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GIB Request For Proposal Managed Service Financial and Accountancy Services
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Descriptions
UK Green Investment Bank plc (“GIB”) is looking to appoint a suitably qualified provider to deliver a managed service solution to provide core financial accounting and reporting capabilities. The required solution is to be implemented in time to support year-end 2016 (31/3/16) processes and controls. Given these timescales, the business requirements have been prioritised into ‘Must have’, ‘Should have’ and ‘Could have’. Solutions must support the timely implementation of ‘Must have’ requirements whilst also allowing for future delivery of additional lower priority requirements. 2Background GIB is a fast growing and dynamic business. The Finance function has identified a need to transform its capabilities in order to meet the current needs of the business and to be positioned well for the strategic direction of the business. As a UK Government owned entity, GIB has several unique features that impact the Finance function and define elements of its processes and controls environment. These requirements are set to change as GIB enters a sale process over the next 12 months. This strategic environment, combined with tools and processes that limit the ability to scale, has led to a number of challenges for the function. To address these challenges, a transformation project has been initiated in order to define and implement the changes required to meet the near-term and strategic requirements for Finance. These requirements are aligned to support the following key business objectives: 1.Provide a suitable ledger solution - GIB need to migrate from a government-provided GL and manual excel-based sub ledgers to an alternative general ledger solution with integrated controls 2.Increased controls/Governance - Reduce dependency on excel spreadsheets and manual controls, increased use of systematic controls 3.Better utilisation of skilled finance staff – Free finance team from administrative and highly manual activity 4.Improved year end with robust processes and controls
Timeline
Published Date :
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CPV Codes
48812000 - Financial information systems
48440000 - Financial analysis and accounting software package
48490000 - Procurement software package
48410000 - Investment management and tax preparation software package
66000000 - Financial and insurance services
Keywords
loan processing
banking services
credit services
risk management
asset protection
cashflow projection tool
capital gains calculator
risk analytics engine
investment support
asset allocation tool
mutual fund analyzer
GAAP compliance tool
financial data warehouse
balance sheet analyzer
audit trail recorder
RFQ workflow system
stock trading interface
insurance coverage
financial consulting
e-procurement platform
tender management system
payment gateway engine
vendor bid portal
ratio analysis engine
ERP finance connector
regulatory filing tool
supplier evaluation tool
risk assessment module
financial modeling suite
pension management
tax form generator
banking system platform
spend analysis engine
budgeting integration
sourcing analytics suite
variance analysis module
tax-planning interface
economic advisory
compliance reporting engine
investment performance dashboard
expense tracking dashboard
procurement compliance tool
accounting integration module
compliance reporting system
portfolio tracking software
contract lifecycle manager
purchase order automation
financial transaction tracker
treasury management system
ledger reconciliation software
Workflows
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Details
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Buyer Information
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