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Accounts Payable Forensic Solution

LONDON BOROUGH OF LAMBETH

This public procurement record has 1 release in its history.

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08 May 2026 at 12:46

UK7 - Contract Details Notice
Summary of the contracting process

The London Borough of Lambeth has completed a procurement process for an "Accounts Payable Forensic Solution" under a selective method, awarded below the threshold via an existing framework. The solution involves the provision of payment forensic software to enhance financial controls and fraud prevention, essential for the Council's Procure to Pay (P2P) and Exchequer operations. The contract, signed with FISCAL TECHNOLOGIES LTD, began on 29 March 2026 and will run until 28 May 2029, with a potential extension subject to service delivery satisfaction. The procurement is focused on the delivery of goods, specifically financial analysis and accounting software, with applications across the UK, starting with a gross value of £147,290.

This tender provides significant growth opportunities for businesses in the financial software sector, especially those specialising in payment forensic and risk management solutions. It presents an ideal chance for small to medium enterprises (SMEs) that can offer innovative tools to combat financial irregularities and enhance supplier risk management. Companies with experience in developing or deploying cloud-based financial oversight systems would be particularly well-suited for this type of contract, contributing to robust and proactive financial management within public sector organisations like the London Borough of Lambeth.

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Notice Information

Notice Title

Accounts Payable Forensic Solution

Notice Description

Provision of payment forensic software system to support effective the identification and prevention of financial irregularities and malpractice, giving the Authority a robust fraud prevention reliability. The AP Forensics cloud base software will strengthen financial controls, support prompt identification of duplicate payments, and ensure proactive supplier risk management. The system will play an integral part of the Council's Procure to Pay (P2P) and Exchequer operations, enabling the recovery of significant funds and providing robust, automated oversight across invoices and supplier activity

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0694b7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/042528-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Selective
Procurement Method Details
Below threshold - award under framework
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48440000 - Financial analysis and accounting software package

48460000 - Analytical, scientific, mathematical or forecasting software package

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£122,742 £100K-£500K

Notice Dates

Publication Date
8 May 20266 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
28 Mar 20261 months ago
Contract Period
29 Mar 2026 - 28 May 2029 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF LAMBETH
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW2 1RW
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI45 Lambeth
Delivery Location
Not specified
Local Authority
Lambeth
Electoral Ward
Brixton Acre Lane
Westminster Constituency
Clapham and Brixton Hill

Supplier Information

Number of Suppliers
1
Supplier Name

FISCAL TECHNOLOGIES

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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