The HEA intends to identify and select the most economically advantageous software for its financial management system requirements.

The system to be implemented will enable the organisation to:

• carry out the accounting system functions including nominal ledger processing, procurement and purchasing, accounts payable, processing T&S claims, grants payable, accounts receivable, fixed assets, reporting and budgeting, and bank/treasury management;

• support current and future integration to other systems within the HEA such as grant management, grant allocation and payroll systems;

• provide customisable workflow functions to manage grant payment approval or systems outside HEA e.g. outsourced payroll provider;

• provide customised reports and in certain cases dynamic reporting;

• the contracted supplier will be required to provide in house training and support for users;

• the contracted supplier will be required to provide ongoing system updates and maintenance.

The HEA intends to identify and select the most economically advantageous software for its financial management system requirements.

The system to be implemented will enable the organisation to:

• carry out the accounting system functions including nominal ledger processing, procurement and purchasing, accounts payable, processing T&S claims, grants payable, accounts receivable, fixed assets, reporting and budgeting, and bank/treasury management,

• support current and future integration to other systems within the HEA such as grant management, grant allocation and payroll systems;

• provide customisable workflow functions to manage grant payment approval or systems outside HEA e.g. outsourced payroll provider;

• provide customised reports and in certain cases dynamic reporting;

• the contracted supplier will be required to provide in house training and support for users;

• the contracted supplier will be required to provide ongoing system updates and maintenance.