Award

FINANCIAL MANAGEMENT SOFTWARE - The Sheffield College - AWARD

SHEFFIELD COLLEGE

This public procurement record has 3 releases in its history.

AwardUpdate

15 Nov 2024 at 15:38

AwardUpdate

15 Nov 2024 at 15:38

Award

15 Nov 2024 at 15:38

Summary of the contracting process

Sheffield College has awarded a contract for a comprehensive, cloud-based Financial Management Software solution to the supplier iplicit. This procurement falls under the services industry category, specifically focusing on corporate finance and venture capital services, and multiple software package classifications. The procurement was conducted using an open procedure, with key dates including the tender period ending on 30 September 2024 and the contract running from 12 November 2024 to 12 November 2027. The contract's total value is approximately £150,000, and it aims to serve locations including the United Kingdom, British Overseas Territories, Channel Islands, Europe, Isle of Man, and globally.

This tender provides opportunities for businesses specialising in financial management and compliance software to demonstrate their expertise and expand their market presence, particularly those with experience in the Further Education sector. The winning bidder is expected to support cultural changes in financial management at the college, ensuring compliance with legislative requirements while enabling efficient financial transactions, reporting, and remote working capabilities. Companies proficient in providing secure, robust, and reliable financial systems with a strong commitment to R&D and user support are well-suited to similar procurement opportunities.

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Notice Title

FINANCIAL MANAGEMENT SOFTWARE - The Sheffield College - AWARD

Notice Description

The College require a fit for purpose comprehensive and cloud-based Finance System solution. Tenderers should be able to demonstrate that the system has been successfully used in similar sized organisations, ideally in the Further Education sector, and that there is high quality end user support. It is expected that the supplier will be committed to research and development of the system throughout the 3-year contract, to keep pace with technological and financial developments and that upgrades to the system and user-customised screens can take place with minimal disruption. The key objectives are: o To implement a secure, robust, reliable, and comprehensive Finance System solution from a single supplier. o To provide a finance system to interface with the College data management systems (principally Tribal EBS student records, but also iTrent HR Payroll), to facilitate the reporting and analysis of fully informed Management Information. o To support a cultural change in the management of college finances through the provision of accurate and timely information to staff and managers and the tools and processes to enable effective management and reporting of financial transactions, data, and information to support College strategies and financial performance. o To improve the efficiency and reduce the cost of information transfer and transactional activity within the College through workflow. o To facilitate the efficient and accurate recording of financial transactions. o To facilitate legislative compliance of financial reporting. o To enable efficient reporting for statutory, funding, and other College returns. o To enable remote working as appropriate. o To enable effective document management, reducing financial and environmental costs.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5da1aa51-1b79-4cdc-8509-fc77f35e9576
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/67ce396f-45b4-456a-8fc1-9fe8afe72986
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services


CPV Codes

48000000 - Software package and information systems

48100000 - Industry specific software package

48170000 - Compliance software package

66122000 - Corporate finance and venture capital services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
£149,995 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
15 Nov 20241 years ago
Submission Deadline
30 Sep 2024Expired
Future Notice Date
Not specified
Award Date
12 Nov 20241 years ago
Contract Period
12 Nov 2024 - 12 Nov 2027 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
SHEFFIELD COLLEGE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SOUTH YORKSHIRE
Postcode
S2 2RL
Post Town
Sheffield
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
Not specified

Local Authority
Sheffield
Electoral Ward
Park and Arbourthorne
Westminster Constituency
Sheffield Heeley

Supplier Information

Number of Suppliers
1
Supplier Name

IPLICIT

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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