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Awarded

Managed Financial Services

Published

Supplier(s)

BAE Systems Applied Intelligence Ltd

Value

4,015,460 GBP

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

Award date

3 months ago

Publish date

27 days ago

Buyer information

Foreign, Commonwealth and Development Office

Email:
ict.commercial@fcdo.gov.uk

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Notice topic

Financial consultancy, financial transaction processing and clearing-house services

Related topics

Financial transaction processing and clearing-house servicesFinancial consultancy servicesBanking and investment services

Source

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