Fund Accounting Software

Description

Contract for the provision of a Fund Accounting Software solution for the City of Wolverhampton Council as Administering Authority of the West Midlands Pensions Fund. The primary objective of the procurement was to appoint a supplier capable of delivering a robust, integrated fund accounting system that supports all asset classes and enables WMPF to operate effectively within a changing regulatory and investment environment. The solution aims to improve transparency, enhance automation, strengthen auditability, and reduce operational and financial risk. It also aims to provide accurate, timely, and consistent financial information to support effective governance, oversight, and decision-making. A further objective is to ensure that WMPF's fund accounting arrangements remain fit for purpose in light of the Government's "LGPS: Fit for the Future" reforms, expected to take effect from April 2026. The contract includes for the supply and installation of such a solution, delivered by a single supplier, and with ongoing support and maintenance.