--- title: "FINANCIAL MANAGEMENT SOFTWARE - The Sheffield College - AWARD" ocid: "ocds-b5fd17-5da1aa51-1b79-4cdc-8509-fc77f35e9576" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-5da1aa51-1b79-4cdc-8509-fc77f35e9576" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-5da1aa51-1b79-4cdc-8509-fc77f35e9576.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-5da1aa51-1b79-4cdc-8509-fc77f35e9576.json" source: "Contracts Finder" current_stage: "Award" buyer: "SHEFFIELD COLLEGE" published: "2024-11-15" --- # FINANCIAL MANAGEMENT SOFTWARE - The Sheffield College - AWARD Buyer: SHEFFIELD COLLEGE Current stage: Award OCID: ocds-b5fd17-5da1aa51-1b79-4cdc-8509-fc77f35e9576 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-5da1aa51-1b79-4cdc-8509-fc77f35e9576) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-5da1aa51-1b79-4cdc-8509-fc77f35e9576.json) ## Summary 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. ## Notice 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. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/67ce396f-45b4-456a-8fc1-9fe8afe72986 | | 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 | | All stages | Award | ## Dates | Field | Value | | --- | --- | | Publication date | 15 Nov 2024 | | Submission deadline | 30 Sep 2024 | | Future notice date | Not specified | | Award date | 12 Nov 2024 | | Contract period | 12 Nov 2024 - 12 Nov 2027 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £150,000 | | Lots value | Not specified | | Awards value | £149,995 | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Not specified | | Awards status | Active | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | SHEFFIELD COLLEGE | | Locality | SOUTH YORKSHIRE | | Post town | Sheffield | | Postcode | S2 2RL | | Country | England | | ITL 1 | TLE Yorkshire and The Humber | | ITL 2 | TLE3 South Yorkshire | | ITL 3 | TLE32 Sheffield | | Local authority | Sheffield | | Electoral ward | Park and Arbourthorne | | Westminster constituency | Sheffield Heeley | | Delivery location | Not specified | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | IPLICIT | ## CPV Codes ### Divisions - 48 - Software package and information systems - 66 - Financial and insurance services ### Codes - 48000000 - Software package and information systems - 48100000 - Industry specific software package - 48170000 - Compliance software package - 66122000 - Corporate finance and venture capital services ## Release History - 15 Nov 2024 at 15:38 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/67ce396f-45b4-456a-8fc1-9fe8afe72986 - 15 Nov 2024 at 15:38 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/67ce396f-45b4-456a-8fc1-9fe8afe72986 - 15 Nov 2024 at 15:38 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/67ce396f-45b4-456a-8fc1-9fe8afe72986 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/67ce396f-45b4-456a-8fc1-9fe8afe72986 15th November 2024 - Awarded contract notice on Contracts Finder ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-5da1aa51-1b79-4cdc-8509-fc77f35e9576. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-5da1aa51-1b79-4cdc-8509-fc77f35e9576.json.