Financial Reporting and Process Automation Software

The Vendor is required to provide to gather information regarding available cloud-based financial reporting and process automation software solutions capable of meeting the university’s needs.
- Functional requirements
1. Financial system integration
•    Ability to interface with and import data from colleague by university
•    Ability to format imported data into:
o    Financial statements
o    Related footnotes and disclosures
2. Reporting and collaboration
•    Support for multiple users collaborating simultaneously on the same report
•    Ability to assign roles, permissions, and approvals
•    Version control and audit trail capabilities
3. Workflow and task management
•    Ability to create configurable workflows
•    Task assignment and progress tracking functionality
•    Visibility into status and completion of reporting tasks
4. Data validation and controls
•    Systematic validation across the full annual comprehensive financial report (ACFR)
•    Ability to validate values embedded in narrative text against financial statements
•    Controls that support audit readiness and data integrity
5. Customization and presentation
•    Ability to customize formatting, including:
o    Logos
o    Signatures
o    Graphics
•    Ability to generate publication-ready reports
6. Historical data management
•    Ability to retain and roll forward prior-year data
•    Support for multi-year reporting continuity.