Contract summary
Industry
- Financial and insurance services – 66000000
Location of contract
London
Procurement reference
MET POLICE__COUPA EVENT #95
Published date
25 March 2021
Closing date
14 April 2021
Contract is suitable for SMEs?
No
Contract is suitable for VCSEs?
No
Description
This is not a procurement or an invitation to submit bids at this stage. The Authority are undertaking a preliminary market engagement exercise to establish interest and solutions that are currently available in the marketplace for Banking Solutions.
Background Information
The Authority currently has two main bank accounts 1) Fund Main Supply Account and 2) Fund Drawing Account.
In addition to the main accounts approximately 100 bank accounts will be required by divisions and operational departments. Most of these accounts are operated on an imprest basis and are funded periodically. Bank accounts are also maintained for holding significant balances on behalf of third parties.
As a minimum, for the Third Party Monies accounts, the Authority requires a virtual account solution that has the following functionality:
• the ability to hold funds in Sterling, Euros and US dollars
• simple desktop opening/closing of bank accounts
• production of bank statements for individual account holders that are identical to standard bank statements (i.e. the statements must refer to the bank and the individual account holder, including both their name and their POCA reference, and not MOPAC or the MPS).
There is a requirement for there to be a large London presence across the Metropolitan Police District to enable money to be deposited.
Please use this link to access Coupa and respond to the PIN. https://supplier.coupahost.com/quotes/public_events?customer=metpolice
How to apply
Follow the instructions given in the description or the more information section.
About the buyer
Contact name
Hannah Lloyd
Address
West End Central Police Station
LONDON
W1S2EX
England
Telephone
020 7161 1550
Email
Hannah.Lloyd@met.police.uk