Outsourced Finance and Accounting Services

The government authority in Ontario is seeking a vendor to provide outsourced finance and accounting services. The agency needs a combination of transactional accounting support, monthly reporting, compliance administration, audit preparation, governance reporting support, payment administration, and limited financial advisory support appropriate to the scale and complexity of its operations. The selected provider will manage accounts receivable, accounts payable, corporate credit card reconciliations, general ledger records, and aged receivables and payables. The scope of work also covers treasury and banking tasks, including bank reconciliations, processing bank fees and direct debits, supporting cash management visibility, and preparing monthly cash flow reporting. Additionally, the agency requires payroll administration support to record payroll transactions, reconcile payroll-related accounts, and maintain payroll-related financial documentation. The provider must also deliver tax and compliance services, monthly financial reporting, governance and management support, year-end and audit support, payment administration and controls, and internal controls and financial governance. Eligibility is restricted to onshore organizations located in Canada only. Bidders must submit their proposals digitally via email or online. The agency has not disclosed a specific budget and is looking for proposals to determine the cost. The source document does not contain evaluation criteria or key dates for this opportunity.