Financial Accounting System

The State of North Dakota, through the State Investment Board and ND Retirement and Investment Office, is soliciting proposals under solicitation SRC000391 for a new Financial Accounting System. This procurement aims to replace the current on-premises Microsoft Dynamics GP system with a solution that supports at least 20 users and provides general ledger management, reporting functionality, and ongoing support. The system must integrate with the state's PeopleSoft platform for payment processing and maintain a two-way integration with the Data Repository and Analysis System. A shared estimated budget of 15.5 million dollars is allocated across this project and the related reporting and data repository procurement. Proposals must be submitted electronically via the NDBuys portal by September 28, 2026. The evaluation is based on a 100-point scale, with 90 points allocated to the technical proposal and 10 points to the cost proposal; a minimum technical score of 60 is required for responsiveness. Technical evaluations focus on the IT solution, enterprise specifications, product support, and experience. The scope of work includes detailed requirements for data entry controls, ADA compliance, and adherence to the Risk Management Framework. Offerors must provide a comprehensive cost proposal covering software licensing, implementation deliverables, and hosting and maintenance for seven years. The contract includes specific requirements for joint venture submissions and subcontractor registration with the North Dakota Secretary of State. Key deliverables range from the initial project kickoff to final acceptance, which requires the resolution of all outstanding system issues. The state maintains a 12-month verification period following final acceptance to ensure product conformity. Procurement is managed by Sowmya Karumanchi, and the anticipated window for contract negotiation and finalization is between October 2026 and July 2027, contingent upon the appropriation of funds.