Financial Close Modernization Tool Tender

• Country: USA
• Summary: Financial Close Modernization Tool
• UST Ref No: 137440216
• Deadline: 30 Mar 2026
• Financier: Self Financed
• Purchaser Ownership: Government
• Tender Value: Refer Document
• Notice Type: Tender
• Document Ref. No.: PR20156685
• Purchaser's Detail:
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• Description:
• Customs and Border Protection (CBP) is seeking a Commercial Off-The-Shelf (COTS) solution to modernize and streamline its financial close processes. The goal is to accelerate financial close cycles, reduce reliance on manual procedures, minimize errors, and ensure compliance with regulatory and audit requirements. By integrating Corporate Performance Management (CPM) capabilities, CBP aims to further enhance strategic oversight, enable data-driven decision-making, and optimize overall financial operations.
  The desired solution should automate routine tasks such as account reconciliations, transaction matching, and journal entries, while providing seamless integration with CBP-s existing Enterprise Resource Planning (ERP) system, specifically SAP, and other data sources. Key features should include robust workflow management, real-time visibility through analytics dashboards, and advanced error detection mechanisms. The tool must also support comprehensive compliance controls, including role-based access and automated audit trails aligned with Office of Management and Budget (OMB) Circular A-123 and Generally Accepted Accounting Principles (GAAP) standards.
  Additionally, the solution should leverage artificial intelligence (AI) and machine learning for anomaly detection, variance analysis, and automated reporting, and offer CPM capabilities to streamline workflows and improve strategic planning. Usability and collaboration are critical, so an intuitive interface and built-in collaboration tools are essential to facilitate efficient teamwork and communication throughout the financial close process.
  What is your pricing model (subscription, perpetual license, user-based, transaction-based)?
  Are there additional costs for integrations, customizations, or premium support?
  How does your solution integrate with SAP (specifically S/4HANA, ECC, or other relevant SAP modules)?
  Are there pre-built connectors or APIs for SAP environments or would this requ...
• Documents:

 Tender Notice