---
title: "Integrated Financial System for Further Education"
ocid: "ocds-b5fd17-a8579f86-decd-45a3-bdde-bc60fa72176c"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-a8579f86-decd-45a3-bdde-bc60fa72176c"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-a8579f86-decd-45a3-bdde-bc60fa72176c.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-a8579f86-decd-45a3-bdde-bc60fa72176c.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "THE NATIONAL COLLEGE FOR HIGH SPEED RAIL"
published: "2018-05-02"
---

# Integrated Financial System for Further Education

Buyer: THE NATIONAL COLLEGE FOR HIGH SPEED RAIL  
Current stage: Tender  
OCID: ocds-b5fd17-a8579f86-decd-45a3-bdde-bc60fa72176c

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## Summary

The National College for High Speed Rail is inviting proposals for an Integrated Financial System for Further Education. This procurement falls under the services category and focuses on delivering a cloud-based Financial Management Software (FMS) solution with various essential modules. The tender is currently in the active stage and will close on 1st June 2018. The contract has an initial term of three years, starting on 6th August 2018, with a value between £125,000 and £175,000. The procurement method employed is a limited competitive quotation process.

This tender provides a significant growth opportunity for software companies, particularly those with expertise in cloud-based financial systems and experience with educational institutions. Businesses that have a proven track record of integrating financial management solutions, especially those compatible with existing college systems, will be well-suited to compete. Given the emphasis on established and referenceable solutions, vendors capable of timely implementation and support will find this opportunity particularly advantageous.

## Notice

The College is seeking proposals from experienced and qualified suppliers for the provision of an Integrated Financial Management Software (FMS) system and associated support services. The system selected and implemented must be cloud-based in line with the ICT strategy and the College will not consider an 'on-premises' solution. The College is looking for the following modules: Sales Ledger, Purchase Ledger, Nominal Ledger, Budgeting and Forecasting, Procurement with online approval, Invoice authorisation and approval, Banking, Cash Book, Fixed Assets Register, VAT reconciliation, on-line payments and Management Information. HR is a future requirement and at this stage bidders should make a recommendation of systems previously integrated into the FMS. This procurement will be carried out as a separate future exercise. Integration to MS Office and existing College systems including Document Management and Student Record systems is essential. Given the short time-scale for the implementation and the degree of change taking place in the College we are seeking and established and referenceable solution to meet our requirements. The initial contract term of 3 years (with optional extension) reflects the change being experienced in this sector. Additional information: Please Register your organisation's interest in this opportunity with the National College for High Speed Rail and to receive the Request for Proposal (RFP) documents to: Procurement@nchsr.ac.uk including the Reference: NCHSR FMS RFP MC/2018/05

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/b3365f07-a363-498b-abf2-d325d75c12b6 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Competitive quotation (below threshold) |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 2 May 2018 |
| Submission deadline | 1 Jun 2018 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 5 Aug 2018 - 1 Aug 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £175,000 |
| 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 | THE NATIONAL COLLEGE FOR HIGH SPEED RAIL |
| Locality | BIRMINGHAM |
| Post town | Birmingham |
| Postcode | B7 4AG |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG31 Birmingham |
| Local authority | Birmingham |
| Electoral ward | Nechells |
| Westminster constituency | Birmingham Ladywood |
| Delivery location | TLG West Midlands (England) |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48442000 - Financial systems software package

## Release History

- 2 May 2018 at 13:12 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/b3365f07-a363-498b-abf2-d325d75c12b6

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/b3365f07-a363-498b-abf2-d325d75c12b6
  2nd May 2018 - Opportunity 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-a8579f86-decd-45a3-bdde-bc60fa72176c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-a8579f86-decd-45a3-bdde-bc60fa72176c.json.