A government authority in Philadelphia, Pennsylvania is seeking vendors to provide comprehensive banking and investment services. Services will include evaluating and enhancing current banking, cash management, and investment operations to improve efficiency, cash flow control, and maximize financial returns.

Responsibilities encompass management and reconciliation of multiple types of accounts, retention and access of historical account data, integration with ERP systems, daily and real-time reporting for transactions and balances, electronic invoicing and payment solutions, merchant processing, returned check management, and cash discrepancy notification. Additional services required are domestic and international wire transfers, virtual and corporate card programs, interest-bearing accounts, automated sweep and cash concentration structures, and short-term investment options to optimize idle funds.

The vendor must also provide multi-factor authentication and user access control, positive pay and reverse positive pay services, fraud monitoring and anomaly detection, treasury management platforms, cash position visibility, and reconciliation support. Experience in direct bank financing for capital acquisitions and supporting public-sector borrowing is necessary. Detailed information on processes, documentation, and timeline expectations is also required.