SW-28269 - USA (Virginia) - Lease Accounting Software System - Deadline October 16,2019

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: SW-28269

Government authority located in Virginia; USA based organization looking for expert vendor for lease accounting software system.

[A] Budget: Looking for Proposal

[B] Scope of Service:

(1) Vendor needs to provide software solution, cloud solution, or software-as-a-service solution that would provide a tool to comply with the lease accounting.
- Generate journal entries by month, quarter or annually and accurately calculate lease data
- Account for each lease by general ledger accounting code
- Classify lease types
- Set up notifications for critical dates
- Support the importing of data from existing repositories and spreadsheets into the tool’s database
- Store and track data about each lease, journal entry, and asset
- Ensure compliance of leases with new lease accounting standards
- Provide total rent, inclusive of contingencies
- Calculate short and long-term lease liability, while amortizing the right-of-use (ROU) asset
- Alert notifications for lease renewals and deadlines to ensure start and end dates are not missed.
- Role based access control.
- Lease duplication prevention.
- Develop, document and implement internal controls for leases.
- Develop training materials and videos and train accounting staff.
(2) All question had been due on October 4, 2019.

[C] Eligibility:

- Onshore (USA Only);

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office location.

Expiry Date : Wednesday, 16 October, 2019

Question Answer Deadline : Friday, 4 October, 2019

Category : Software, System and Application, Auditing, Finance and Accounting

Country : USA

State : Virginia

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