Specifications include, but are not limited to: The University’s Procurement Department is seeking proposals from qualified vendors that will allow the comprehensive management of the complete contract lifecycle from development through execution and termination/close-out. 2.1 System Requirements/Capabilities The Procurement Department requires that the contract lifecycle management system provide all functions described in this RFP as a fully integrated solution and may not consider proposals suggesting a combination of various modules that individually address the following requirements: 2.1.1 Proposed Solution a) A hosted, cloud-based solution b) Identify any single sign-on offerings for the application c) Provide multiple security levels in the application that allow for a separation of duties d) Compatibility with Microsoft Office products: Word, Excel, and PowerPoint e) Allows users to create and revise contracts f) Allows reviewers to revise contracts and make comments g) Ability to search text within contracts and all other data fields, including narrow filtering, full text search, key word search, advanced search. h) Provides tracking capabilities to see who made changes and when i) Provides electronic flow for review, revisions, and rejections j) Provides electronic approval flow k) Allows for electronic signatures l) Allows for use of established clauses to create unique contracts m) Allows for standard contracts with fillable sections to create unique contracts
