A.1. The Contractor shall provide all goods or services and deliverables as required, described, and detailed below and shall meet all service and delivery timelines as specified by this Contract. A.2. The Contractor shall conduct a comprehensive review and mapping of the workflows and processes within THDA’s Accounting Division. A.3. The Contractor shall demonstrate the following during the performance of this contract: a. Expertise in fund accounting process analysis, optimization, and automation; b. Strong knowledge of accounting principles, internal controls, and financial compliance requirements; and c. Familiarity with treasury and accounting software systems. A.4. The Contractor shall conduct an in-depth assessment of current accounting workflows and document both manual and system-based processes in each of these areas: a. Financial Reporting & Close; b. Treasury: Cash and Debt Management; c. Mortgage Lending; d. Procurement & Accounts Payable; and e. Grants Accounting Revenue. A.5. The Contractor shall provide THDA with a comprehensive workflow map detailing the current state of accounting processes. A.6. The Contractor shall identify opportunities for increased efficiency, automation, and alignment with industry best practices while ensuring compliance with applicable accounting standards. The Contractor shall identify these opportunities for both automation and system. The Contractor shall develop a detailed report outlining inefficiencies and non-value-adding activities and further recommend process improvements, automation strategies, and best practices tailored to THDA’s needs. A.7. The Contractor shall conduct a gap analysis comparing existing processes with industry best practices; contractor shall document current processes and identify inefficiencies. The Contractor shall provide THDA with a detailed gap analysis report outlining inefficiencies and areas for improvement, including system enhancements. This report shall include actionable recommendations for process enhancements and system utilization that minimize redundancy. A.8. The Contractor shall conduct a final presentation and provide a written summary report of findings as well as recommendations for next steps to THDA. The presentation and written summary report shall include a roadmap with practical recommendations for process optimization and automation.
