Defence seeks financials for costing, forecasts

The New Zealand Defence Force is looking for a financial system to provide accurate forecasts and costing, to help it stretch its limited resources. The system must be capable of handling up to 30-year time-frames and be able to provide analysis data for more than 100 scenarios. It should also allow scenarios to be changed quickly with limited data input.

The New Zealand Defence Force is looking for a financial system to provide accurate forecasts and costing, to help it stretch its limited resources.

The system must be capable of handling up to 30-year time-frames and be able to provide analysis data for more than 100 scenarios. It should also allow scenarios to be changed quickly with limited data input.

NZDF chief financial officer Maurice Horner says there's increased pressure on the NZDF to stretch already scarce resources.

He says a lot of its capital equipment was purchased in the 1960s and needs replacement. "As a result, it is critical that the impact of our major organisational, operational and capital purchase decisions are accurately forecasted and costed."

He says this project looks at the high-level financial impacts of planning decisions with a two- to 30-year horizon.

The most important aspect of a financial planning system will be the ability to switch scenarios on or off, and easily vary the start date for projects, he says.

He believes the new system will improve the quality, quantity and timeliness of information available at the executive management level.

Horner says there's no predefined technology requirements for the project. "A data cube-style package with multiple views and multiple versions is what we anticipate will meet our needs." However, the system should interface with its SAP package.

So far the NZDF has had about 10 replies, and it wants the implementation to take place within the current financial year.

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