Financial Planning and Analysis Budgeting Software

The Vendor is required to provide financial planning and analysis budgeting software solution will replace the college's current spreadsheet-based budgeting processes and provide a centralized platform for budgeting, forecasting, workforce planning, reporting, workflow management, and financial analysis.
- Project governance and planning
• Defined project phases (e.g., initiation, design, configuration, integration, testing, deployment, hypercare).
• Key milestones and deliverables.
• Critical path and dependencies.
• Resource plan.
• Time estimates for each phase and task.
• Risk management plan, including mitigation strategies.
• Communication and reporting framework.
1. Business and functional design
• Functional design documentation aligned
• Operating and capital budgeting.
• Multi-year planning and forecasting
• Scenario modeling
• Fund accounting.
• Workforce (position, salary and benefits) planning.
• Configuration design aligned to approve business processes.
• Documentation of assumptions, constraints, and design decisions
2. Implementation
• Implementation methodology.
• Environment strategy.
• Configuration and deployment approach.
• PeopleSoft finance
• PeopleSoft human
3. Deployment and go-live
• Cutover plan.
• Rollback and contingency plan.
• Go-live readiness assessment.
• Final data validation and reconciliation approach.
• Go-live date is anticipated for December 1, 2026.