Core Finance & P2P System

Description

Midland Heart is seeking to engage with the market to inform the potential procurement of a modern, integrated Core Finance and Procure-to-Pay (P2P) system. The solution will support end-to-end financial management and procurement processes, enabling improved financial control, operational efficiency, and compliance. The system is expected to replace or enhance existing legacy platforms and provide a scalable, secure, and user-friendly environment. At a high level, the required solution should deliver: Core Financial Management, including general ledger, accounts payable, accounts receivable, fixed assets, cash management, and financial reporting Procure-to-Pay functionality, covering supplier onboarding, requisitioning, purchase ordering, goods receipting, invoice processing, and payments Integrated workflows and automation, including approvals, matching (2-way/3-way), and exception handling Robust reporting and analytics, enabling real-time visibility of financial performance, spend, and cash flow Compliance and control features, supporting auditability, segregation of duties, and adherence to relevant financial regulations and standards Interoperability, with the ability to integrate with existing corporate systems (e.g. HR, payroll, banking, and third-party supplier networks) The Authority is particularly interested in understanding: Available solution capabilities and innovation in the market Implementation approaches and indicative timelines Commercial models and cost drivers Opportunities for process standardisation and best practice adoption This pre-market engagement will help shape the Authority's requirements and procurement strategy and does not constitute a formal call for competition.