Date of dispatch of this notice: 11/08/2023
External Reference: e3b58ee6-1ed7-4e2f-912b-61d6eec5738b
Date of dispatch of this notice: 11/08/2023
External Reference: e3b58ee6-1ed7-4e2f-912b-61d6eec5738b
Official name: Royal Academy of Music
Url: https://www.ram.ac.uk
Address line 1: Marylebone Road
Town: London
Postal Code: NW1 5HT
Country: England
Contact person: Aitor Cisneros
E-mail: a.cisneros@ensemblepurchasing.ac.uk
Phone: +44 7470159757
Title attributed to the contract: ITT for a Finance System for the Royal Academy of Music
Description:
The Academy requires a finance system to manage which needs to meet a range of requirements to support the financial management and reporting needs of the Academy. Some high level requirements for a finance system at Academy include: • Financial management: The system should provide tools for managing the Academy's financial resources, including budgeting, accounts payable and receivable, general ledger, and financial reporting. • Integration with other systems: The finance system should integrate with other systems used by the Academy, such as I-Trent payroll and HR system, and Quercus student record systems, to ensure data consistency and reduce data entry. • Grant and contract management: The system should provide tools for managing grants and contracts, including tracking expenses and revenue, invoicing, and compliance reporting. • Procurement management: The system should support procurement processes, including purchasing, vendor management, and contract management. • Asset management: The system should allow the Academy to track and manage its physical assets, including equipment, vehicles, and buildings. • Compliance: The system should support compliance with financial regulations and standards, such as GAAP (Generally Accepted Accounting Principles) and FASB (Financial Accounting Standards Board) guidelines. • Reporting and analysis: The system should provide reporting and analysis capabilities to support decision-making and strategic planning. This includes dashboards, ad-hoc reporting, and data visualisation. • Security and access control: The system should provide robust security and access controls to protect financial data and ensure appropriate access to information by authorised personnel. • Scalability: The system should be scalable to accommodate the financial needs of a growing Academy, including expansion into new programs, research, and other initiatives The successful supplier is expected to be awarded a contract for 10 years.
Additional data
User / Company
Awarded Date: 11/08/2023
Awarded Value:
236,508.00
Contract start date: 01/09/2023
Contract end date: 01/08/2028