Managed Financial Services

This is a voluntary ex ante transparency (VEAT) notice. This notice is to indicate the Authority intends to contract with named supplier for the provision of managed financial services.

The Authority is currently in a system stabilisation period having transitioned to a new Enterprise

Resource Planning (ERP) system from two legacy ERPs associated with the legacy xFCO and xDfID.

Current scope of services are;

Reconciling approx. 14,000 invoices per annum received back to complex volumetric based contracts,

though recent disaggregation shall see this increase by approx. 25% year on year; Escalate to contract management function and suppliers where invoices do not reconcile;

Develop business cases based on the appropriate accounting treatment;

Respond to NAO questions at quarter 3 and quarter 4 to evidence the appropriateness of financial treatment and governance;

Complete financial accounting returns at Q3 and Q4 for the NAO to audit;

Monthly forecast meetings with all budget holders and uploads agreed position;

Manage cash requirements and forecasts with the CSC;

Work with the fixed asset team on life-ing assets;

Manage

corporate service external facing KPI.