Financial Software Solutions RFP CIO-21-103 AFR Summary
"Explore the RFP CIO-21-103 AFR for acquiring and implementing financial software solutions, including details on AFR and IFFM requirements, scope phases, event calendar, and more to meet organizational needs effectively."
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Presentation Transcript
RFP Number: CIO-21-103 AFR Software Solution Pre-proposal Conference March 12, 2021 Mark Schulz Deputy CIO
Agenda Introductions Scope of Project AFR Requirements IFFM Requirements Calendar of Events Q&A 2
Scope Phase I - Acquire and implement a software platform and solution to: Manage and automate its financial close Manage and automate consolidation process Create the statutorily required Annual Financial Report (AFR) Phase II - Update and re-implement its Institutional Financial Forecasting Module (IFFM) Solution expected to produce publishable reports as specified by Governmental Accounting Standards Board (GASB), the State of Texas, and the A&M System requirements Professional services for the implementation of the solution are in scope 3
AFR Requirements Use of Journal / Transaction Detail Report Development Publication Ready reports Supplemental Journals and Other Adjustments Reclassification and Allocations Reconciliation Consolidation Close Management and Workflow A&M System Member Access and Delegation Quarterly Reports Integrations with Financial Forecasting Software 4
IFFM Requirements Current IFFM Will Serve as Requirements Base Data Sourced from AFR Implementation and Other Sources Improvements to Tuition Revenue Forecasting What if Analysis 5
Calendar of Events Release of Request for Proposal February 26, 2021 Pre-proposal Conference - 10:00 a.m. CST, March 12, 2021 Deadline to Submit Questions - March 17, 2021 Release of Addendum (if applicable) - by March 23, 2021 Responses Due - April 6, 2021 by 2:00 p.m. CDT Presentation/Demonstrations (at A&M System s option) - week of April 26 and/or May 3, 2021 Selection of Respondent Anticipated - by June 1, 2021 6
