Stockholm City Chooses Hypergene for Budgeting and Forecasting
After a procurement process, Stockholm City has chosen Hypergene as its joint system support for its budgeting and forecasting processes. The city has set high demands on user-friendliness and the system's ability to create new opportunities for collaboration, comparisons, and decision-making. The agreement lasts five years with the possibility of extension for up to six years and represents an initial estimated contract value of over 50 million SEK.
After a strategic pre-study, Stockholm City identified needs and areas for improvement in its budgeting and forecasting processes. The goal was to create a more cohesive and efficient workflow, including introducing a joint system support for the process. A procurement process was initiated in 2021 and completed in April 2022. The chosen supplier was Hypergene, which will deliver a cloud-based system solution for planning, budgeting, and forecasting.
"We are extremely proud to receive this large and long-term trust from Stockholm City. We already have about 80 municipal customers, and the new agreement is a prestigious milestone. In the procurement process, the city set high demands on the system solution's functionality and user-friendliness, especially to enable managers and project leaders to take responsibility for their finances and operations. We look forward to working closely with Stockholm City and contribute to increased efficiency in their budgeting and forecasting processes," says Peter Andersson, CEO of Hypergene.
The procurement process included several defined effect goals. The new system support should provide common and digitalized workflows that reduce vulnerability, personnel dependencies, and inaccuracies. It should also lead to a more open and transparent budgeting process that enables collaboration, comparisons, and decision-making. Additionally, requirements were set for simple and intuitive interfaces. The system solution will be used by approximately 3,000 managers and project leaders in all of the city's district administrations, professional administrations, participating companies, Stockholm Vatten och Avfall and Stockholms Hamnar.
"In our assessment, we have looked at how well different bids could meet our high demands. Hypergene was the supplier that best met what we were looking for. We look forward to working together to create new conditions for better decision-making and control of the city's various operations," says Christer Dennemark, Head Project Manager at Stockholm City.
The agreement lasts five years with the possibility of extension for up to six years and represents an estimated contract value of over 50 million SEK.