ID 5371238 - DoF - Loans Management System

Tender description

Public Spending Directorate (PSD) is responsible for maximising the resources available to Northern Ireland, advising on their allocation and ensuring the effective use of available resources through monitoring public expenditure, in line with the priorities set in the draft Programme for Government (PfG), as well as setting the ground rules for the administration and use of public funds. Government Accounts Branch (GAB) is a branch within the Accountability and Financial Management Division of PSD. GAB manages the NICS Banking Pool, the Northern Ireland Consolidated Fund (NICF), the Paymaster General Account, as well as investing surplus funds through the Debt Management Office in HM Treasury, and administers the loan arrangements for Local Authorities, Schools, NIHE and other Public Bodies. The provision of a Loans Management System that, Calculates repayment schedules for new loans, Produces quotes for potential loans, Calculates premature redemptions, Produces receivable orders and Recalculates outstanding balances. With the Ability to migrate existing data from the legacy system, Ability to export data from the system to Microsoft Word/Excel; Provision of a help desk facility for day-to-day support; and Provision of online or onsite training and documentation for staff in the use and administration of the proposed solution. The initial contract period is for 3 years with two optional extension periods of 1 year each. For further details regarding the requirement, please refer to document entitled “ID 5371238 - Loans Management System - Specification”. Public Spending Directorate (PSD) is responsible for maximising the resources available to Northern Ireland, advising on their allocation and ensuring the effective use of available resources through monitoring public expenditure, in line with the priorities set in the draft Programme for Government (PfG), as well as setting the ground rules for the administration and use of public funds. Government Accounts Branch (GAB) is a branch within the Accountability and Financial Management Division of PSD. GAB manages the NICS Banking Pool, the Northern Ireland Consolidated Fund (NICF), the Paymaster General Account, as well as investing surplus funds through the Debt Management Office in HM Treasury, and administers the loan arrangements for Local Authorities, Schools, NIHE and other Public Bodies. The provision of a Loans Management System that, Calculates repayment schedules for new loans, Produces quotes for potential loans, Calculates premature redemptions, Produces receivable orders and Recalculates outstanding balances. With the Ability to migrate existing data from the legacy system, Ability to export data from the system to Microsoft Word/Excel; Provision of a help desk facility for day-to-day support; and Provision of online or onsite training and documentation for staff in the use and administration of the proposed solution. The initial contract period is for 3 years with two optional extension periods of 1 year each. For further details regarding the requirement, please refer to document entitled “ID 5371238 - Loans Management System - Specification”.