SW-32051 - USA (Minnesota) - Financial Aid Solution - Deadline March 25,2020

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: SW-32051

Government Authority located in Minnesota; USA based organization looking for expert vendor for financial aid solution.

[A] Budget: Looking for Proposal

[B] Scope of Service:

Vendor needs to provide financial aid solution to improve the effectiveness and efficiency of the current systems by consolidating and automating unique workflows that are currently on separate platforms, inefficient, and/or are processed manually.
- Workflow-based financial aid/grant management/scholarship management/tuition reciprocity/loan forgiveness system that supports 8 grant and scholarship programs, 5 loan forgiveness/repayment programs, and a tuition reciprocity program– 14 programs in total.
- Financial aid (including tuition reciprocity and loan forgiveness programs) process involves application to a program, determining eligibility, calculating award amounts, communicating award eligibility (for centralized programs), disbursing awarded amounts.
- Ability to manage at least 14 individual programs, Ability for individual programs to have varying timeline, eligibility, and awarding rules, Ability to track individual applicants and recipients, Ability to track intermediaries, Ability to view all monies (including individual disbursements) and number of awards to a recipient in a single year or over a lifetime of a recipient, Ability to distribute funds directly to a recipient or work with an intermediary who administers the programs, Ability to interface and incorporate ISIR data into the platform; including, but not limited to: for calculations, eligibility criteria, and reporting, Ability to manage funding of programs, Highly configurable and workflow-based solution that integrates SQL server based business data, Ability to upload, download, and view documents within workflows, Ability to attach comments and correspondence to a workflow subject, Easily configured to export business data to the OHE data warehouse (SQL), Easily configured to import/export business data from to and from other databases within OHE, Easily configured for role-based and record level security, Allows users, both internal and external to the state firewall, to securely login and access the system in accordance with their security profile, Ability to facilitate production and tracking or communications between OHE to recipients and Intermediaries, Web-based access for applicants/recipients to apply for programs, upload application documents and view the status of their applications and awards, Web-based access for intermediaries to request funds, review program eligibility and award standards and to view status of their programs and accounts, Web-based user interfaces that are compliant with the State of Minnesota Accessibility Standards.

[C] Eligibility:

- Onshore (USA Only);

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office location

[E] Proposal Submission:

Response should be submitted physically (courier or post).

Expiry Date : Wednesday, 25 March, 2020

Category : Software, System and Application

Country : USA

State : Minnesota

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