Texas DIR/ESBD #TRS000682

Texas TRS Seeks Enterprise Fraud Detection and Monitoring Solution with Implementation Services

The Teacher Retirement System of Texas (TRS) is seeking proposals for an enterprise fraud detection and monitoring solution to enhance its fraud risk management capabilities. - Government Buyer: - Teacher Retirement System of Texas (TRS), Procurement & Contracts - Products/Services Requested: - Enterprise fraud detection and monitoring software solution - Must integrate with TRS systems - Support fraud scenarios in pension, procurement, and paper processes - Provide risk scoring, alerting, and reporting - Implementation, configuration, and project management services - Training for TRS staff - Ongoing licensing and maintenance - Unique/Notable Requirements: - Vendors must have at least seven years of experience in pension and/or procurement fraud solutions - Must have implemented at least three enterprise fraud solutions for organizations of similar size and complexity - Experience in highly regulated environments (government, public pension, financial services, healthcare, or insurance) - Compliance with industry-standard security practices (e.g., SOC 2, ISO 27001) - Single or multiple awards possible across three Statements of Work - Pricing must remain fixed for renewal periods; no escalation allowed - No specific OEMs or vendors are named in the solicitation

Description

This solicitation is a Request for Proposal (RFP) issued by the Teacher Retirement System of Texas (TRS) for an enterprise fraud detection and monitoring solution. The solution must integrate with TRS systems, support defined fraud scenarios, and provide risk scoring, alerting, and reporting capabilities. The scope includes full implementation, configuration, training, project management, and ongoing licensing and maintenance to ensure alignment with TRS business, technical, and security requirements. The contract term is one year with four optional one-year renewals.

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