• The solution must be able to deliver payments to vendors via ACH biweekly using a file out of the ERP software used by the City • The solution must manage the process for onboarding vendors in the ACH program, and vendors are eligible to be paid via ACH immediately once on boarded • The solution will maintain the vendor ACH data, information will not be maintained by the City nor stored in the City’s ERP software • The solution must follow up payments to ensure settlement on all payment types • The solution must offer new vendors the opportunity to sign up for the program after their vendor enrollment with the City is completed • Pre-developed Finance Enterprise export script • Technical implementation support of CTBI on demand program script • The system must be bank and ERP agnostic and require limited technical integration; • The solution must continuously market payments program to vendors; • Must include dual factor authentication for ACH vendor enrollment; • The solution must conduct regular OFAC checks on vendors; • If refunds are made, the solution must capture and provide reasons for the refund; • If a vendor no longer wishes to accept ACH payment, the solution must notify the City of need to switch vendor form of payment.
