---
title: "Financial Forecasting Solutions"
ocid: "ocds-b5fd17-bd9f0816-8f99-40d4-a268-409ab2b8adb0"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-bd9f0816-8f99-40d4-a268-409ab2b8adb0"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-bd9f0816-8f99-40d4-a268-409ab2b8adb0.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-bd9f0816-8f99-40d4-a268-409ab2b8adb0.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "NOTTINGHAM UNIVERSITY HOSPITALS NHS TRUST"
published: "2020-01-08"
---

# Financial Forecasting Solutions

Buyer: NOTTINGHAM UNIVERSITY HOSPITALS NHS TRUST  
Current stage: Tender  
OCID: ocds-b5fd17-bd9f0816-8f99-40d4-a268-409ab2b8adb0

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## Summary

Nottingham University Hospitals NHS Trust is seeking bids for the "Financial Forecasting Solutions" tender, aimed at enhancing forecasting processes within the healthcare sector. This open procurement, classified under software package and information systems, has a total estimated value of £150,000. The tender is currently active and submissions must be completed by 7 February 2020. The service delivery location encompasses the East Midlands region of the United Kingdom, with the contract expected to commence on 1 March 2020 and run until 28 February 2023.

This tender presents an excellent opportunity for businesses specialising in software development and automation solutions, particularly those that can streamline financial processes in the healthcare sector. Small and medium-sized enterprises (SMEs) with experience in financial forecasting tools and a capacity for innovative software design will find this contract well-suited to their capabilities. By responding to this tender, businesses can not only grow their portfolio but also establish long-term relationships with a major NHS Trust, potentially leading to future contracts in the public sector.

## Notice

You are invited to submit offers for the supply of Financial Forecasting based for Nottingham University Hospitals NHS Trust (NUH). Current solution relies on NUH producing forecasts in Excel using formulae on loaded actuals information. Thereafter, summarised forecasts with a higher level of aggregation of both cost centre and subjective are produced. This information is then loaded onto an Access Database for reporting. These processes are seen as both time consuming and lacking automation and are vulnerable to unexpected changes and human error causing incorrect forecasts, or no forecast at all.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/a7e18724-5267-4452-9f31-c3b0601f91d2 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 8 Jan 2020 |
| Submission deadline | 7 Feb 2020 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 1 Mar 2020 - 28 Feb 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £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 | NOTTINGHAM UNIVERSITY HOSPITALS NHS TRUST |
| Locality | NOTTINGHAM |
| Post town | Not specified |
| Postcode | NH5 1PB |
| Country | Not specified |
| ITL 1 | Not specified |
| ITL 2 | Not specified |
| ITL 3 | Not specified |
| Local authority | Not specified |
| Electoral ward | Not specified |
| Westminster constituency | Not specified |
| Delivery location | TLF East Midlands (England) |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48000000 - Software package and information systems

## Release History

- 8 Jan 2020 at 09:52 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/a7e18724-5267-4452-9f31-c3b0601f91d2

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/a7e18724-5267-4452-9f31-c3b0601f91d2
  8th January 2020 - Opportunity notice on Contracts Finder
- https://nhs.bravosolution.co.uk
  Link to eSourcing Portal

## 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-bd9f0816-8f99-40d4-a268-409ab2b8adb0. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-bd9f0816-8f99-40d4-a268-409ab2b8adb0.json.