Bank Reconciliation Services

A government authority in Richmond, Virginia is seeking a vendor to provide bank reconciliation services to address its immediate and future treasury and financial operations needs. The scope includes support for a broad range of functions such as cash management, banking operations, debt management, investment management, unclaimed property administration, risk management, and financial reporting.

The required solution must support the reconciliation of multiple accounts and transaction types across various financial institutions and state financial systems. These activities are intended to ensure accurate recording of receipts, disbursements, electronic payments, wire transfers, investments, and other treasury transactions. Timely and accurate reconciliation is considered essential for maintaining financial integrity, supporting audit requirements, identifying exceptions, and strengthening cash management practices.

The selected supplier is expected to provide a complete end-to-end solution with functionality equivalent to or better than the current environment, while improving automation, efficiency, auditability, reporting, security, and sustainability. Services are to include software, configuration, integrations, migration, data conversion, testing, training, documentation, reporting, production deployment, go-live support, maintenance, and ongoing technical support. An optional pre-bid conference is scheduled for July 24, 2026, questions are due by July 21, 2026, and the contract term will be three years.