Treasury system

The object of the procurement is the services related to the renewal and development of the Treasury system. With this Prior Information Notice Valtiokonttori (State Treasury) is preparing for the procurement of procuring new Treasury system and related services. The more detailed content of the procurement will be described at the information shared with the interested parties. The target of this Prior Information Notice is to find potential candidates to deliver new Treasury system and to provide information about the current market solution offering and long-term development plans. This Prior Information Notice does not bind State Treasury to make any procurement based on this request. Participation in market dialogue does not in any way bind any party to a potential future Invitation to tender. Suppliers who refrain from participating into this market dialogue are equally allowed to participate in potential future Invitation to Tender. Object of the procurement The State treasury has utilized the same commercial off-the-shelf treasury system and services related to it for a long time. During this period, technology, market requirements and procedures, as well as architectural approaches have been greatly developing. This prompts the necessity to explore treasury system markets to see different solution alternatives, and to compose a trial for the Treasury system and services to come. The intention is to find modern off-the-shelf solutions with comprehensive services, integration abilities and appropriate client references. The State Treasury uses the Treasury system to manage the issuance of government debt, payment transactions, derivative hedging (FX and interest), collateral, FX-trades and the investment and management of cash and cash equivalents. The Treasury system is also used to provide reporting and accounting. The objectives of the upcoming Treasury system reform are: · Improve administrative efficiency and decision-making · Reduce manual work and risk of human error by introducing more STP processes in transactions management. · Enable more accurate and real-time financial monitoring · Support long-term planning and predictability of central government finances · Raise cyber security and continuity capabilities to an advanced level In addition, the Treasury system is expected to be easy to use and scalable so that it can serve the needs of the state in the long term.