The transit entity is looking for a software solution

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The transportation and transit planning provider in one of Southern California’s major counties is seeking advice from vendors on implementing a new software system.

In one request for proposals (RFP) published on Monday, Orange County Transportation Authority (OCTA) is looking for help for “cash management software”. The authority said it “invites proposals from qualified consultants to implement, support and maintain a cash management solution (TMS)” which can be either software or web-based for its treasury department. Among the takeaways:

  • OCTA’s investment portfolio totals approximately $ 2.4 billion, and three banks hold the investments. Investment managers conduct up to five transactions per day. The Authority’s treasury department submits monthly investment reports to its finance and administration committee and its board of directors. Being able to track day-to-day investment activity is essential to “understand the overall risk and performance of the portfolio,” according to the RFP. The main objective of the TMS is to “reduce the time staff spend handling data and free up time for staff to analyze the market and report on portfolio characteristics”.
  • The TMS ultimately provided must be fully compatible with all securities that may be purchased under the California Government Code and OCTA’s investment policy. It must offer functionalities such as investment analysis, “flexibility of manual data entry”; full download of export data; consolidated reporting; standard and custom reports; reporting capability for daily, weekly and monthly calendars; transaction processing that “captures all trading activity from all asset classes”; and “potential integration with the general ledger IFAS (Integrated Financial and Administrative Solution)”. The selected contractor must host the TMS, which must be securely protected. It should have a ‘full audit trail of individual balance and transaction records storing data elements such as date posted, date modified, and TMS user IDs that process and / or modify data. transactions ”. And it must have the administrative and login reporting capabilities needed to track “user, functional, and security permissions.”
  • Proposals should describe the minimum system requirements of the TMS and any “browser dependencies”, explain how it “manages version control management to test and deploy application upgrades to customers while maintaining level expectations. service ”, and describe security in detail, including“ the use of encrypted Internet connectivity, digital certificates or other multi-factor authentication, as applicable. The proposals should also outline the network intrusion detection and prevention systems that will protect the TMS and specify whether any security features including password constraints, user lockouts, personal identification numbers and automated disabling of inactive logons are provided.
  • The selected consultant should verify that the proposed solution will run on the agreed platform, including hardware and software, and that the solution will meet OCTA technical standards. The consultant must “install or provide on the OCTA equipment a basic version of its main software and all partner products” during the initial configuration of the solution. This will include the tools necessary for the maintenance and administration of the system. In addition, the consultant must provide all specifications for hardware, software and installation services, and the environment “must be multi-user and capable of supporting the final solution fully configured as designed”. The consultant must also demonstrate via a proof-of-concept model that the functions “are found in the IT environment of OCTA and the associated standard platforms”.
  • The project budget is $ 984,800 and the RFP is for an initial contract term of five years with the option of a two-year extension, presumably by OCTA. OCTA will hold a pre-proposal conference by teleconference at 9 a.m. on December 29. Questions must be asked by 5:00 p.m. on January 4, and answers will arrive by January 6. Proposals must be submitted by 2 p.m. on January 20 and interviews are scheduled. for February 17th. An award date is not specified.


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