Managed Financial Services
Details
- Supplier(s)
- BAE Systems Applied Intelligence Ltd
- Value
- £4,015,460
- Topic
- Financial consultancy, financial transaction processing and clearing-house services
- Published
- 13 May 2024
- Source
- uk:find_a_tender
Tender description
This is a voluntary ex ante transparency (VEAT) notice. This notice is to indicate the Authority intends to contract with named supplier for the provision of managed financial services. Lot 1: The Authority is currently in a system stabilisation period having transitioned to a new Enterprise Resource Planning (ERP) system from two legacy ERPs associated with the legacy xFCO and xDfID. Current scope of services are; Reconciling approx. 14,000 invoices per annum received back to complex volumetric based contracts, though recent disaggregation shall see this increase by approx. 25% year on year; Escalate to contract management function and suppliers where invoices do not reconcile; Develop business cases based on the appropriate accounting treatment; Respond to NAO questions at quarter 3 and quarter 4 to evidence the appropriateness of financial treatment and governance; Complete financial accounting returns at Q3 and Q4 for the NAO to audit; Monthly forecast meetings with all budget holders and uploads agreed position; Manage cash requirements and forecasts with the CSC; Work with the fixed asset team on life-ing assets; Manage corporate service external facing KPI.
Timeline
- Completed: Award date21 March 2024
- Completed: Award published13 May 2024Current notice
About the buyer
The Foreign, Commonwealth and Development Office is a ministerial department that buys through its own Commercial Directorate. Every procurement runs on Jaggaer, the department's eSourcing portal, where suppliers register to bid. Opportunities and awards are published on Contracts Finder, and bids above threshold need Central Digital Platform registration. A commercial pipeline is updated every quarter. Four category teams cover programme delivery, estates and security, digital and technology, and corporate services. The department runs its own frameworks, such as the Global Development Delivery Framework, and dynamic purchasing systems for construction and global facilities management.
Procurement spend from central entities makes up 66% of overall UK public spend.
Over the past 5 years, most of the Foreign, Commonwealth and Development Office's contract awards have been in business services, transport equipment and construction work.
Relevant CPV codes
- 66170000 · Financial consultancy, financial transaction processing and clearing-house services
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@foreign-commonwealth-and-development-office.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@foreign-commonwealth-and-development-office.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@foreign-commonwealth-and-development-office.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@foreign-commonwealth-and-development-office.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@foreign-commonwealth-and-development-office.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@foreign-commonwealth-and-development-office.gov |
14 similar open tenders
See more open tenders related to Managed Financial Services.
- Open tender
Consultancy and Professional Services
- Open tender
ESNEFT 3197 Charitable Funds Investment
- Open tender
Banking and Custodian Services
- Open tender
Electronic Payments and Associated Services
- Open tender
Electronic Payments and Associated Services
Related topics
Topics related to Managed Financial Services, ranked by notice volume.
- 2,792£691.7bn
- 3,212£111.5bn
- 32,397£2.0tn
Related buyers
Buyers similar to Foreign, Commonwealth and Development Office.
- 1,708£67.8bn
- 868£126.6bn
- 812£1.6bn
- 687£160.5bn
- 503£10.0bn
- 397£11.5bn
- 387£1.6bn
- 320£1.5bn
- 298£1.7bn
Win more public sector contracts
Track every UK and Ireland tender in one place — set up alerts, find decision-makers, and never miss an opportunity.
