Published date: 25 March 2021

Closed early engagement


Closing date: 14 April 2021

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

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

Website

https://supplier.coupahost.com/quotes/public_events?customer=metpolice