Question: 1. Please discuss options for a more efficient accounting software system for state governmental accounting. The accounting system should be beneficial to incorporate machine learning

1. Please discuss options for a more efficient accounting software system for state governmental accounting. The accounting system should be beneficial to incorporate "machine learning" functionality to streamline the more routine tasks of the accounting function.

2. There need to be significant improvements in efficiency and effectiveness for the new software to justify the cost of implementation.

3. Please advise a list of "must-haves" and "nice to haves" if budget allows. Considering the technical requirements are in terms of system capacity and data security.

4. Discuss the RFP process and if there are any preferred/denylisted vendors with whom some company has worked in the past.

If possible, please help with the below tasks if not answering the above questions would be sufficient. Thanks so much!

  1. Locate a short RFP template either within Word or on a governmental entity website (note when you are looking on a government agency website, you are writing the actual RFP, not the entity bidding on the RFP). You are to prepare the RFP document to send to potential vendors.
  2. Come up with 2 to 3 vendors that can provide what the department says they need in terms of capability (assume for this exercise that price is not a consideration).
  3. Come up with a list of 4 "must have" and 2 "nice to have" features for the package based on feedback from your team (which should be able to be done by looking at the governmental accounting software options from different software providers on the Internet).
  4. Create/research the technical specifications and number of users with the IT group's assistance (again, these can probably be found on the software providers' websites).

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