Treasury system
Published deadline passed
The published deadline has passed. For multi-stage competitions a later tender deadline may still apply — check the notice or portal for the current phase.
- Qualification deadline
- May 27, 2024Expired
- Award
- Price 30%
Brief
Valtiokonttori (State Treasury) invites candidates to a Competitive dialogue for the procurement of a new treasury system, including technical systems and systems integration services required for implementation as well as other services in accordance with the description of the procurement as further defined on Annex 1 "Procurement description". Candidates are expected to have a track record of delivering similar Treasury systems to description of the procurement, where treasury system based on COTS (Commercial Off-The-Self) technology has been implemented. The procurement process will be carried out as a Competitive dialogue (negotiated procedure) with pre-qualification of candidates pursuant to the Public Procurement and Concessions Act (1397/2016, Public Procurement Act). The State treasury has utilized the same COTS 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. The intention is to find modern COTS 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. The scope of the procurement is described in more detail particularly in Annex 1 "Procurement description".
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Qualification requirements
Description
The candidate's specific turnover for the last financial year is at least 3 000 000 euros related to candidate's treasury business. If the application is submitted as a group of economic operators, the candidate may meet the requirement together with group of economic operators. If a candidate relies on the resources of other entities (support entities), the candidate may meet the requirement together with its supporting entity. In this case, the candidate may be asked to explain the commitments and agreements concerning the existence of financial resources. The turnover must be reported in euros. The exchange rate date should be the submission date of the application to participate. The exchange rates of the Bank of Finland can be used to calculate the exchange rate: https://www.suomenpankki.fi/en/Statistics/exchange-rates/
Documentation Requirement
The candidate shall provide the yearly specific turnover information from the previous financial year if requested by the contracting authority and if the candidate is entitled to do so by the legislation of its country of origin.
Source
No source found in the documents. Check the requirement against the tender documents.
Description
The candidate's economical standing and financial solvency is sufficiently stable to provide the contracting authority the products and services that are the subject matter of the Agreements. The candidate's economical standing and financial solvency is primarily evaluated based on European Business credit reports in the service provided by Suomen Asiakastieto Oy, which must indicate a risk rating score of 1 to 3 (Suomen Asiakastieto Oy). If the candidate's information is not stated in the service provided by Suomen Asiakastieto Oy, the economical standing and financial solvency of the candidate will be evaluated based on financial statement and/or other similar information. Candidate whose risk rating 5, or whose economical standing and financial solvency is evaluated based on other information to be on a similar basis, will be excluded from the procurement process. Candidate whose risk rating is 4, or whose economical standing and financial solvency is estimated to correspond to risk category 4, may be excluded from the procurement process if the candidate is unable to present a reliable and satisfactory explanation of the measures it is taking or has taken to improve the economical standing and financial solvency. If the application is made as a group, the requirement applies to all members of the group. If a tenderer uses supporting entities, each of them individually must meet the requirement.
Documentation Requirement
The contracting authority will request the risk rating from Suomen Asiakastieto Oy for each candidate and use it to evaluate each candidate's solvency, liquidity, and economic standing. In case the candidate's data cannot be found in Suomen Asiakastieto Oy database the candidate commits to provide to the contracting authority upon request its income statement, balance sheet, annual report, and other financial statements if their publication is required by the laws of the candidate's country of establishment. In addition, the candidate commits to provide the documents, if the candidate's risk rating is not provided by Suomen Asiakastieto Oy. The candidate is requested to ensure the correctness of its economic and financial standing before the end of the deadline for the application to participate in Suomen Asiakastieto Oy. The candidate commits to provide at the contracting authority request its financial statements and/or other documentation. These certifications will be separately requested from the candidate if they are required.
Source
No source found in the documents. Check the requirement against the tender documents.
Description
The candidate must be certified in accordance with ISO 27001 or equivalent.
Documentation Requirement
Documentation not explicitly mentioned, but implied to be a certificate.
Source
No source found in the documents. Check the requirement against the tender documents.
Description
It is enrolled in relevant professional registers kept in the Member State of its establishment as described in Annex XI of Directive 2014/24/EU; economic operators from certain Member States may have to comply with other requirements set out in that Annex.
Documentation Requirement
Documentation not explicitly mentioned, but implied to be proof of enrolment.
Source
No source found in the documents. Check the requirement against the tender documents.
Description
The candidate must fulfill the following mandatory references. The reference must be a project where i) the candidate has delivered a project that is in production use by the reference client ii) the reference has gone into client’s production usage during the period between 1.1.2017 and 29.2.2024 iii) the reference is used as a treasury system. The production usage means the initial go-live or major release of the system. The candidate must meet all the requirements described above (requirements i-iii) for each reference provided.
Documentation Requirement
The requirements for the candidate's experience related to the candidate's technical and professional qualifications are set out in Annex 2 "References rev3" (Excel sheet) to the Invitation to participate.
Source
No source found in the documents. Check the requirement against the tender documents.
Description
The candidate has delivered (one is chosen) to a sovereign treasury or a supranational entity a solution for its debt management operations in the capital markets. - to a central bank a solution for its core financial operations. - to a public agency a solution for its debt management operations in the capital markets.
Documentation Requirement
The requirements for the candidate's experience related to the candidate's technical and professional qualifications are set out in Annex 2 "References rev3" (Excel sheet) to the Invitation to participate.
Source
No source found in the documents. Check the requirement against the tender documents.
Description
The candidate has delivered to the reference client the reference solution as Software as a Service (SaaS). These SaaS-services include technical environment maintenance, required software upgrades, monitoring, solution operations, and incident management at agreed Service Level Agreements (SLAs).
Documentation Requirement
The requirements for the candidate's experience related to the candidate's technical and professional qualifications are set out in Annex 2 "References rev3" (Excel sheet) to the Invitation to participate.
Source
No source found in the documents. Check the requirement against the tender documents.
Description
The candidate has delivered to the reference client a solution where the client uses the solution to send payments from the European Central Bank's ESMIG T2 central bank money system.
Documentation Requirement
The requirements for the candidate's experience related to the candidate's technical and professional qualifications are set out in Annex 2 "References rev3" (Excel sheet) to the Invitation to participate.
Source
No source found in the documents. Check the requirement against the tender documents.
Award Criteria
Description
The weight of the quality is 60 - 80. Quality is divided into more specific categories, which will be further described to the final Invitation to tender. The numerical value 70 stated below is the middle value of the weight range value mentioned above.
Source
No source found in the documents. Check the weight against the tender documents.
Description
The weight of the price is 20 - 40. The numerical value 30 stated below is the middle value of the weight range value mentioned above.
Source
No source found in the documents. Check the weight against the tender documents.
Previous winners
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From the notice
Valtiokonttori (State Treasury) invites candidates to a Competitive dialogue for the procurement of a new treasury system, including technical systems and systems integration services required for implementation as well as other services in accordance with the description of the procurement as further defined on Annex 1 "Procurement description". Candidates are expected to have a track record of delivering similar Treasury systems to description of the procurement, where treasury system based on COTS (Commercial Off-The-Self) technology has been implemented. The procurement process will be carried out as a Competitive dialogue (negotiated procedure) with pre-qualification of candidates pursuant to the Public Procurement and Concessions Act (1397/2016, Public Procurement Act). The State treasury has utilized the same COTS 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. The intention is to find modern COTS 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. The scope of the procurement is described in more detail particularly in Annex 1 "Procurement description".
Contact
Valtiokonttorikilpailutus@hansel.fi- Competition · PrequalificationType
- 72000000Main codeIT services: consulting, software development, Internet and support
- 48000000Software package and information systems72600000Computer support and consultancy services