Trinidad and Tobago - Trinidad and Tobago - Integrated financial management system (IFMIS)

This is a business opportunity from an overseas buyer. Pitch for the business and explain how your company meets their requirements.

Expressions of interest are being sought to supply an IFMIS for a government ministry.

Details

Opportunity closing date

19 January 2017

Opportunity publication date

05 January 2017

Opportunity type

Public Sector and Aid Funded Business

Industry

Electronics & IT Hardware, Business & Consumer Services, Financial and professional services, Software & Computer Services

Enquiries received

Value of contract

to be confirmed

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Description

The services being sought are to supply, install and make an IFMIS operational. The ministry has applied for inter-American development bank funding to purchase the services.

The IFMIS is expected to cover the following:

- budget preparation and approval
- budget execution and fiscal reporting
- fiscal accounting and reporting with management dashboards
- cash management and bank reconciliation
- purchasing
- cashiering
- payment processing
- asset management
- web portal

The supply of the IFMIS will involve:

- the implementation of a new budget classification system based on government finance statistics methods
- the electronic transfer of data
- movement from a largely cash-based accounting system to a modified-cash system
- the future introduction of performance informed budgeting and accrual accounting

Opportunity closing date: 19 January 2017
Value of contract: to be confirmed

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