The University of Florida (UF) has issued an invitation to negotiate (ITN) for qualified vendors to submit proposals for a treasury management system (TMS).
Currently, the university does not have a TMS in place and performs all treasury management system processes manually.
According to the ITN, “UF is currently undergoing a transition of its banking partner from Wells Fargo to JP Morgan Chase and is in the process of implementing Workday as its ERP system with a go-live date of July 2027.”
As a result, all proposed systems should support integration with Workday and UF’s current and future banking partners.
A modular system that allows the university to implement various features independently based on its needs is preferred. However, vendors are encouraged to propose any treasury management systems and modules they believe will meet the university’s needs based on industry experience.
Aside from that, the ITN does not list any other minimum technical specifications.
More detailed information about FY24 -ITN-042, including all submission requirements and requests, can be found online. The proposal deadline is 3:30 p.m. on June 26.
University of Florida Issues ITN for Treasury Management System
The university currently lacks a treasury management system; all related processes are currently performed manually. The procurement comes amid a banking change and a new ERP implementation.
University of Florida
