Vendor Integrity and Financial Reporting Services

The vendor required to provide vendor integrity and financial reporting services for include:
- Full-service vendor analysis and financial report with recommendations:
•    The successful bidder shall provide a fully outsourced, independent vendor integrity/responsibility and financial review service. 
•    The bidder shall independently source and analyze all the data using its own tools, systems, and methodologies and resources.
•    Include written summation reports and standardized vendor risk ratings for each vendor reviewed. A financial risk assessment must accompany any report. 
•    The elapsed period of time from request to findings shall not exceed two (2) business days.
- Self-service information portal:
•    A dated summary of the search and risk findings/score.
•    A description and analysis of the risk score
•    Details of the individual searches performed and findings
•    Active links to additional information, related pdfs and other findings
- Attributes and functional requirements
1. Vendor integrity review attributes
•    Independent review of vendor background information using public and proprietary data sources
•    Evaluation of regulatory, compliance, and reputational risk indicators
•    Application of a defined risk scoring and classification methodology
•    Documentation of findings, issues identified, and mitigating factors
•    Ability to recommend vendor approval, conditional approval, or rejection based on findings
2. Financial review and reporting attributes
•    Review and assessment of vendor-submitted financial statements and disclosures
•    Identification of financial risk indicators or anomalies
•    Standardized financial review summaries across all vendors
•    Clear explanation of financial risk considerations in written reports
•    Debarment or suspension, including OFAC risk 
•    Delivery of reports in standard formats (e.g., pdf, excel)
3. Reporting and deliverables
•    Written summation report for each vendor reviewed
•    Clear vendor risk rating
•    Description of review methodology and criteria used
•    Identification of material risks, findings, or concerns
•    Audit-ready documentation suitable for regulatory review.