & Barbuda, Afghanistan, Canada, Iraq, Kosovo, Kyrgyz Republic, Liberia, Mongolia, Namibia, Pakistan, Sierra Leone, Southern Sudan, Timor-Leste, and Uganda among others.

    About the Democratic Republic of Timor-Leste


    Internationally recognized as an independent state in 2002, Timor-Leste is located in south western Asia. The former Portuguese colony has witnessed rapid development growth in recent years. Tetum and Portuguese are the official languages.

    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.

    # # #

    James Elrick
    FreeBalance
    613 218 4938
    Email Information


     

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