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Awarded contract·State Treasurer’s Office, State of New Mexico·New Mexico

Accounting Software

Won by QED Financial Systems Inc$300kAwarded 5/27/2026Single Award
Contract source

Awarded vendors

  • QED Financial Systems Inc

Description

The State Treasurer’s Office of New Mexico is awarding a four‑year, sole‑source contract for a proprietary accounting and investment‑management software platform that will be fully hosted and maintained by QED Financial Systems (via Broadridge). The solution includes cloud hosting, disaster‑recovery, continuous software updates, 24/7 support, extensive reporting, and integration with Bloomberg, JP Morgan, and the state’s ERP system. The contract value is approximately $300 k per year (about $1.2 M over the full term). • Fully‑managed cloud SaaS for state treasury accounting and investment tracking • Proprietary QED modules (Secure Global Desktop, Investment Accounting, Business Intelligence, Data Mart, iPAS) that cannot be replicated by other vendors • Mandatory backup, disaster‑recovery testing, and unlimited data‑export capabilities • Integration with Bloomberg, JP Morgan custodial feeds, PeopleSoft, and a public LGIP portal for local‑government investors • Fixed‑price annual licensing with a total contract ceiling of $300,000 per year

Attached files

Key dates

Bids closed
7/31/2026
Intent to award
5/27/2026
Awarded
5/27/2026
Starts
7/1/2026
Ends
6/30/2030
Duration
4 years

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Financial Technology
NAICS
518210
Solicitation №
60-39400-26-00076

Contract value

$300,000

The procurement notice lists a contract amount of $300,000.00, which represents the annual licensing fee for the hosted accounting software. The contract term is four years (July 1 2026 – June 30 2030), so the total out‑lay without taxes is roughly $1.2 million. The summary also provides a prospective base amount of $281,866.70 per year plus estimated taxes (~$13,741), yielding about $295,607.70 annually, which still rounds to $300,000. Therefore, the best estimate for the contract’s overall value is approximately $1.2 million over the full term, with $300,000 reported as the headline figure.

AI estimate from the award documents

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