Specifications include, but are not limited to: The Contractor will provide BOI with an Investment Accounting and Portfolio Management System that is cloud based, comprised of software, implementation services, and maintenance support for production and disaster recovery. The system will enable BOI to process investment securities, investment accounting including interfacing to the State of Michigan general ledger system, pooled and separated account fund accounting, manage cash, provide Global Investment Performance Standards (GIPS) compliant performance measurement, account for investments on an average cost basis, and support external interfaces with Licensee’s custodian bank, DTC, trading systems, and other external required interfaces. The Contractor will convert, as needed, BOI’s existing data, train administrative and system personnel, and play a lead role in the management of the expansion, maintenance and upgrade of the system.