CPU1763 - Audit of Payments

Tender description

Leicestershire County Council and Nottingham City Council formed a partnership called East Midlands Shared Services (EMSS) in 2010 to deliver HR, payroll and finance transactional shared services. The shared service aims to provide a sustainable solution to deliver more efficient, cost effective services and a technical platform from which new ways of working can continually be developed and delivered. EMSS went live using an Oracle ERP platform from 1st April 2013 and following a review of processes and procedures within the Finance Service Centre a decision has been made to go out to tender on two separate lots; bidders can bid for each Lot and could be awarded all Lots if successful. These Lots are: Lot 1 To conduct an audit and review of all financial transactions made for the period 1 April 2013 until 31 March 2016. The purpose of this review is to check all historic transactions for accuracy and identify and recover all monies relating to financial overpayments on behalf of the relevant partner. Detailed information about the review requirements are shown in Lot 1 of the procurement documentation. Lot 2 To provide and install investigative software which has the capability to identify and report on potential duplicate and erroneous payments, prior to any payment being released. The purpose of procuring this software is to proactively minimise the risk of making incorrect or fraudulent payments and identify potential process weaknesses in the Accounts Payable function. More detailed information concerning this Lot can be found in Lot 2 of the procurement documentation. Keywords: Audit, Financial