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Official procurement procedure

TEN-2324-003 - Finance System

System and support services
UK
Published value
£900,000
Submission deadline 30 Jun 2023, 17:00 BST
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: National Employment Savings Trust (NEST) : "TEN-2324-003 - Finance System". Published status: active. Published value: £900,000. 1 published lot. Recorded submission deadline: 30 Jun 2023, 17:00 BST. See the official notice for participation instructions.
Contracting AuthorityNational Employment Savings Trust (NEST) Scope & CategoriesNot publishedSubmission Window
Closed
30 Jun 2023, 17:00 BST
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)£900,000
Bidder Intelligence · Authority Profile: National Employment Savings Trust (NEST) 
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for National Employment Savings Trust (NEST) . These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
7.6Bids / Report
0% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 16 active published awards; 16 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityNational Employment Savings Trust (NEST) 
Procedure methodNot published
Procurement categoryNot published
Statusactive
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published31 May 2023, 15:06 BST
Last source update31 May 2023, 15:06 BST
Recurring procurementNo
ClassificationSystem and support services
Delivery area
UK
OCIDocds-h6vhtk-03d0ac
What is being bought
As Nest grows and matures as a financial services organisation, we have an increasing focus on data, and an ambition to become a data-led organization. To support this, we need a finance system that will easily integrate with Power BI, Tableau or other reporting tools to automate much of our finance reporting. This will facilitate a “single source” of the truth, remove the need for a linked spreadsheets system of financial reporting, and also offer self-service options for the business with regards to their budgeting and financial reporting requirements. We intend to procure a finance system which has a high degree of controllable functionality for its users and which eliminates the need for any such manual processes. We require that this system has built-in preventative controls, which will facilitate enhanced accuracy of the finance data reported and reduce the manual effort currently required in preparing, checking and reviewing data and finance reports.
What changed
From the official release history
  1. Published value updated to £900,000
    31 May 2023, 15:06 BST
  2. Status changed to active
    31 May 2023, 15:06 BST
  3. Official notice release published
    31 May 2023, 15:06 BST
  4. Submission deadline changed to 30 Jun 2023, 17:00 BST
    31 May 2023, 15:06 BST
  5. Buyer information updated
    31 May 2023, 15:06 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    active
    Published valueNot published
    As Nest grows and matures as a financial services organisation, we have an increasing focus on data, and an ambition to become a data-led organization. To support this, we need a finance system that will easily integrate with Power BI, Tableau or other reporting tools to automate much of our finance reporting. This will facilitate a “single source” of the truth, remove the need for a linked spreadsheets system of financial reporting, and also offer self-service options for the business with regards to their budgeting and financial reporting requirements. We intend to procure a finance system which has a high degree of controllable functionality for its users and which eliminates the need for any such manual processes. We require that this system has built-in preventative controls, which will facilitate enhanced accuracy of the finance data reported and reduce the manual effort currently required in preparing, checking and reviewing data and finance reports.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    31 May 2023, 15:06 BST
  2. Submission deadline
    30 Jun 2023, 17:00 BST
Commercial outcome and competition
AwardsNo award published
ContractsNo contract published
Bid statisticsNo aggregate bid statistics published
Buyer and organisations in this procedure

National Employment Savings Trust (NEST) 

Contracting authority GB-FTS-4649
View buyer profile
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published