Financial Planning, Forecasting and Budgeting Solution

Descriptions

FSCS is looking to procure a new Financial Planning, Forecasting and Budgeting solution.The new solution would support the business to do the following:•Prepare regular forecasts and annual budgets of all cost and revenue accounts in a simple and easily updatable manner;•Prepare regular forecasts of non-financial information e.g. headcount and claims volumes;•Monitor actuals against budget and forecasts enabling management to easily identify, understand and report variances;•Allocation of costs (actuals and forecast) to several categories e.g. for activity-based costing analysis and to various funding categories for levy calculations; and•Report to senior management, Board and externally.The contract with the successful provider will include licences, the design and implementation of the solution together with the annual support and maintenance.