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Florida Municipal Power Agency Seeks Bids for Treasury Management System

The agency is seeking assistance in updating its existing treasury management system or implementing a new one in order to ensure tracking and reporting of key portfolio metrics.

A U.S. Treasury check with a black computer keyboard in the background.
(Shutterstock)
The Florida Municipal Power Agency (FMPA) is seeking proposals from qualified vendors to upgrade its current treasury management system (TMS) or implement a new one to minimize manual tasks, enhance integration and streamline reporting.

According to the RFP, the proposed solution should “have the capability to manage the agency’s fixed income debt and investment portfolios, while efficiently tracking and reporting key portfolio metrics.”

In addition to core debt and investment management functions, FMPA seeks enhanced cash management and forecasting capabilities within the TMS solution to ensure accurate financial planning and optimize available funds.

Interested vendors must include the following with their proposals:
  • Long-term and short-term debt instruments that the proposed software supports
  • How proposed software supports functions including payment verifications and calculations, payment scheduling and rate resets
  • The proposed system’s ability to support interest calculation method as well as limitations
  • How the new or updated system will import rates and if rates can be overridden manually
More information on RFP No. 2024-212 can be found online. Bids are due at 10 a.m. Dec. 5.
Cristina Carter is a Tallahassee-based staff writer. She has a bachelor's degree in English literature and a master's degree in international affairs, both from Florida State University.