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Awarded contract·University of Florida·Florida

Treasury Management System

Won by Kyriba Corp.$1MSingle Award
Contract source

Awarded vendors

  • Kyriba Corp.

Description

The University of Florida is seeking a new Treasury Management System to replace its current manual processes. The system should be able to support integration with Workday and the university's current and future banking partners. The contract was awarded to Kyriba Corp. through a competitive solicitation process. The system should include modules for treasury operations, cash tracking and forecasting, external and internal debt management, and other relevant modules. The university is looking for a modular system that can be implemented in various stages based on the university's needs.

Attached files

Key dates

Starts
9/24/2024
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Information Technology and Software Development
NAICS
511210
Solicitation №
FY24 -ITN-042

Contract value

$1,000,000

The contract value is not explicitly stated, but based on the scope of work and the fact that the university is a large institution, it is likely to be a significant amount. The contract has an initial period of 5 years with an option to renew for up to 2 additional 1-year periods, which suggests a long-term commitment. The university's annual budget for similar services is not available, but the contract is likely to be in the range of $500,000 to $2 million per year, depending on the scope of work and the vendor's pricing.

AI estimate from the award documents

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