Loan Servicing /Trust Accounting/Portal FY26
Ended Open Market Small Purchase Illinois Awarded
- Contract number
- 26-560IFA-IFA56-P-87498
- Awardee
- Applied Business Software
- Contracting organization
- IFA560 - Illinois Finance Authority
- Contract amount
- $28,800
Award facts
- Completion date
- NIGP code
- UNSPSC codes
- 64101902 Equipment loan
- 64101910 Unsecured revolving line of credit
- 64101905 Home equity loan
- 64101909 Unsecured loan
- 64101901 Automotive loan
- 64101903 Forfaiting loan
- 64101904 Home equity line of credit
- 64101906 Inventory loan
- 64101907 Mortgage loan
- 64101908 Receivable loan
Show all 11
Award details come from bidbuy.illinois.gov. Updated .
About this award
Applied Business Software has been awarded a contract by the Illinois Finance Authority (IFA560) for a Software-as-a-Service (SaaS) licensing agreement. The contract, identified as Open Market Small Purchase 26-560IFA-IFA56-P-87498, covers specialized financial software modules including Loan Servicing, Trust Accounting, ACH Express, GTM, and ARM systems. The annual license is priced at $2,500.00 and will be payable in advance for a 12-month period.
The contract was executed on October 9, 2025, with a planned completion date of October 6, 2026, representing a nearly one-year performance period. The total contract value is $28,800.00, which suggests multiple years of licensing or additional services beyond the base annual rate. The prime contractor, Applied Business Software, will provide these customized software modules to support the financial operations of the Illinois Finance Authority, with the license enabling access to critical financial management and servicing technologies.
Line items
| Item | Total |
|---|---|
| Customized Loan Servicing /Trust Accounting/ACH Express/GTM/ARM Modules-Annual SaaS license payable yearly in advance, per year-12 months@$2500.00 | — |
Quick answers
Who was awarded contract 26-560IFA-IFA56-P-87498?
Contract 26-560IFA-IFA56-P-87498 was awarded to Applied Business Software by IFA560 - Illinois Finance Authority on October 9, 2025.
How much is contract 26-560IFA-IFA56-P-87498 worth?
Its contract amount is $28,800.
On GovTribe
See this award's full record
- Every line item and file
- The contract it was ordered under and its other orders
- Similar state and local awards and opportunities
- Ask GovTribe AI about this award