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MINISTRY OF JUSTICE has floated a tender for Hmcts Financial Transaction Processing (Middle Office) Service. The project location is United Kingdom and the tender is closing on 10 Sep 2024. The tender notice number is tender_213620/1347274, while the TOT Ref Number is 104980097. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : United Kingdom
Summary : Hmcts Financial Transaction Processing (Middle Office) Service
Deadline : 10 Sep 2024
Other Information
Notice Type : Tender
TOT Ref.No.: 104980097
Document Ref. No. : tender_213620/1347274
Competition : ICB
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : GBP 31358000
Purchaser's Detail
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Login to see detailsTender Details
This Notice is issued by the Lord Chancellor acting as part of the Crown (the "Authority").
This service will be provided for the benefit of, and managed by, His Majesty's Courts and Tribunals Service (HMCTS) an executive agency of the Authority.
The FTP middle office provides a range of data handling, processing, banking, and Management Information (MI) related services to support court services.
The provision of these services is critical to the processing of the court operations and involves the handling of high volumes of processing tasks, including receipting, payments, validation, reconciliation, and consolidation of up to 10 million transactions (over £3bn) per year.
The Authority intends to appoint a supplier to implement a service that will include integrating and maintaining a system that can pay, receive, account and reconcile high volumes of data and financial transactions. It will incorporate the ability to drill down to detailed transactional levels, support the management of individual cases, include exception handling process and the implementation of efficiencies and improved ways of working. The supplier is also required to undertake a transition programme, including data migration, in parallel to the incumbent service.
The procurement will be managed, and the procurement documents made available, via the Authority's Jaggaer eSourcing Portal (address below). If you have not yet registered on the e-Sourcing Portal, ...
Location Of Contract : Any region
Industry : Financial transaction processing and clearing-house services - 66172000
Value Of Contract : £31, 358, 000
Published Date : 30 July 2024
Closing Date : 10 September 2024
Documents
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