---
title: "Managed finance services"
ocid: "ocds-h6vhtk-035585"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-035585"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-035585.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-035585.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE"
published: "2023-02-22"
---

# Managed finance services

Buyer: FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE  
Current stage: Award  
OCID: ocds-h6vhtk-035585

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-035585)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-035585.json)

## Summary

The Foreign Commonwealth and Development Office has awarded a contract for Managed Finance Services to BAE SYSTEMS APPLIED INTELLIGENCE LIMITED. This contract involves the provision of managed finance services to the Authority's Information and Digital Directorate. The procurement stage was completed under a limited procurement method, with the contract valued at £2,851,980. The contract was signed on 14th February 2023, and the delivery address is in the UK.

This tender for Managed Financial Services presents an opportunity for businesses in the financial consultancy and transaction processing services sector. The Authority has highlighted the importance of these services for business operations and supplier payments. With a focus on transitioning between ERP systems, businesses with expertise in financial accounting, cash management, and corporate service performance KPIs are well-suited to compete for this contract.

## Notice

Provision of managed finance services to the Authority's Information and Digital Directorate.

### Lot Information

Lot 1

During a period of transitioning and migrating from the legacy to new Enterprise Resource Planning (ERP) system, the scope of services are; > Reconciling approx. 10,000 invoices per annum received back to complex volumetric based contracts, though recent disaggregation shall see this increase by approx. 25% year on year; > Engage contract mgmt and suppliers where invoices do not reconcile; > Develop business cases based on the appropriate accounting treatment; > Respond to NAO questions at quarter 3 and quarter 4 to evidence the appropriateness of financial treatment and governance; > Complete financial accounting returns at Q3 and Q4 for the NAO to audit; > Monthly forecast meetings with all budget holders and uploads agreed position; > Manage cash requirements and forecasts with the CSC; > Work with the fixed asset team on lifeing assets; > Manage corporate service external facing KPI. Additional information: The Authority has awarded this agreement under the Negotiated Procedure Without Prior Publication (reg. 32). Prior to award, the Authority issued a Voluntary ex ante transparency notice (2022/S 000-020189).

### Procurement Information

The Authority has awarded this contract to the named supplier under regulation 32.2.b.ii having earlier issued a VEAT notice stating its intention to do so. The awarded supplier currently provides the Services under a broader agreement, which is in exit. The Authority considers the services to business critical, in that they are essential to our ability to procure goods and pay our suppliers on time. The Authority is currently migrating between it's PRISM ERP (xFCO) and ARES(xDFID) to a consolidated FCDO HERA ERP. Experience and understanding of all systems is integral to the function performed by this specialist finance team. During the present financial year and to deliver year end accounts and annual reporting, the Authority requires that the provider resources the service with knowledge of both the old and new ERP systems since they can ensure a smooth migration of data and integrity of year end accounts. The Authority therefore considers that competition is absent for technical reasons. Provision of the Services following transition will be the subject of a procurement exercise.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/005339-2023 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 22 Feb 2023 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 14 Jul 2022 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £5,651,980 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1A 2AH |
| 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 | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BAE SYSTEMS APPLIED INTELLIGENCE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66170000 - Financial consultancy, financial transaction processing and clearing-house services

## Release History

- 22 Feb 2023 at 15:41 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/005339-2023
- 25 Jul 2022 at 14:33 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/020189-2022

## Notice URLs

- https://www.gov.uk/government/organisations/foreign-commonwealth-development-office

## 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-h6vhtk-035585. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-035585.json.