---
title: "Financial Planning, Forecasting and Budgeting Solution"
ocid: "ocds-h6vhtk-036761"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-036761"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-036761.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-036761.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "FINANCIAL SERVICES COMPENSATION SCHEME"
published: "2023-04-06"
---

# Financial Planning, Forecasting and Budgeting Solution

Buyer: FINANCIAL SERVICES COMPENSATION SCHEME  
Current stage: Award  
OCID: ocds-h6vhtk-036761

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-036761)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-036761.json)

## Summary

The Financial Services Compensation Scheme (FSCS) is procuring a Financial Planning, Forecasting and Budgeting solution. The procurement is for software packages and information systems under the goods category. This procurement process is in the active stage. The deadline for submissions is 28th October 2022. The contract was signed on 2nd April 2023, with Tagetik UK Limited being the selected supplier. The buying organisation is FSCS, located in London, United Kingdom.

This tender for a Financial Planning, Forecasting and Budgeting solution presents an opportunity for business growth to providers of software packages and information systems. Businesses specializing in financial planning solutions and budgeting tools would be well-suited to compete for this contract. The contract includes an initial amount of 1,150,000 GBP with potential renewal options. The solution must enable easy forecasting, budgeting, and reporting capabilities in a user-friendly manner, catering to various financial and non-financial aspects. With a wide range of functionality criteria to meet, businesses with expertise in quality service provision and competitive pricing could leverage this opportunity to support FSCS's financial management processes.

## Notice

FSCS has procured Financial Planning, Forecasting and Budgeting solution. The new solution would support the business to do the following: *Prepare regular forecasts and annual budgets of all cost and revenue accounts in a simple and easily updatable manner; *Prepare regular forecasts of non-financial information e.g. headcount and claims volumes; *Monitor actuals against budget and forecasts enabling management to easily identify, understand and report variances; *Allocation of costs (actuals and forecast) to several categories e.g. for activity-based costing analysis and to various funding categories for levy calculations; and *Report to senior management, Board and externally. This includes licences, implementation and annual support and maintenance

### Lot Information

Lot 1

FSCS has procured Financial Planning, Forecasting and Budgeting solution. The new solution would support the business to do the following: *Prepare regular forecasts and annual budgets of all cost and revenue accounts in a simple and easily updatable manner; *Prepare regular forecasts of non-financial information e.g. headcount and claims volumes; *Monitor actuals against budget and forecasts enabling management to easily identify, understand and report variances; *Allocation of costs (actuals and forecast) to several categories e.g. for activity-based costing analysis and to various funding categories for levy calculations; and *Report to senior management, Board and externally. This includes licences, implementation and annual support and maintenance

Options: This includes the option to extend for a further period of 2 years and then subsequent two 12- month contract extensions.

Renewal: This includes the option to extend for a further period of 2 years and then subsequent two 12- month contract extensions.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/010082-2023 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 6 Apr 2023 |
| Submission deadline | 28 Oct 2022 |
| Future notice date | Not specified |
| Award date | 1 Apr 2023 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,150,000 |
| Lots value | £1,150,000 |
| Awards value | Not specified |
| Contracts value | £1,224,880 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | FINANCIAL SERVICES COMPENSATION SCHEME |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC3A 7QU |
| 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 | Portsoken |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

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

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48000000 - Software package and information systems

## Release History

- 6 Apr 2023 at 09:05 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/010082-2023
- 9 Sep 2022 at 15:05 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/025402-2022

## Notice URLs

- https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=773477614
- https://www.delta-esourcing.com/tenders/UK-UK-London:-Software-package-and-information-systems./MVKKQHDX46
- https://www.fscs.org.uk

## 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-036761. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-036761.json.