W5098 The Provision of Beyond Financial Forecasting Application

The Council decided in February 2023 to procure an alternative product 'Beyond Financial Forecasting' that has been in place since. The alternative product has been very valuable to both the Finance Team and budget managers in enabling them to view their summary financial information, staffing budgets and transaction detail.

The Contract is due to expire 28 September 2026. As there is an ongoing requirement for this application there is a need to procure a new Contract for an appropriate term.

The ongoing requirement is for a robust, reliable, financial forecasting application which interacts with the Council's Oracle system and enables:

• The ability to view GL transactions without additional licence costs
• The Software provider to continue to work in partnership with us to develop the software (including but not limited to custom dashboards & reporting etc.)
• A connection directly to Power Bi if required
• A user-friendly interface for budget managers to view and potentially adjust forecasts
• Lower cost than combined Oracle licences for PBCS plus Fusion GL