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Awarded contract

Month End Close & Accounting Software

Details

Buyer
Science Museum Group
Supplier(s)
FloQast
Value
£92,812.5
Duration
2 years
Topic
Software package and information systems
Published
16 October 2025
Source
uk:find_a_tender

Tender description

SMG is looking for a software from a functional capability that can automate the reconciliation process, reducing manual intervention and errors. Software that provides a detailed audit trail that tracks all changes, reviews, and approvals made during the reconciliation process. In addition, the software needs to be able to integrate seamlessly with existing ERP systems and other financial systems to ensure data consistency and accuracy. Furthermore, the software should provide real-time updates and notifications for any changes or discrepancies identified during the reconciliation process. Robust controls would be required to ensure that only authorized personnel can review and approve reconciliations and assist in standardising reconciliations. ## Contract award

Timeline

  1. Award date1 October 2025
  2. Award published16 October 2025
    Current notice
  3. Contract expiry date31 October 2027in 12 months

About the buyer

Science Museum Group is an agency and non-departmental public body that runs six national museums, including the Science Museum in London and the National Railway Museum in York. The Board of Trustees oversees how the Group is run. Venue hire, touring exhibitions and consultancy work add further income for the Group.

Over the past 5 years, most of Science Museum Group's contract awards have been in architectural and engineering services, recreation, culture and sport and business services.

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