---
title: "Finance System (General Ledger & Expense)"
ocid: "ocds-b5fd17-e224dd46-a82f-4b07-a7ee-ac46b6d21951"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e224dd46-a82f-4b07-a7ee-ac46b6d21951"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e224dd46-a82f-4b07-a7ee-ac46b6d21951.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-e224dd46-a82f-4b07-a7ee-ac46b6d21951.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2021-03-18"
---

# Finance System (General Ledger & Expense)

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-e224dd46-a82f-4b07-a7ee-ac46b6d21951

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## Summary

The Financial Reporting Council Limited, located at 125 London Wall, London, has conducted a procurement process for a new Finance System focusing on a General Ledger and Expense management system. The contract, valued at £175,000 and awarded on 4 February 2021, is part of an open tender initiated to enhance the organisation's operational capabilities as it grows. The project falls under the financial services industry category, with a previous tender period that closed on 30 October 2020 and a contract duration from 11 February 2021 to 10 February 2025.

This tender presents a significant opportunity for businesses specialising in financial systems software, particularly those capable of providing scalable and proportionate solutions for medium to large organisations. Companies that can demonstrate expertise in accounting software packages and have the ability to support the needs of the Financial Reporting Council Limited during their growth phase would find this an advantageous procurement opportunity. Small and medium enterprises (SMEs), as well as voluntary, community and social enterprises (VCSEs), are encouraged to engage in similar contracts to facilitate their development in the sector.

## Notice

THIS IS A CONTRACT AWARD NOTICE The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. We seek to promote transparency and integrity in business; our work is aimed at investors and others who rely on company accounts, audit and high-quality risk management. This notice relates to our Contract for a new General Ledger and Expense management system which is fit for purpose as we grow over the next few years. Based on our organisational size / volume the system cost should be proportionate. Additional information: THIS OPPORTUNITY IS CLOSED. THIS IS A CONTRACT AWARD NOTICE.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/e7aabde9-d60f-43cc-b4f8-867bbec6f09b |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (below threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Mar 2021 |
| Submission deadline | 30 Oct 2020 |
| Future notice date | Not specified |
| Award date | 4 Feb 2021 |
| Contract period | 11 Feb 2021 - 10 Feb 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £170,000 |
| Lots value | Not specified |
| Awards value | £175,000 |
| 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 FINANCIAL REPORTING COUNCIL LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2Y 5AS |
| 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 | Bassishaw |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ADVANCED BUSINESS SOFTWARE AND SOLUTIONS |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48442000 - Financial systems software package
- 48443000 - Accounting software package
- 48444000 - Accounting system

## Release History

- 18 Mar 2021 at 16:04 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/e7aabde9-d60f-43cc-b4f8-867bbec6f09b
- 5 Oct 2020 at 09:20 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/13b31608-1db5-4874-a119-5391ee90050d

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/e7aabde9-d60f-43cc-b4f8-867bbec6f09b
  18th March 2021 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/13b31608-1db5-4874-a119-5391ee90050d
  5th October 2020 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/cdffa2d6-4a5c-48ba-9bac-bb7818f887da
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/554e68ce-77ca-43ab-be32-5ac3604376e7

## Notice URLs

- http://www.frc.org.uk

## Provenance

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