Fund Accounting System and Financial Reporting Software

Project ID: RFI-26-001-FMB State|LocalOpportunities

Overview

Agency	Hawaii Department of Business, Economic Development & Tourism [HI]
Deadline	06/08/26
Posted	05/01/26
Estimated Value	$500,000 - $2,000,000 (AI estimate)
Set Aside	Not Provided
NAICS	Not Provided
PSC	Not Provided
Location	Hawaii

Description

Primary Latest Change

HHFDC is seeking information through a Request for Information (RFI) for a fund accounting, financial management and reporting software solution. This RFI aims to gather insight on modern financial management business practices, technological advancements, capabilities, implementation approaches, and market readiness to develop an upcoming procurement. Submitting a response to this RFI is not a guarantee in any way that a vendor will be selected for any work contemplated in the RFI or from a subsequent RFP, if any. This RFI shall not limit any rights of the HHFDC, and the HHFDC reserves all its rights including but not limited to its right to procure the goods and/or services that are the subject of this RFI and its right to procure them from a vendor that has not responded to this RFI. The HHFDC reserves the right to recall the RFI in its entirety or in part. The information provided in the RFI is subject to change and is not binding on the State. Please see attached document for more details.

Summary (Newest Update)

Background The Hawaii Housing Finance and Development Corporation (HHFDC), under the Department of Business, Economic Development & Tourism (DBEDT), is seeking information through a Request for Information (RFI) for a fund accounting, financial management, and reporting software solution. The goal is to gather insights on modern financial management practices and technological advancements to develop an upcoming procurement. HHFDC aims to replace its current accounting system, Microsoft Dynamics GP, which will no longer be supported after 2029. The new solution should enhance operational efficiency and strengthen financial management capabilities while complying with federal and state requirements. Work Details The RFI seeks proposals for a comprehensive fund accounting system and financial reporting software solution that includes: - Comprehensive general ledger with flexible account coding, interfund management, self-balancing entries, cost center allocation, and recurring journal entries. - Cash management and bank reconciliation features. - Accounts receivable functionalities for various business lines including lease rent and utilities property management. - Lease and SBITA accounting capabilities. - Loan management features. - Fixed assets management tools. - Inventory of property and land management functionalities. - Accounts payable processing. - Bond portfolio management and accounting features. - Grant accounting capabilities. - Job costing for project tracking. - Business intelligence reporting with export capabilities to spreadsheet files. - Data warehousing, import/export functionalities, audit trails in workflows, and cloud-native architecture. Period of Performance The RFI was released on May 1, 2026, with responses due by June 8, 2026. The timeline indicates that the procurement process may lead to implementation following this period. Place of Performance The contract will be performed in Hawaii as indicated by the issuing agency's location. Bidder Requirements Respondents must demonstrate experience in providing similar software solutions to government or large organizations. Specific certifications or qualifications were not detailed.

Contacts