Accounting system

Tender description

The London Borough of Tower Hamlets will be tendering for accelerated/early payment services. It is the council's intention currently that the service will be let as a concession. Prior to undertaking the tender process the council is inviting interested suppliers to contact us with a view to discussing how this model may work. If you are an organisation that is able to or is interested in providing these services please get in touch via the email address provided with this notice. Please get in touch by 7.7.2017. The intention of the contract is to obtain savings to the Council by facilitating early payments to the Council's suppliers. The key considerations of the contract are to maximise the reduction in payment values the Council makes. However other important considerations will be how related applications are implemented, the usability of the software, security of data, accuracy, cost of implementation and reconciliation of payments data for cash reconciliation purposes. Also key will be the successful bidder's ability to engage with the Council suppliers, encouraging the take up of accelerated payments without jeopardising the continuing good relations with a huge range of suppliers, from voluntary sector organisations to multinational corporations.