Treasury Investment Portfolio System

The Michigan Department of Technology, Management and Budget (DTMB) and Department of Treasury, Bureau of Investments (BOI) are seeking a Software as a Service (SaaS) Investment Accounting and Portfolio Management System through a Request for Proposal (RFP). The procurement is specifically for Grand Traverse County and will provide comprehensive investment management capabilities, including investment accounting, portfolio management, general ledger system interfacing, pooled/separated account fund accounting, cash management, and GIPS-compliant performance measurement. Key technical requirements mandate SOC 1 and SOC 2 Type II certifications, a browser-based platform supporting 40 concurrent users, and disaster recovery capabilities with 8-hour recovery point and recovery time objectives. The system must integrate with Bloomberg AIM, State Street Bank, and the state's SIGMA system, with implementation services encompassing data conversion, migration, training, maintenance, and support. A pre-proposal meeting is scheduled for December 18, 2017, with final proposals due on January 19, 2018, and an anticipated contract start date of March 31, 2018. Vendors must provide detailed pricing for implementation milestones, annual license costs, and maintenance expenses for a 5-year period.

While no specific set-aside designations or disadvantaged enterprise requirements are explicitly mentioned in the documentation, the procurement is targeting a sophisticated investment management solution for the Michigan Bureau of Investments, which manages approximately $81.1 billion in assets and represents the 18th largest Defined Benefit Public Pension Fund in the United States. The contract includes provisions for up to three additional renewal options beyond the initial term, suggesting potential long-term engagement for the selected vendor. Although no incumbent vendor is identified, the RFP indicates a comprehensive replacement of existing investment management technology infrastructure. While precise budget ranges are not specified, the scale of assets under management and the complexity of the required system suggest a significant investment. Vendors will need to demonstrate robust technical capabilities, proven performance in similar large-scale public sector investment management implementations, and the ability to provide comprehensive SaaS solutions with advanced integration and reporting capabilities.