Finance and Purchase to Pay System/s

Published date: 23 September 2024

Contract summary

Industry

Software package and information systems - 48000000

Location of contract

Yorkshire and the Humber

Value of contract

£1,680,000

Procurement reference

YH25-009

Published date

23 September 2024

Approach to market date

11 October 2024

Contract start date

1 February 2025

Contract end date

31 January 2032

Procedure type

Open procedure (above threshold)

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

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Description

YH is looking to procure an integrated solution or solutions to effectively manage financial transactions and purchase to pay processes across the business. This includes interfaces to current key systems and the ability for integration with other systems on our development roadmap.

Objectives include capacity and productivity savings through consistent delivery of all financial management activity for the organisation, with improved control and tracking of all financial transactions - and access to real time management and regulatory information.

YH is looking for integrated solutions to provide as a minimum:

A full function Finance solution and any directly related peripheral apps, to provide functionality to manage financial transactions, role based access, financial forensics, and to enable reconciliation between accounts with inter-company capability

A full function Purchase to Pay solution, integrated with the finance solution, or part of the core offer

Additional optional scope includes:

Treasury Management
Front end for p2p - full Source to Pay solution
Budget Planning and Management

This will be on the basis of an initial 5 year contract with an option to extend for a further 2 years.

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More information

Previous notice about this procurement

FINANCE TRANSFORMATION - SOFT MARKET TESTING

Early engagement

Published 21 May 2024

Spend profile

This table displays the spend profile of the notice

Financial year	Budget
2025/2026	£480,000
2026/2027	£200,000
2027/2028	£200,000
2028/2029	£200,000
2029/2030	£200,000
2030/2031	£200,000
2031/2032	£200,000