Automatic Statement Reconciliation Software

Published

10 February 2025

Place of performance

UKG23

Lots

1

Notice number

004355-2025

Reference

ocds-h6vhtk-04dd49

Official source

Official source

CPV codes

• 48440000Financial analysis and accounting software package

Description

Stoke-on-Trent City Council is exploring the procurement of an Automatic Statement Reconciliation Software to support financial operations by improving accuracy, efficiency, and automation in reconciling various financial statements, including bank transactions, supplier statements, and internal ledger records. - Automate reconciliation processes, reducing manual effort and improving data accuracy. - Identify discrepancies and exceptions dynamically, with built-in error handling. - Utilise AI-driven or rule-based transaction matching to enhance financial control. - Assist in the discovery of hidden credit notes to maximise cost recovery. - Provide tracking functionality to monitor whether identified issues, such as missing invoices or reconciliation discrepancies, have been resolved. - Offer compatibility with widely used ERP and finance management solutions, such as SAP Public Cloud and Civica, allowing for data extraction or integration where feasible. - Support compliance with financial regulations and reporting standards applicable in the UK public sector. - Provide an intuitive interface with real-time reporting and analytics for financial oversight.

Official publications

• FTS · 004355-2025 · 10 February 2025

Frequently asked questions

Who is the buyer of this tender?

The contracting authority is STOKE-ON-TRENT CITY COUNCIL (United Kingdom).

How can I bid for public tenders in the United Kingdom?

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