Financial Management System

Tender description

The Council is investigating its options for replacement of its Financial Management Software. Basicrequirements of a basic replacement system are set out below: Procure to Pay: • Requisitioning goods and services • Purchase order processing • Goods receipting • Invoice processing • Payments processing • Supplier standing data Accounts Receivable: • Raising invoice requests • Recurring billing • Cash receipting • Direct debit collection • Credit control General Ledger: • Chart of accounts/hierarchies • Enquiries • Journal entry • Budget Planning • VAT control • Commitment accounting Other: • Reporting tool functionality - over all modules • Approval workflows for processes i.e. journals, procurement, invoices • Integrated Invoice scanning and archiving Estimated cost should also include implementation, data transfer, and annual support and maintenance -separately itemised.