Accounting software

The State of New Mexico's State Treasurer's Office is seeking sole-source renewal and extension of hosted investment accounting and analytics software services from QED Financial Systems, Inc., operating through Broadridge Financial Solutions, Inc., with proposals due July 31, 2026. This is a sole-source procurement with a 30-day posting period for protest before final approval by the State Purchasing Agent.

The scope encompasses hosting and maintaining a computer hardware environment with remote accessibility; nightly onsite and weekly offsite backup storage; access to new software releases and updates; telephone support Monday through Friday, 8 a.m. to 6 p.m. Eastern time; disaster recovery testing; and data extraction in multiple formats. The platform must maintain databases for State Treasurer's Office Cash and Investment Portfolios, Local Government Investment Pool accounts, and Bond Proceeds Investment Pools with portfolio tracking metrics, investment metrics, and mandatory reporting functions. Required technical capabilities include cloud-based security standards, unlimited user access, and interfaces with Bloomberg, JP Morgan Chase, and the state's ERP system.

The sole-source determination rests on QED Financial Systems' proprietary module combination—Secure Global Desktop gateway, Investment Accounting Software, Business Intelligence, Data Mart, and iPAS modules—plus Broadridge's certified custodial data aggregation engine and built-in disaster recovery capabilities. The State Treasurer's Office conducted due diligence including review of statewide price agreements, industry research, and evaluation of competing vendors such as SS&C GlobeOp, IBM, Oracle, SAP, and BlackRock Aladdin, all of which lack the integrated, audit-ready hosted solution required.

The contract is valued at $281,866.70 for the first year and $1,127,466.80 over the four-year term through June 30, 2030, with estimated annual tax of $13,741.00 and four-year tax of $54,964.00. QED Financial Systems is the incumbent provider.