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SOCIAL DEVELOPMENT BANK has floated a tender for Installation and Application of the Loan Management System. The project location is Saudi Arabia and the tender is closing on 18 May 2025. The tender notice number is RFQ25/037, while the TOT Ref Number is 117878229. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : Saudi Arabia
Summary : Installation and Application of the Loan Management System
Deadline : 18 May 2025
Other Information
Notice Type : Tender
TOT Ref.No.: 117878229
Document Ref. No. : RFQ25/037
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
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Login to see detailsTender Details
Installation and application of the loan management system
The purpose of the competition: Below is a summary of the development project, and below is a summary of the project to develop and implement the new loan management system by the technical resource, which will be supervised by specialists from the bank and a consulting team to support and support the development of this project. The process of managing loans and savings accounts is currently in the "intermediary" banking system(Building with Oracle techniques). This system has been developed and allocated in full (Fully Customized) within the bank with the aim of managing and processing all loans affiliated with the bank's social products, free work, facilities and productive families. The bank is currently facing many challenges, from which we mention, but not limited to: - Not to be able to make changesQuickly and smoothly on the loans - not to benefit from the basic features of the loan management system (credit borders management, guarantees management, post -sales services from rescues and restructuring the loan ..) - The current system cannot be able to extract information about the past days, collection tables, and troubled loans - the difficulty of applyingInternational standards for the preparation of financial reports (IFRS9) followed, expected credit losses (ECL) and fair value accounts (FV), forcing the bank to calculate it outside the system.
The value of competition documents: 1700.00
reference number: 250439009600
Competition number: rfq25/037
Competition type: General competition
Competition case: Accredited
Place Implementation:Inside the Kingdom, Riyadh, Riyadh
Documents
Procurement Documents for Saudi Arabia
Access a comprehensive library of standard procurement documents specific to Saudi Arabia. Here, you'll find all the essential forms, guidelines, and templates required for tender applications and submissions in Saudi Arabia
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