Specifications include, but are not limited to: URI is soliciting proposals from qualified firms to provide an Electronic Procure to Pay Software Solution (“P2P System”) that will drive greater efficiencies throughout the University’s purchasing and payables processes while integrating with our PeopleSoft Financial System (which will remain the system of record). The goal is to reduce manual, paper-based processes and process cycle times and improve department/vendor interactions with use of the solution. Ultimately, the system will also provide for complete on-line access to process procurement and payable transactions, allowing work to be performed from any remote location. The Solution must include the functionality for requisitioning, purchase orders, on-line receiving, accounts payable, vendor registration and electronic bid processing. The Solution shall be a hosted Software-as-a-Service (Saas) license model that is generally available and currently implemented at comparable institutions. Any solution modifications or additions necessary to enable the Solution to operate according to all technical and functional requirements herein must be approved by the University and must become part of the base product and not require additional fees/costs with future releases or upgrades. The University anticipates the P2P System Solution roll-out to be completed in a timely fashion and in accordance with best practices; including but not limited to implementation, data migration, project management, change management, training and support.