---
title: "Financial Planning, Forecasting and Budgeting Solution"
ocid: "ocds-b5fd17-6a167a81-0d3b-475f-964a-0570a9a61c3c"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-6a167a81-0d3b-475f-964a-0570a9a61c3c"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-6a167a81-0d3b-475f-964a-0570a9a61c3c.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-6a167a81-0d3b-475f-964a-0570a9a61c3c.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "FINANCIAL SERVICES COMPENSATION SCHEME"
published: "2022-09-09"
---

# Financial Planning, Forecasting and Budgeting Solution

Buyer: FINANCIAL SERVICES COMPENSATION SCHEME  
Current stage: Tender  
OCID: ocds-b5fd17-6a167a81-0d3b-475f-964a-0570a9a61c3c

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## Summary

The Financial Services Compensation Scheme (FSCS) is seeking to procure a new Financial Planning, Forecasting and Budgeting Solution. The solution aims to aid in regular forecasting, budgeting, and monitoring of expenses and revenues. The procurement is in the open stage, with a tender deadline set for 28th October 2022. The contract period is scheduled to begin on 13th February 2023, lasting until 12th February 2026. The procurement falls under the goods category in the software package and information systems industry, with an estimated value of £1,150,000.

This tender by the FSCS offers opportunities for businesses providing financial software solutions. Small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to participate. The contract could be beneficial for companies looking to provide licensing, design, implementation, and support services in the financial planning sector. Businesses with expertise in developing solutions focused on cost allocation, forecasting, and financial reporting are well-suited to compete for this opportunity.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/0c7bafeb-15b7-4452-a30f-e83dbde9346b |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME, VCSE |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 9 Sep 2022 |
| Submission deadline | 28 Oct 2022 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 13 Feb 2023 - 12 Feb 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,150,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Active |
| Lots status | Not specified |
| Awards status | Not specified |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | FINANCIAL SERVICES COMPENSATION SCHEME |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC3A 7QU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Portsoken |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48000000 - Software package and information systems

## Release History

- 9 Sep 2022 at 13:35 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/0c7bafeb-15b7-4452-a30f-e83dbde9346b

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/0c7bafeb-15b7-4452-a30f-e83dbde9346b
  9th September 2022 - Opportunity notice on Contracts Finder
- https://www.delta-esourcing.com/tenders/UK-UK-London:-Software-package-and-information-systems./MVKKQHDX46
  Please follow this link to view the notice.

## 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-b5fd17-6a167a81-0d3b-475f-964a-0570a9a61c3c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-6a167a81-0d3b-475f-964a-0570a9a61c3c.json.