A vendor is sought to provide a cloud-based lease accounting software solution for a one-year contract. The software must be accessible via all major browsers and support monthly and annual journal entry generation. Key system requirements include the ability to handle lease modifications such as contract term adjustments, payment changes, discount rate adjustments, and the capacity to add and customize fields.

Additionally, the software must calculate gains or losses on lease modifications and allow for adjustments in calculations related to full and partial impairments. Vendors are required to specify the proportion of cloud-based versus on-premise hosting in their offering, and the system must support fiscal calendars that differ from the standard calendar year. All questions regarding this RFP must be submitted by March 12, 2026.