Financial Planning and Forecasting Software
Overview
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SUMMARY
KEY REQUIREMENTS
CONTRACT DURATION
TIMELINE
Deadline for Enquiries: July 20th, 2026
Proposal Submission Deadline: July 30th, 2026
Selection and notification of short-listed Proponents: By August 25th, 2026
Presentation(s): August 31st, 2026 – September 3rd, 2026
Evaluation of presentations: September 4th, 2026
Selection of Preferred Proponent(s): September 4th, 2026
Reference checks: Week of August 31st, 2026
Notification to selected Preferred Proponent: September 11th, 2026
Commence contract negotiations: September 14th, 2026
Contract award: November 2026
QUESTION DEADLINE
CONTACTS
Primary procurement contact — name, title, email, and phone
Additional decision-makers and their departments
Issuing Agency
Insurance Corporation Of British Columbia
DESCRIPTION
The organization is seeking a vendor to provide comprehensive financial planning and forecasting software. The solution must support forecasting of revenue, investments, claims, operating expenses, capital projects, and full-time equivalents across monthly, annual, and multi-year timeframes. It should enable long-range planning capabilities, allowing users to model various scenarios and adjust as assumptions change.
Key requirements include support for annual budgets, quarterly and rolling forecasts, ad hoc scenario modeling, and the ability to plan by month, quarter, or year with consistent views. The system must use the latest year-end actuals as opening balances and accommodate multiple planning dimensions such as accounting periods, allocation percentages, and currencies. Outputs are required for both internal and external stakeholders, including boards and regulatory bodies.
The software should generate standard financial statements and management summaries, support concurrent users with robust data control features (locking, change tracking, real-time updates), and enable file ingestion via flat file uploads, manual/secure SFTP, or integration with platforms such as SAP, SuccessFactors, Resq, and Hadoop. It must support budgeting and forecasting at the cost center, department, division, program, and GL account levels. The initial contract period will be for one year.
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Frequently asked questions
- When is the submission deadline?
- Submissions are due July 30, 2026. Questions must be submitted by July 20, 2026.
- Who issued this RFP?
- It was issued by Insurance Corporation Of British Columbia. The work is located in North Vancouver, British Columbia, Canada.
- Who is a good fit for this opportunity?
- Proven experience delivering enterprise-grade financial planning and forecasting software
- Expertise integrating with SAP, SuccessFactors, Resq, and Hadoop platforms
- Capability to support multi-user environments with advanced security controls
- Experience working with governmental or regulated organizations
- Presence or support operations in Canada
Analysis generated by Settle AI from the source RFP.
RFP Hunter shows what is open. Settle shows what is forming.
Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.