ABOUT FCC
FCC is Canada’s leading agriculture and food lender, dedicated to the industry that feeds the world. FCC employees are committed to the long-standing success of those who produce and process Canadian food by providing flexible financing, AgExpert business management software, information and knowledge. FCC provides a complement of expertise and services designed to support the complex and evolving needs of food businesses. As a financial Crown corporation, FCC is a stable partner that reinvests profits back into the industry and communities it serves. For more information, visit fcc.ca.
RFP CONTACT
Ronke Niagwan
Procurement Manager
Farm Credit Canada
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RFP SCOPE
FCC is looking for a solution that would fulfill ‘system of record’ needs for items such as deal pipeline, investment transactions over the life of the investment (commitments, calls, distributions, valuations, etc), payment processing, workflows, performance measurement, reporting, cashflow forecasting, customer information and policy and risk limit management. The solution should enable capture of investments related to an external fund portfolio (tracking of GP, management fees, carry, waterfall, committed capital, etc) as well as individual deal and customer information specific to FCC direct investment in companies and the management and administration of the key components/transactions related to these investments. The solution should easily integrate FCC’s SAP general ledger as well as Microsoft products.
The successful Proponent will also provide implementation services, guidance and direction on how standard system functionality enables industry best practices for managing and maintaining VC/PE portfolios.
FCC requires that any proposed software solution be submitted only once. Software solution providers or resellers must submit their proposal in partnership with their preferred implementation partner. Multiple proposals for the same software solution from different implementation partners or as standalone submissions will not be accepted. Each proposal must clearly identify the implementation partner, and the solution provider is responsible for coordinating with their chosen partner to deliver a single comprehensive proposal
The solution would improve accuracy, usefulness and timeliness of financial and operational data, and would facilitate risk measurement, forecasting, reporting, and analytics. We are looking for industry leading software solution and a partner to enhance our system capabilities to improve operational efficiency, reduce risks, and facilitate the required system capabilities to house and maintain our investment and customer records.
The following are some of system capabilities that we require:
Customer, relationship and partner management
Deal Capture / Investment Details
Portfolio analytics and reporting
Investment Accounting and Operations
Integrations
FCC is looking for one (1) successful Proponent that will provide a solution that will help FCC achieve the business needs stated below. However, FCC reserves the right to award the RFP scope of service to one or multiple Proponents to ensure the success of this solution.
More details of scope and requirements are included in the RFP document.
RFP PARTICULARS
All conditions for Proponent participation are included in the RFP documents.
Duration of Contract: will be negotiated but could be up to 10 years
Options: included in the duration of the contract
Estimated Quantity of Goods or Services: Not applicable.
Timeframe of Delivery of Goods or Services: Not applicable.
RFP SCHEDULE
RFP Release Date: August 26, 2024
Proponent Questions Accepted Until: September 4, 2024 at 2:00 PM*
FCC Response to Proponent Questions Delivered Before: September 16, 2024 at 5:00PM*
RFP Closing Date/Time: September 30, 2024 at 2:00PM*
NOTE: All times are CST – Saskatchewan. The above dates are subject to change at the sole discretion of FCC. Any changes to the RFP Schedule will be communicated to all Proponents via amendment on MERX.
RFP PROCESS CONSIDERATIONS
This opportunity is covered under the provisions of Chapter 5 (Government Procurement) of the Canadian Free Trade Agreement (CFTA) and Chapter 19 (Government Procurement) of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA).
FCC is subject to the Official Languages Act (Canada). Proponents may choose to respond to this RFP in their official language of choice (English or French).
This opportunity notice references a non-binding, competitive RFP, and is not a call for tenders. FCC is not obligated to proceed with the Work described in the RFP Scope and may cancel the RFP at any time. FCC’s procurement process allows for consecutive or concurrent negotiations between FCC and one (1) or multiple Proponents, prior to awarding a Contract.
MERX ELECTRONIC BIDDING SYSTEM
This Request for Proposals (RFP), including any attachments and amendments to such RFP, is available for download by the Proponent on MERX. MERX is a Canadian Public Tenders electronic bidding system accessible at https://www.merx.com. It is the sole responsibility of the Proponent to ensure its compatibility with MERX.
Proponent proposals MUST be submitted electronically through MERX, preferably in a PDF or MS Word file, prior to the RFP Closing Date/Time specified in the RFP. Proposals submitted in other formats, by other methods or through any other means, or after the RFP Closing Date/Time specified in the RFP, may be rejected by FCC.
PRIORITY OF DOCUMENTS
In the event there are any discrepancies between this opportunity notice and the information on the MERX website proper, this opportunity notice shall take precedence.
Bidding and Documents are available on http://www.merx.com. Fees may apply; See https://www.merx.com/public/pricing for more information.
