Awarded contract

Month End Close & Accounting Software

Details

Supplier(s)
FloQast
Value
£92,812.5
Duration
2 years
Topic
Software package and information systems
Published
16 October 2025

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. Completed: Award date1 October 2025
  2. Completed: Award published16 October 2025
    Current notice
  3. Next: Contract expiry date31 October 2027in 13 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. Tenders are published through the Group's own procurement portal, hosted on In-Tend. Larger opportunities also appear on Find a Tender, with smaller contracts advertised on Contracts Finder. A Sustainable Procurement Policy scores tenderers on environmental, ethical and social value criteria. The Board of Trustees oversees how the Group is run. Venue hire, touring exhibitions and consultancy work add further income for the Group.

Procurement spend from central entities makes up 66% of overall UK public spend.

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.

Relevant CPV codes

  • 48000000 · Software package and information systems
  • 48440000 · Financial analysis and accounting software package
  • 48441000 · Financial analysis software package
  • 48442000 · Financial systems software package
  • 48443000 · Accounting software package

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