Core Finance & P2P System

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.