Financial systems software package

Tender description

The British Library is seeking to procure a cloud based financial management software that will provide scalable functionality for Finance and Procurement as well as meeting a range of technical and non-functional requirements. The estimated value of this contract is between 600 000 GBP to 1 700 500 GBP. The British Library is seeking to procure a cloud based financial management software that will provide scalable functionality for Finance and Procurement as well as meeting a range of technical and non-functional requirements. The system must: — provide system access for a minimum of 150 users, based on current usage, however this is expected to increase to maximise the advantages of the new solution. The current number of employees is in the region of 1 500, — include General Ledger, Procurement, Accounts Payable, Accounts Receivable, Fixed Assets, Budgeting and Forecasting and associated Reporting, — include regular upgrades and updates, on-going software maintenance, product defect fixes and regulation compliance updates, — Provide backups, data storage, security, and disaster recovery, — Include a solution for archiving and providing access to 7 years of rolling historical data from the current system, with the migration of current year and prior year financial data into the live environment. The scope of this tender, and subsequent contract, will also include the provision of implementation services, business process reengineering in order to redesign core finance processes, and on-going support and maintenance of the implemented system, through either the system provider or approved partner. Support for the implementation through either the selected system provider or a partner, will be expected to deliver the project to time and cost ensuring staff at the British Library are provided with the key skills to manage the business process workflows in an efficient and effective way post implementation. The estimated value of this contract is between 600 000 GBP to 1 000 500 GBP.