Fund Accounting System and Financial Reporting Software

The Vendor is required to provide fund accounting system and financial reporting software solution should enhance operational efficiency, strengthen financial management capabilities, and support long-term modernization efforts.
- Product features and functionality
•    Comprehensive general ledger - flexible account coding with multiple segments, interfund management, self-balancing entries for fund accounting, cost center allocation, recurring journal entries,  
•    Cash management and bank reconciliation
•    Accounts receivable for various lines of business including lease rent and utilities property management
•    Lease and sbita accounting
•    Loan (receivable) management
•    Fixed assets management
•    Inventory of property and land management
•    Accounts payable
•    Bond portfolio management and accounting
•    Grant accounting
•    Job costing (for project tracking)
•    Business intelligence reporting through “smart” setting downloads to spreadsheet files
•    Robust financial reporting and customization
•    Data warehousing, data import (including historical data), data export or interface, retention support
•    Audit trail in workflows
- Cloud-native solution
•    The software solution is cloud-native, particularly how it is architecturally designed for cloud environments and its requirements. 
•    Software solution maintenance and warranty services, including software updates, back-ups, data exports, and system availability.