# Financial Planning, Forecasting and Budgeting Solution

> A sourced UK public sector contract award published by Financial Services Compensation Scheme.

## Key facts

- Buyer: [Financial Services Compensation Scheme](/buyers/financial-services-compensation-scheme/contract-awards)
- Supplier: Tagetik UK Limited
- Award value: £1,224,880
- Tender value: £1,224,880
- Award date: 2 April 2023
- Published: 5 April 2023
- Contract start: 3 April 2023
- Contract end: 2 April 2026
- Stage: awarded
- Procurement category: goods
- Notice ID: 4ab9932e-73e2-4014-ad5a-4da6fd319c34-632656
- OCID: ocds-b5fd17-028d898f-bbc0-4ec3-b226-e8bb08a15d19

## Description

FSCS has procured Financial Planning, Forecasting and Budgeting solution\. The new solution would support the business to do the following: •Prepare regular forecasts and annual budgets of all cost and revenue accounts in a simple and easily updatable manner; •Prepare regular forecasts of non-financial information e\.g\. headcount and claims volumes; •Monitor actuals against budget and forecasts enabling management to easily identify, understand and report variances; •Allocation of costs \(actuals and forecast\) to several categories e\.g\. for activity-based costing analysis and to various funding categories for levy calculations; and •Report to senior management, Board and externally\. This includes licences, implementation and annual support and maintenance

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/4ab9932e-73e2-4014-ad5a-4da6fd319c34-632656)