Specifications include, but are not limited to: 2.1.1.Create and manage the data supply chain, particularly the investment manager and custodian content. 2.1.2.Reduce the time to reconcile the custodian and investment manager data through automation and provide data quality checks across the VPIC composite and sub-plans (VSERS, VSTRS, VMERS). 2.1.2.1. Review data submitted by individual investment managers and report any variances greater than the State-established tolerance of 20 bps from that reported by the State’s custodian. The Contractor shall take steps to review the data for reasonableness. Any variance outside State-established tolerance shall have reporting capabilities to look-through to the cause of the discrepancy (see “Section 6.8 Attachments: I” for an example of a current reconciliation). 2.1.2.2. Quarterly report reconciling the contractual fee of each investment fund to that invoiced or aggregated out of the fund balance. 2.1.2.3. Daily report checking the cash balances within each investment fund to ensure no overdrafts or unusual cash movements occurred the prior day or overnight.