---
title: "Direct Award for Finance System replacement"
ocid: "ocds-h6vhtk-05eea5"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05eea5"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-05eea5.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-05eea5.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "TWO RIVERS HOUSING"
published: "2026-02-03"
---

# Direct Award for Finance System replacement

Buyer: TWO RIVERS HOUSING  
Current stage: Award  
OCID: ocds-h6vhtk-05eea5

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## Summary

The procurement process involves Two Rivers Housing, a public authority in the sub-central government category based in Newent, UK. They have initiated a direct award contract with MRI Software Limited, a large supplier based in London, for the replacement of their finance system. The procurement is for a cloud-based software as a service (SaaS) finance system to replace the outdated server-based OpenAccounts system. The direct award was made due to the urgent need for replacement and the alignment with organisational strategies. The contract commenced on 24th December 2025 and is scheduled to run until 22nd May 2029, including a five-month implementation at no cost. The annual contract value is £99,500, which will be subject to a 5.5% annual inflationary uplift over the term, bringing the total contract value to £315,218.

This tender offers significant opportunities for businesses specialising in financial software systems and cloud-based infrastructure. Companies capable of delivering integrated, scalable, and secure financial solutions could benefit from engaging in similar opportunities. The replacement of multiple standalone systems with a single integrated solution can attract firms skilled in simplifying complex IT environments and enhancing operational efficiencies. Enterprises focusing on SaaS solutions and digital transformation strategies would be particularly well-suited to provide competitive alternatives in the anticipated future tenders for similar services, set to open in May 2029, as Two Rivers Housing continually seeks to evolve its financial software capabilities in line with the latest technology advancements.

## Notice

The requirement of this direct award is within the scope of Schedule 5 of the Procurement Act 2023, and in line with the Section 44 the same. The award is for the provision of a Financial Cloud based, Software as a Service system (SAAS) incorporating a Purchase to Pay solution to MRI Software Limited. This contract enables the organisation to transition from the current server-based OpenAccounts finance system to an integrated, modern, cloud-hosted platform with the same supplier. The cloud-hosted system is the replacement for the current server-based system, which is no longer being developed. The existing contract commenced in October 2021. Contract Scope Current Two Rivers Housing finance system is a suite of three standalone but interfaced modules consisting of: OpenAccounts, eBIS and Version One. All three products are owned by OneAdvanced and provided by MRI Software. The replacement system will be one fully integrated system that is cloud based. The move to the cloud-based system will also result in on-premises savings such as servers, backups, and disaster recovery costs. Essentially, the contract being awarded, concerns the supply of goods and services by the existing supplier which are intended as an extension to, or partial replacement of, existing goods and services in circumstances where: (a) a change in supplier would result in the contracting authority receiving goods, services or works that are different from, or incompatible with, the existing goods, services or works, and (b) the difference or incompatibility would result in disproportionate technical difficulties in operation or maintenance. The award will be for a period of 41 months commencing from December 2025, including a five-month implementation period at zero cost. The scope of the contract will include the implementation, licensing, and ongoing maintenance of the following components of the Financials suite: * Core Financials base engine * Project Management module * Air Approvals (mobile approval workflow) * Business Tax Portal * Purchase Invoice Automation The annual fee is PS99,500 including VAT, subject to a 5.5% annual inflationary uplift for three years, bringing the total contract value to PS315,218. Included within the contract is a Right to Use Licence for Open Accounts which would have otherwise incur a cost of PS123,910 over 7 years

### Procurement Information

Urgent replacement of unsupported system: The current version of OpenAccounts (8.5) is now unsupported. Continued usage jeopardises Two Rivers Housing's Cyber Essentials accreditation, which requires systems to be no more than two versions behind current releases. * Non-viable upgrade option: Upgrading to the latest OpenAccounts version (10.1) would require a significant investment, including an upgrade of the Progress Database. OpenAccounts is being phased out and no longer has a product roadmap beyond legislative updates, this would not represent value for money for a short-term solution. * Alignment with organisational strategy: Transitioning to a SaaS-based finance system aligns with Two Rivers Housing's digital and technology strategy to reduce reliance on onpremises infrastructure. * Natural graduation from the current system: Cloud Financials is the replacement for OpenAccounts and will be managed and supported by the same system owners and support providers * Cost of change: The cost of supplier replacement will include, demobilisation of existing system, user training and onboarding, data cleansing and migration which will increase overall cost and as such not aligning with the Group objective to reduce waste of all forms and ensure value for money. * Familiarity and reduced training requirement: The Financials product uses similar processes to the existing OpenAccounts system, reducing training needs. MRI consultants already understand Two Rivers Housing's business processes, supporting a smooth and efficient implementation. * Operational efficiencies: Replacing three separate systems (OpenAccounts, eBIS, and Version One) with one integrated solution will reduce system interfaces and provide operational efficiencies. Moving to a cloud-based system will also reduce on-premises costs such as server maintenance, backups, and disaster recovery. Future Procurement Plans Two Rivers Housing will use the time opportunity availed through this award to re consider finance solutions for the growing needs of the organisation, with the intention to conduct a full competitive tender for its finance system to go live in May 2029.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/009685-2026 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Direct |
| Procurement method details | Direct award |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 3 Feb 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 4 Dec 2025 |
| Contract period | 24 Dec 2025 - 22 May 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £315,218 |
| Contracts value | £315,218 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | TWO RIVERS HOUSING |
| Locality | NEWENT |
| Post town | Gloucester |
| Postcode | GL18 1DS |
| Country | England |
| ITL 1 | TLK South West (England) |
| ITL 2 | TLK7 Gloucestershire and Wiltshire |
| ITL 3 | TLK73 Gloucestershire CC |
| Local authority | Forest of Dean |
| Electoral ward | Newent & Taynton |
| Westminster constituency | Forest of Dean |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MRI SOFTWARE |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

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

## Release History

- 3 Feb 2026 at 18:18 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/009685-2026
- 12 Dec 2025 at 14:17 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/082528-2025
- 4 Dec 2025 at 11:57 - Award - UK5 - Transparency Notice - https://www.find-tender.service.gov.uk/Notice/079681-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/009685-2026
  3rd February 2026 - Contract details notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/082528-2025
  12th December 2025 - Contract award notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/079681-2025
  4th December 2025 - Transparency notice on Find a Tender

## Notice URLs

- http://www.mrisoftware.com
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## 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-05eea5. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-05eea5.json.