PME - The Provision of Treasury Management System

This PME is for a system referred to internally as a treasury management system, which enables our banking and income management team (currently seven members of staff) to manage our money market funds and bank balances, with all details for monetary lending and borrowing contracts being stored in the system. The system should allow the team to record the details of all monetary deals the Council makes, both lending and borrowing, and keeps a record of all Council account balances for cashflow predictions.

The system also calculates the expected interest payments based on the relevant variables, and records information such as start and due dates, the principal amount, and the counter parties involved. From the information recorded, users can see the forecasts and estimates for cashflow for each bank account, as well as any unpaid loans or potential cashflow issues arising. In summary, the Council is aiming to procure a solution which will deliver and future proof the current functionality and additionally provide flexibility to exploit the use of new technology where this provides benefit to the business, in relation to treasury management, before April 2026 when the current contract ends.