Notice of suspension: Renewal of financing operative systems

Finnvera invites final offers for replacing and upgrading the functionality of Finnvera’s core financing systems with a widely configurable COTS software solution. Renewal in this procurement means both replacement of current systems and planned improved support to the business processes with the new system. This system renewal initiative is called RAJU.

The objective of this system renewal project is to replace aging customized core applications with a shared business platform based on COTS software solution that will support current and upcoming Finnvera services across business areas. Hence, the coming solution will need to be able to cater to the needs of Finnvera’s and Finnish Export Credit’s entire product portfolio and through different stages of the product lifecycle. By renewing core financing systems Finnvera aims to * establish a shared operative platform for all products * increase agility in business development and product launches (through the use of a widely configurable COTS) * increase cost efficiency by increased automation * increase process support and improve error prevention * strengthen risk management capabilities * improve data access and efficient use and re-use of data across business units * simplify its application landscape and ensure continuous support and improvement of the solution at a reasonable cost.

The procurement procedure is suspended because only one tender was received and therefore it was not possible to perform sufficient comparison of the prices or other characteristics of multiple tenders in order to award contract.