Utah Public Procurement Place U3P #26-04062RW

Utah Transit Authority Seeks SaaS Lease & SBITA Accounting Solution for GASB Compliance

The Utah Transit Authority (UTA), operating under SPECIAL SERVICE DISTRICTS, is seeking proposals for a Software-as-a-Service (SaaS) solution to manage compliance with GASB Statement No. 87 (Leases) and GASB Statement No. 96 (Subscription-Based Information Technology Arrangements): - Government Buyer: - Utah Transit Authority (UTA), SPECIAL SERVICE DISTRICTS - OEMs and Vendors: - No specific OEMs or vendors are named; the solicitation is open to all qualified providers - Products/Services Requested: - Lease Property Tracking Software (SaaS) - Must be compliant with GASB 87 and GASB 96 - Serves as the authoritative system of record for lease and SBITA accounting - Supports at least 550 active records (leases and SBITAs combined) - Scalable for future growth without loss of performance or functionality - Robust reporting and disclosure features for financial compliance - Unique or Notable Requirements: - Full compliance with both GASB 87 and GASB 96 - SaaS delivery model (cloud-based) - System must be scalable and maintain high performance as record volume increases - Must provide comprehensive tracking, calculation, and reporting for all required financial data and disclosures

Description

The Utah Transit Authority (UTA) is soliciting proposals for a software solution to provide complete compliance support for GASB Statement No. 87 (Leases) and GASB Statement No. 96 (Subscription-Based Information Technology Arrangements). The solution must be a Software-as-a-Service (SaaS) platform or approved equal, capable of tracking, calculating, and reporting all required financial data and disclosures for both standards. It will serve as the authoritative system of record for lease and SBITA accounting, supporting a minimum of 550 total active records and scalable for future growth without performance degradation.

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