---
title: "Financial Management System"
ocid: "ocds-b5fd17-84807462-6745-4e21-b57b-b80de784ac40"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-84807462-6745-4e21-b57b-b80de784ac40"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-84807462-6745-4e21-b57b-b80de784ac40.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-84807462-6745-4e21-b57b-b80de784ac40.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE WESTMINSTER FOUNDATION FOR DEMOCRACY LIMITED"
published: "2019-07-29"
---

# Financial Management System

Buyer: THE WESTMINSTER FOUNDATION FOR DEMOCRACY LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-84807462-6745-4e21-b57b-b80de784ac40

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-84807462-6745-4e21-b57b-b80de784ac40)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-84807462-6745-4e21-b57b-b80de784ac40.json)

## Summary

The Westminster Foundation for Democracy Limited is seeking to procure a Financial Management System through an open tender process. This contract, valued at £50,000, is intended for the supply, implementation, and ongoing support of financial management software that can handle multi-currency transactions, manage income and expenditure, and produce essential reports. The tender period concluded on 20th February 2019, and the contract is set to commence on 1st April 2019, lasting until 31st March 2021. The focal delivery location is London, United Kingdom, and the procurement falls under the services category related to financial analysis and accounting software.

This tender presents substantial opportunities for businesses, particularly small and medium enterprises (SMEs) that specialise in software development and financial systems. Companies experienced in providing financial analysis tools and software solutions can leverage this opportunity to contribute to an organisation aimed at optimising its resource management and fulfilling its audit requirements. Given the anticipated scale and requirements of the contract, organisations capable of delivering a tailored software solution with maintenance support would be well-suited to compete for this contract.

## Notice

WFD is looking to procure the supply, implementation, and maintenance support of a new financial management software solution enabling the organisation to accurately, and efficiently, record and process all of its accounting transactions (multi-currency), manage its income & expenditure, particularly in relation to funding/project management and budgeting & forecasting while satisfying WFD's audit requirements. There is a need to have the ability to generate reports to enhance business acumen enabling Managers to fully utilise WFD's resources to the best of their ability. Information on how to bid for this tender, including full specification, terms and conditions, and supplier questions and answers can be found in the tender notice and instructions (linked below).

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/bf82464e-aa5f-458d-b5c7-e87a14b9b34b |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (below threshold) |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 29 Jul 2019 |
| Submission deadline | 20 Feb 2019 |
| Future notice date | Not specified |
| Award date | 22 Mar 2019 |
| Contract period | 31 Mar 2019 - 1 Dec 2020 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £50,000 |
| Lots value | Not specified |
| Awards value | £76,254 |
| 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 | THE WESTMINSTER FOUNDATION FOR DEMOCRACY LIMITED |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1P 1RT |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | XPEDITION |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48440000 - Financial analysis and accounting software package

## Release History

- 29 Jul 2019 at 13:56 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/bf82464e-aa5f-458d-b5c7-e87a14b9b34b
- 15 Feb 2019 at 11:05 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/8d67d59c-b1bb-4a10-984a-976d2bcf4d48
- 29 Jan 2019 at 16:42 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/8d67d59c-b1bb-4a10-984a-976d2bcf4d48

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/bf82464e-aa5f-458d-b5c7-e87a14b9b34b
  29th July 2019 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/8d67d59c-b1bb-4a10-984a-976d2bcf4d48
  15th February 2019 - Opportunity notice on Contracts Finder
- https://www.wfd.org/2019/01/29/itt-finanmgmt/
  Tender Notice and instructions

## Notice URLs

- http://www.wfd.org

## 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-b5fd17-84807462-6745-4e21-b57b-b80de784ac40. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-84807462-6745-4e21-b57b-b80de784ac40.json.