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Awarded · ResultStage · contract

THE FINANCIAL REPORTING COUNCIL LIMITED

Financial Planning & Forecasting System

Software & IT SystemsCPV 48000000 48400000 48440000
Value£33k
Awarded2 Mar 2022
Published16 Nov 2023
RegionNationwide
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£33ktotal contract value
median £91k
this tender£0£1.1m

This sits below the typical range for Software & IT Systems contracts — a smaller, more accessible award. Based on 30,286 valued Software & IT Systems tenders in our corpus.

The brief

THIS IS A CONTRACT AWARD NOTICE The Financial Reporting Council sets the UK accounting, audit and actuarial standards and administers the Corporate Governance and Stewardship Codes.

As the competent authority for audit in the UK the FRC sets auditing and ethical standards and monitors and enforces audit quality.

The FRC works in the public interest.

Our work is aimed at investors and others who rely on company reports, audit, and high-quality risk management.

This Notice relates to our Financial Planning & Forecasting System.

The FRC requires a Planning and Forecasting solution with reporting, consolidation, and analysis capabilities.

Financial forecasting allows management teams to anticipate results based on previous financial data and expected changes.

It will enable the FRC to optimize the forecasting activity to deliver enhanced benefits to the FRC.

The FRC's aim is to procure a cloud-based SaaS application for comprehensive budgeting, forecasting, analysis, and financial reporting.

The ideal solution must be suitable for public sector entity.

In addition, the financial forecasting system will allow to automate forecasting processes, forecast the impact of multiple scenarios, and quickly identify where, when, and why actuals differ from the plan, so that the FRC's Finance Team can take appropriate action.

Full details are available in the attached Invitation to Tender (ITT) and associated documents.

NOTE : The FRC does not anticipate tender bids over £110,000 excluding VAT over the duration of the Agreement.

Note: The FRC reserves the right to reject tenders that exceed this value.

Key requirements

What the supplier must deliver

01

It will enable the FRC to optimize

It will enable the FRC to optimize the forecasting activity to deliver enhanced benefits to the FRC.

02

The ideal solution must be suitable

The ideal solution must be suitable for public sector entity.

Derived from the notice text — always confirm against the original documents.

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Source & provenance
OCID
a4af9d28-1ba2-49d5-a6b2-cfc7db51eb12
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
FRC2022-001
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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