Participant Account Management Solution - UPDATED

The Tennessee Department of Treasury has issued a Request for Information (RFI) numbered 30901-64326 seeking vendor solutions for a comprehensive Participant Account Management Solution targeting three specific investment trust funds: the Local Government Investment Pool (LGIP), the Chairs of Excellence Trust Fund (COE), and the Agency Specified Investment program (ASI). The procurement aims to update and enhance the Treasury's participant accounting functionality through a sophisticated software solution with specific technical requirements. The desired system must provide participant-level accounting with a web-based interface capable of adding future plans and participants, supporting diverse withdrawal rules, calculating and reporting interest and administrative fees, generating complex reports, and interfacing with the state's internal cash movement system. Key technical deliverables include robust security features, flexible transaction processing, earnings allocation capabilities, transaction adjustment mechanisms, and customizable reporting across multiple investment portfolios. Critical procurement dates include a written questions deadline of September 30, 2025, Treasury response date of October 14, 2025, and the final RFI response deadline of November 7, 2025.

The RFI does not explicitly indicate specific set-aside designations or restrictions on responding organizations. The current system, operational since 2019, suggests potential integration requirements with existing technological infrastructure. While no specific budget range or award value is mentioned in the provided documentation, the comprehensive nature of the requested solution implies a potentially significant technological investment. The procurement appears open to various software vendors capable of meeting the complex accounting and reporting requirements for the specified investment trust funds. Potential respondents should demonstrate expertise in financial management software, participant accounting systems, and the ability to customize solutions for governmental financial management needs. The solution must show flexibility in processing, reporting, and adapting to the unique operational requirements of the Tennessee Treasury across multiple investment portfolios.